RCS - Invinity Energy Sys - 0.9 MWh Sale to U.S. Electrical Workers Union HQ

Invinity Energy SystemsAnnouncement

25/05/2023 07:00

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RNS Number : 5701A  Invinity Energy Systems PLC  25 May 2023

 

25 May 2023

Invinity Energy Systems plc

 

("Invinity" or the "Company")

 

0.9 MWh Sale to U.S. Electrical Workers Union HQ

Invinity flow battery will increase use of onsite solar power and be used to
train future electricians on VFB maintenance and installation at IBEW 58
Headquarters in Detroit, Michigan

 

Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF) a leading
global manufacturer of utility-grade energy storage, is pleased to announce a
0.88 MWh sale to the Detroit branch of the International Brotherhood of
Electrical Workers ("IBEW") Local 58 for use in a solar plus storage project.

 

The project will see four Invinity VS3 vanadium flow batteries installed at
IBEW 58 Headquarters in Detroit, Michigan alongside a 235 kWp solar array.
Invinity's batteries will be used to store and dispatch on-demand power
generated from the solar array, to achieve carbon neutrality for the building,
reduce energy bills and provide enhanced energy security in case of blackouts.
IBEW Local 58 will also use the system to train a portion of their 4,800
members in the management and installation of Invinity's VFB technology, an
initiative that could enhance Local 58 members' understanding of and ability
to support future Invinity installations across North America.

 

The IBEW, one the largest North American workers unions with around 775,000
members in the U.S. and Canada, is a major organiser of apprenticeship
programs in the U.S. and Canada for training future electricians, linesmen and
wiring installers. It is a vital source of skilled electrical workers for many
of the larger electrical companies in North America.

 

Delivery of the Invinity batteries is expected to commence in Q3 2023. The
contract was included as part of the Company's Base category in its most
recently disclosed commercial pipeline.

 

Paul VanOss, Business Manager at IBEW Local 58 Detroit said:

 

"We are pleased to be installing Invinity's vanadium flow battery technology
at the Local 58 Zero Net Energy Center in Detroit, Michigan for use as part of
a solar plus energy storage project. IBEW Local 58 is a leader in the energy
space and is committed to expanding our Zero Net Energy Center headquarters
with the latest technology innovations that diversify energy production and
consumption and provide real-time hands-on training labs for our members."

 

Matt Harper, Chief Commercial Officer at Invinity said:

 

"The Invinity team have long been proud of the significant advantages that our
vanadium flow batteries offer to the workers who install, operate and maintain
them. We are pleased that the IBEW Local 58 appreciates those advantages and
are excited to demonstrate the personnel safety and product longevity that are
the hallmarks of our products. In addition, we look forward to working
together to prove how our future net zero grid infrastructure can be built
using domestically manufactured components and delivered by a strong, capable
domestic labor force. We thank IBEW and its members for their support and look
forward to working alongside them as we deliver and demonstrate the benefits
of this pioneering project."

 

 

Stay up to date with news from Invinity. Join the distribution list for the
Company's monthly investor newsletter here
(https://invinity.com/newsletter/?utm_source=iesrns)

 

Enquiries:

 

 Invinity Energy Systems plc                                 +44 (0)20 4551 0361
 Jonathan Marren, Chief Development Officer and Interim CFO

 Joe Worthington, Director of Communications

 Tavistock (Financial PR Advisor)                            +44 (0)20 7920 3150
 Simon Hudson / Charles Baister                              invinity@tavistock.co.uk (mailto:invinity@tavistock.co.uk)

 

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 UK, Canada, USA, China and Australia.
Invinity Energy Systems plc is listed in the UK on AIM and AQSE and trades in
the USA on OTCQX.

 

To find out more, visit invinity.com (https://invinity.com/?utm_source=rns) ,
sign up to our monthly Investor Newsletter here
(https://invinity.com/newsletter/?utm_source=iesrns) or contact Investor
Relations on via +44 (0)20 4551 0361 or ir@invinity.com
(mailto:ir@invinity.com)

 

 

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