Invinity Energy Systems receives "major affirmation" from US Department of Energy
October 04, 2023 at 02:34 pm EDT
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Invinity Energy Systems PLC (AIM:IES, OTCQX:IESVF) CEO Larry Zulch speaks to Thomas Warner from Proactive after the vanadium flow battery manufacturer announced two significant new developments.
The company has recently announced the sale of six of its shipping-container sized vanadium flow batteries to Taiwan's National Applied Research Laboratories, which collectively amount to 1.1 MWh of capacity. Zulch emphasises that vanadium flow batteries neither catch fire nor wear out, making them ideal for electrical infrastructure, and suggests that more orders from Taiwan may be forthcoming.
Invinity has also revealed that the US Department of Energy plans to fund projects that will use 84 MWh of Invinity's next-generation product, code-named "Mistral." Zulch explains the significance of the news, calling it a "major affirmation that we are headed in the direction of being able to make a big difference on the renewable infrastructure." Over the next six months, Invinity plans to announce more energy storage projects and as well as more news from its partnership with Siemens Gamesa.
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Invinity Energy Systems PLC is a Jersey-based company, which is a global manufacturer of utility-grade energy storge. It is engaged in the manufacture and sale of vanadium flow battery systems and associated installation, warranty, and other services. It manufactures vanadium flow batteries for large-scale, high-throughput energy storage requirements of business, industry and electrical networks. Its VS3 is the core building block of its energy storage systems. Its technology is non-flammable and requires little maintenance and upkeep. Its VS3-022 is designed to double stack, maximizing the energy density of the storage system on site. Multiple VS3-022 units can be grouped together to match specific storage project needs. With over 70 MWh of systems already deployed or contracted for delivery across over 79 sites in 15 countries, the Company is active in all global energy storage markets and has operations in the United Kingdom, Canada, United States of America, China and Australia.