RCS - Invinity Energy Sys - Project Delivery Update

Invinity Energy SystemsAnnouncement

06/04/2023 07:00

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RNS Number : 5580V  Invinity Energy Systems PLC  06 April 2023

 

 

6 April 2023

Invinity Energy Systems plc

 

("Invinity" or the "Company")

 

Project Delivery Update

Significant progress made on key project deliveries during Q1 2023

 

Further to the project delivery update provided on 30 December 2022, Invinity
Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global
manufacturer of utility-grade energy storage, is pleased to confirm the
successful delivery of more than 11.4 MWh of Invinity batteries so far in
2023. Key project updates are below:

 

8.4 MWh Solar + Storage Project, Alberta, Canada

Invinity confirms that all 38 Invinity VS3 batteries have now been delivered
to Elemental Energy's Chappice Lake Solar + Storage project site in Alberta,
Canada. Final installation of the 8.4 MWh battery system is now well under
way, to be followed shortly by energising, commissioning and commercial
operation.

 

 

Picture: Final Invinity VS3 battery being sited at the Chappice Lake Solar +
Storage project in Alberta, Canada

 

8 MWh Solar + Storage Project, South Australia, Australia

Further to the update provided in the 30 December 2022 announcement, 14
Invinity VS3 batteries have cleared customs and have now been delivered to a
customer-designated holding facility near the project site in South Australia.
The remaining 27 batteries have been shipped from Invinity's facility and are
currently in transit to Australia. Installation work is ongoing, with
the balance of the total 8 MWh system expected to be installed and energized
within Q3 2023.

Picture: Invinity VS3 batteries at a holding facility in South Australia

 

10 MWh Solar + Storage Project, California, U.S.

Invinity has also commenced manufacturing of the 10 MWh of VS3 batteries that
will be used at the Viejas Microgrid project in Southern California, in
partnership with Indian Energy and funded in part by the California Energy
Commission. Eight Invinity batteries are currently in transit to the Company's
newly expanded facility in Vancouver, Canada where they will undergo final
assembly and testing before being shipped to the project site. The remaining
batteries are expected to be delivered over the coming months, in line with
customer timelines and aligned with construction works at site. The Company
and its partners continue to expect the battery system to be commissioned
during mid-2023.

 

Picture: VS3 Batteries ready for shipping from Invinity's facility in China

 

 

Larry Zulch, Chief Executive Officer at Invinity said:

 

"I'm proud that our team has been able to deliver over 11 MWh of products in
recent months. This marks a significant shift for Invinity from a development
company to one that is able to commercially supply our class-leading products
into larger and larger projects. The capability to close and fulfil orders at
scale is vital to meeting the growing demand for our products and achieving
our corporate goals."

 

 

Enquiries:

 

 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 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) or
call Investor Relations on +44 (0)204 551 0361

 

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