29 November 2024
Invinity Energy Systems
plc
("Invinity" or the "Company")
Appointment of Chief
Financial Officer
Adam Howard joins Invinity
from the National Wealth Fund (formerly UK Infrastructure
Bank)
Invinity Energy Systems plc (AIM:
IES) (AQSE: IES) (OTCQX: IESVF), a leading
global manufacturer of utility-grade energy
storage, is pleased to announce the
appointment of Adam Howard to the role of Chief Financial Officer
and Executive Director on the Board of Invinity, effective 09
December 2024.
Adam was previously a Director of
Banking and Investments at the National Wealth Fund ("NWF"),
responsible for leading the financing of energy and infrastructure
projects in support of the UK's Net Zero transition. Prior to
joining the NWF he spent over 15 years working in the energy and
natural resources sectors at EBRD, ING Barings and Lloyds Bank,
with a focus on direct equity and capital markets. During his
career, Adam has advised and led over 30 transactions raising £4bn
of capital for growth companies from Europe to Central Asia. Adam
holds an Executive MBA from INSEAD and MSc Financial Economics from
the University of Leicester.
Adam Howard said:
"I'm happy to be joining Invinity at such an exciting time for
the business. I had the opportunity to work with the excellent team
at Invinity during their recent fundraise and wanted to join the
Company at this pivotal time in its story. The UK is at the
forefront of the world in deploying offshore wind and phasing out
coal - the next stage of the energy transition is solving the
resultant intermittency challenge through long duration energy
storage ("LDES"). Invinity is a world leader in this field and has
developed one of the most widely deployed LDES battery technologies
globally. I am excited to get started and play my part in the
future success and growth of the Company."
Jonathan Marren, Chief Executive
Officer at Invinity said:
"I'm delighted that Adam has decided
to join the executive team. Having worked closely together during
his time at the National Wealth Fund, I am confident that Adam will
add real value to Invinity from his very first day as CFO. Adam
shares our vision for Invinity's future, has experience of the
market and the requisite skills to make this vision a reality. I
look forward to working closely together with Adam and Matt to
deliver on the corporate objectives we set out earlier this year
and take Invinity on the next step of its journey towards
profitability."
Further Information
Adam James Howard (aged 41) holds or
has held the following directorships or partnerships in the past
five years:
|
Current directorships or partnerships
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Previous directorships or partnerships
|
|
Cornish Lithium plc
Ingleby Partners Limited
Ingleby Living Limited
|
|
There are no other matters which are
required to be disclosed in accordance with Rule 17 and paragraph
(g) of Schedule Two of the AIM Rules for Companies.
Stay up to date with news from Invinity. Join the distribution
list for the Company's monthly investor newsletter
here.
Enquiries:
|
Invinity Energy Systems plc
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+44 (0)20 4551 0361
|
|
Jonathan Marren, Chief Executive
Officer
Joe Worthington, Senior Director,
Corporate Affairs
|
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Canaccord Genuity (Nominated Adviser
and Joint Broker)
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+44 (0)20 7523 8000
|
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Henry Fitzgerald-O'Connor / Harry
Pardoe / Charlie Hammond
|
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|
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VSA
Capital (AQSE Corporate Advisor, Financial Adviser and Joint
Broker)
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+44 (0)20 3005 5000
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Andrew Monk / Andrew Raca
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Tavistock (Financial PR Advisor)
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+44 (0)20 7920 3150
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Simon Hudson / Saskia Sizen / Adam
Baynes
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invinity@tavistock.co.uk
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Notes to Editors
Invinity Energy Systems plc (AIM:
IES) (AQSE: IES) (OTCQX: IESVF)
manufactures vanadium flow batteries for
large-scale, high-throughput energy storage requirements of
business, industry and electrical networks.
Invinity's factory-built flow
batteries run continually with no degradation for over 25 years,
making them suitable for the most demanding applications in
renewable energy production. Energy storage systems based on
Invinity's batteries are safe, reliable, and economical, and range
in size from less than 250 kilowatt-hours to tens of
megawatt-hours.
Invinity was created in April 2020
through the merger of two flow battery industry leaders: redT
energy plc and Avalon Battery Corporation. With 75 MWh of systems
already deployed or contracted for delivery across 82 sites in 15
countries, Invinity is active in all major global energy storage
markets and has operations in the UK, Canada, USA, China and
Australia. Invinity Energy Systems plc is quoted in the UK on AIM
and AQSE and trades in the USA on OTCQX.
To find out more, visit
invinity.com,
sign up to our monthly
Investor Newsletter here or
contact Investor Relations on via +44 (0)20 4551 0361 or
ir@invinity.com.