Invinity Energy Systems plc - Vanadium Flow Batterie (Seite 10)

[H2Future]

https://invinity.com/news/

Invinity Energy Systems plc (AIM:IES), manufacturer of vanadium flow batteries for the large-scale energy storage requirements of businesses, industry and electricity networks, is pleased to provide an update on trading in early 2021 below:

Commercial

The Company continues to build on record 2020 orders of 18.6 MWh, which comprised strategically significant projects including:

o 8 MWh Yadlamalka Energy solar-plus-storage power plant, South Australia
o 1.8 MWh Flow + Hydrogen + Tidal project, Orkney Islands, UK
o 0.8 MWh Scottish Water treatment plant solar-plus-storage, Perth, UK and
o 0.5 MWh Soboba Fire Station, California, USA

The Company's latest commercial opportunity pipeline as at 4 March 2021 is summarised below. Since the pipeline was last stated in November 2020, Invinity's commercial group have successfully closed opportunities from the 'Base' category and focussed on developing 'Pipeline' opportunities into 'Upside' with a view to replacing deals which have 'Closed'.

Closed Base Upside Pipeline
Energy Capacity
(change since 24.11.20) 18.6 MWh
+4.5% 9.1 MWh
-16.1% 50.3 MWh
+81.1% 143.7 MWh
+18.4%


£68m of funding announced in the 2021 Budget for "longer duration energy storage" projects explicitly excluding lithium-ion or pumped hydro storage.

The introduction of new ancillary service markets in 2021 which are highly appropriate for technologies capable of high energy throughput such as flow batteries.

Rising carbon prices and the introduction of green bonds which are expected to provide support to renewable and energy storage projects.


https://polaris.brighterir.com/public/redt_energy/news/rns/s…