RCS - Invinity Energy Sys - Invinity meets B.C. Premier & Hosts Delegation

Invinity Energy SystemsAnnouncement

01/12/2023 08:15

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RNS Number : 3683V  Invinity Energy Systems PLC  01 December 2023

 

1 December 2023

Invinity Energy Systems plc

 

("Invinity" or the "Company")

 

Invinity meets Premier of British Columbia & Hosts Canadian Delegation

Matt Harper and other New Economy Canada members discussed key energy
transition proposals and incentives with B.C. Government; B.C. Energy, Mines
and Low Carbon Minister visits Energy Superhub Oxford

 

Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF) a leading
global manufacturer of utility-grade energy storage is delighted to announce
that Invinity's Chief Commercial Officer Matt Harper met British Columbia
(B.C.) Premier David Eby, Senior Cabinet Ministers and key members of the
Opposition last week at the Legislative Assembly of British Columbia in
Victoria, B.C.. These meetings were part of a series organised by New Economy
Canada to discuss how clean energy infrastructure, including vanadium flow
batteries, can help the province decarbonise while growing a strong industrial
base.

 

 

Matt Harper, CCO, Invinity (left) with David Eby, Premier of British Columbia

 

A number of proposals covering energy supply, infrastructure and ongoing
industrial strategy were discussed during the two-day event, including
specific proposals that could see energy storage be included in a major new
clean electricity procurement expected to be launched by provincial electrical
utility BC Hydro in early 2024. New Economy Canada members also called for the
introduction of initiatives to support the expansion of B.C. businesses whose
products, services and technology can accelerate the global path to net zero.

 

New Economy Canada, of which Invinity is a member, is a newly formed
non-partisan initiative uniting over 45 prominent business, Indigenous and
labour groups such as Siemens Energy, First Nations Major Projects Coalition
and the International Brotherhood of Electrical Workers (IBEW). New Economy
Canada's mission is to ensure Canada has the right policies in place to
simultaneously encourage economic growth, deliver green jobs and accelerate
the transition to a decarbonised economy. In so doing, its members expect to
lay strong foundations for a 1.5C-aligned future while enhancing Canada's
industrial and economic competitiveness.

 

In line with Invinity's political engagement strategy targeting global policy-
and decision- makers, the Company continues to successfully meet and discuss
with senior government members and other policy and economic advisors from
Canada, the UK, the U.S. and Australia. In recent months, Invinity has hosted
Jonathan Wilkinson, Canadian Minister for Energy and Natural Resources, Màiri
McAllan MSP, Cabinet Secretary for Transport, Net Zero and Just Transition in
Scotland and other senior ministers at the Company's facilities and projects.
Invinity was also delighted to be profiled in the UK Government's first ever
Battery Strategy announced earlier this week.

 

Most recently, Invinity, alongside its customer EDF Renewables and Oxford City
Council, hosted Josie Osborne, B.C. Minister of Energy, Mines and Low Carbon
Innovation, at the Energy Superhub Oxford during a trip to the UK.

 

Above (L-R): Tim Rose, EDF Renewables, Josie Osborne and Joe Worthington,
Invinity in front of Invinity's 5 MWh vanadium flow battery at the Energy
Superhub Oxford

 

A recent UN report highlighted that despite positive developments Canada needs
to continue accelerating investment towards the transition to clean energy if
it is to meet its 2030 emissions reduction target. Energy storage is
increasingly recognised as the way to increase the reliability of renewable
generation, allowing an increasing proportion of global energy demand to be
served by such low-cost, low-carbon sources.

 

Josie Osborne, B.C. Minister of Energy, Mines and Low Carbon Innovation said:

 

"It was a pleasure to visit the Energy Superhub Oxford and see first-hand how
B.C.-based Invinity's vanadium flow battery technology is playing an important
role in delivering urban decarbonisation and accelerating progress towards net
zero.

 

British Columbia has a proud history of innovation and seeing Invinity's
technology, which continues to be designed and developed in British Columbia,
deployed at ever increasing scale across the world is extremely inspiring."

 

Matt Harper, Chief Commercial Officer at Invinity said:

 

"Because our energy industries - from the production of conventional fuels to
the delivery of power to our homes - are so highly regulated, it takes
dedicated, coordinated work by stakeholders at all levels to drive real
change.

 

Invinity have been tremendously encouraged by how governments and
policy-makers across all of our major markets are recognising the role our
vanadium flow batteries can play in accelerating the path to global net zero
while delivering economic growth and good, durable jobs.

 

We hope that Minister Osborne's visit to our pioneering project at the Energy
Superhub Oxford can help inform her and her government's already impressive
vision for how British Columbia and the world can accelerate along that path."

 

 

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 Financial Officer and Chief Development Officer

 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 70
MWh of systems already deployed or contracted for delivery across over 79
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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