10 March 2023
Invinity Energy Systems plc
("Invinity" or the "Company")
Dawsongroup relationship strengthened with follow-on order; new commercial partnership in Hungarian market.
Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF) a leading global manufacturer of utility-grade energy storage, is pleased to announce a further sale in the
Follow-on order with Dawsongroup plc
Further to Invinity's 16 January 2023 announcement of a partnership with Dawsongroup plc to develop a
Invinity is working closely with Dawsongroup Power Solutions, a newly formed business unit within Dawsongroup plc, to jointly develop and market a full package battery plus renewables solution that is designed to be available on a capex-free basis to
Commercial Partnership in
Invinity has entered into a multi-party commercial partnership with leading Hungarian renewable energy project developer, STS Group ("STS") and their strategic partner, Ideona Group ("Ideona") a Hungarian asset management company. Under the agreement, Invinity has appointed Ideona and STS as the Company's partners in
Invinity's new Hungarian partners have already identified over 50 MWh of potential projects for Invinity batteries, the majority of which have reached a sufficient stage of qualification to have been included in the Company's most recently published pipeline.
Matt Harper, Chief Commercial Officer at Invinity said:
"I'm very pleased to report these positive developments for Invinity in new and existing markets. Our new partnership with Ideona and STS will help to establish Invinity as a leading provider of safe, durable longer-duration storage in
Invinity Energy Systems plc
+44 (0)20 4551 0361
Jonathan Marren, Chief Development Officer and Interim CFO
Joe Worthington, Director of Communications
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 over 65 MWh of systems already deployed or contracted for delivery across over 70 sites in 15 countries, Invinity is active in all major global energy storage markets and has operations in the
To find out more, visit invinity.com or call Investor Relations on +44 (0)204 551 0361.
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