Picture of Invinity Energy Systems logo

IES Invinity Energy Systems News Story

0.000.00%
gb flag iconLast trade - 00:00
IndustrialsHighly SpeculativeMicro CapSucker Stock

RCS - Invinity Energy Sys - Invinity's Largest Battery Goes Live

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230922:nRSV3661Na&default-theme=true

RNS Number : 3661N  Invinity Energy Systems PLC  22 September 2023

 

22 September 2023

Invinity Energy Systems plc

 

("Invinity" or the "Company")

 

Invinity's Largest Battery System to Date Goes Live

The Chappice Lake Solar & Storage system is now powering the Alberta Grid

 

Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF) a leading
global manufacturer of utility-grade energy storage, is pleased to announce
that the Company's Canadian partner Elemental Energy has officially commenced
operation of its 8.4 MWh Invinity VS3 vanadium flow battery ("VFB") at their
Chappice Lake Solar & Storage Project site in Alberta, Canada (see picture
below). This is Invinity's largest operational battery to date, and the
largest vanadium flow battery serving the North American grid.

 

 

Located in one of the sunniest places in Canada and in a province historically
known as one of North America's major centres for oil production, the project
features a 21 MWp solar array coupled with an 8.4 MWh VFB. A Canadian first in
terms of size and application, this project will now generate enough
dispatchable, low-cost, low-carbon electricity to serve the needs of over
7,000 Alberta residents with clean, on-demand solar power and is targeting
carbon savings of approximately 20,000 tCO(2)e per year.

 

Above: Inside the 8.4 MWh Invinity VS3 vanadium flow battery system at
Chappice Lake, Alberta, Canada

 

At the ribbon-cutting event held yesterday at the site near Medicine Hat,
Alberta, representatives from Elemental Energy and Invinity joined a broad
range of project partners and stakeholders to celebrate this exciting phase of
the project. These included representatives from project funder Emissions
Reduction Alberta, ownership partner Cold Lake First Nations, and
representatives from many of the engineering, technical and construction
service providers who contributed to the project.

 

Above: Jamie Houssian, Principal, Elemental Energy and Heather Bishop,
Director of Economic Development, Cold Lake First Nations with representatives
from Invinity and invited guests at the ribbon-cutting ceremony of the
Chappice Lake Solar & Storage project

 

Invinity's Vancouver-based partner on the project Elemental Energy
(https://elementalenergy.ca/) is a leading private renewable energy
development company with over 100 MW of wind, solar and hydro projects in
construction or operation throughout North America and has a further 1GW of
projects under development.

 

Jamie Houssian, Principal at Elemental Energy said:

 

"This project, through its innovative pairing of a 21 MWp solar farm with
Invinity's 8.4 MWh vanadium flow battery, will bring tremendous value to
Elemental Energy and our partner, Cold Lake First Nations, as well as to the
Alberta electricity grid by enabling us to deliver power when it is needed the
most."

 

Matt Harper, Chief Commercial Officer at Invinity said:

 

"This is a proud moment for Invinity. Not only is our largest project to date
now in revenue service, but we have proven the capabilities of a great
partnership alongside Elemental Energy and Cold Lake First Nations. This
achievement is further proof that Invinity's products can apply their ability
to cycle almost indefinitely over long durations to significantly increase
economic returns for renewable generation projects worldwide. We look forward
to working with Elemental to continue to optimize how this project can serve
Alberta's grid, and to using the Chappice Lake project to increase awareness
of the critical role Invinity's vanadium flow batteries will play in the
world's transition to 24/7 renewable energy."

 

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)

 

 

About Reach announcements

 

This is a Reach announcement. Reach is an investor communication service aimed
at assisting listed and unlisted (including AIM quoted) companies to
distribute media only / non-regulatory news releases into the public domain.
Information required to be notified under the AIM Rules for Companies, Market
Abuse Regulation or other regulation would be disseminated as an RNS
regulatory announcement and not on Reach.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRADLLBLXKLZBBZ

Recent news on Invinity Energy Systems

See all news