Invinity Energy Sys - 0.2 MWh Pilot Project with Australian Utility
Announcement provided by
Invinity Energy Systems plc · IES28/07/2023 07:00
28 July 2023
Invinity Energy Systems plc
("Invinity" or the "Company")
0.2 MWh Pilot Project with Australian Energy Utility
Invinity VS3 battery will be evaluated by Horizon Power,
Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF) a leading global manufacturer of utility-grade energy storage, is pleased to announce the sale of a 0.2 MWh Invinity VS3 flow battery system to VSUN Energy ("VSUN"), a wholly owned subsidiary of Australian Vanadium Limited (ASX: AVL), for use by leading Australian power provider Horizon Power ("Horizon").
The microgrid project will see Horizon, a state government owned energy utility company responsible for generating, procuring, distributing and retailing electricity to residential, industrial and commercial customers across
The battery will be located at a Horizon power site in Kununurra,
Stephanie Unwin, Chief Executive Officer at Horizon Power said:
"Long duration energy storage provides backup power during times of peak demand or when the power supply is interrupted, storing high volumes of excess energy when demand is low and the ability to shift energy storage into the night. It can also minimise the need for costly fossil fuel generation and grid infrastructure upgrades.
The VFB is specifically designed to deliver large amounts of energy over a long period of time and is temperature resilient - which is critical for our unique regional and remote networks.
This is an exciting trial which will allow us to increase our understanding of the technology in a regional energy system and its ability to provide long periods of 100% renewable energy."
Graham Arvidson, Chief Executive Officer at Australian Vanadium said:
"This is the first contracted VFB project for an Australian energy utility. VSUN Energy has been actively pursuing opportunities for VFB deployments and is seeing an increased interest from all energy sectors for this proven, commercialised and effective energy storage technology which uses vanadium at its core. Horizon Power has chosen to be one of the early movers in
Matt Harper, Chief Commercial Officer at Invinity said:
"Due to their durability, safety and reliability, vanadium flow batteries have a vital role to play in reducing the use of fossil fuels in power generation, particularly in remote communities. Invinity is pleased to be supplying our proven and commercialised VFB technology, that has important Australian roots, for VSUN and Horizon Power who are spearheading the use of alternative-to-lithium batteries for energy storage in
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Enquiries:
Invinity Energy Systems plc |
+44 (0)20 4551 0361 |
Jonathan Marren, Chief Development Officer and Interim CFO Joe Worthington, Director of Communications |
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Tavistock (Financial PR Advisor) |
+44 (0)20 7920 3150 |
Simon Hudson / Charles Baister |
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, sign up to our monthly Investor Newsletter here or contact Investor Relations on via +44 (0)20 4551 0361 or ir@invinity.com
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