REG - Invinity Energy Sys - 0.8 MWh Sale to Equans Belux

Invinity Energy SystemsAnnouncement

12/10/2022 07:00

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RNS Number : 5603C  Invinity Energy Systems PLC  12 October 2022

The information contained within this Announcement is deemed by Invinity
Energy Systems plc to constitute inside information as stipulated under the
Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK law by virtue
of the European Union (Withdrawal) Act 2018 ("MAR").

 

12 October 2022

Invinity Energy Systems plc

 

("Invinity" or the "Company")

 

0.8 MWh Sale to Equans Belux

Sale is Invinity's first into European market poised for growth

 

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 0.8 MWh Invinity VS3 flow battery system to Equans Belux for use
at one of their sites in Belgium.

 

Four Invinity VS3 batteries with a total capacity of 0.8 MWh will be
integrated with solar PV to allow Equans to support their customers in
unlocking low-carbon energy on-demand and supporting their operations by
extending and maximizing EV charging capacity. Equans considers this project
as an important reference site to present this new solution to their
customers, and also to validate the performance of Invinity's flow batteries
in terms of suitability for future projects.

Recently acquired from Engie by leading diversified services group Bouygues,
Equans is a world leader in energy services with nearly 100,000 employees,
working in more than 50 countries hubs and an annual turnover of over 17
billion euros. Equans designs, installs and provides customised solutions to
improve the technical equipment, systems and processes of its clients and to
optimize their use through their energy, industrial and digital transitions.

The batteries will be assembled at Invinity's Bathgate facility with delivery
expected in early 2023.

 

Matt Harper, Chief Commercial Officer at Invinity said:

 

"Invinity's first VS3 sale into the European market is exciting for us,
especially given the strength of our customer. Equans and Bouygues are global
leaders in providing the technical services that help commercial and
industrial companies profitably navigate the low-carbon energy transition. We
are excited at the opportunity to demonstrate how Invinity's durable, safe and
economical energy storage solutions can help accelerate that transition across
Equans' client portfolio."

 

 

Enquiries:

 

 Invinity Energy Systems plc                                 +44 (0)204 551 0361
 Jonathan Marren, Chief Development Officer and Interim CFO

 Joe Worthington, Director of Communications

 Canaccord Genuity (Nominated Adviser and Joint Broker)      +44 (0)20 7523 8000
 Henry Fitzgerald-O'Connor / Gordon Hamilton

 VSA Capital (Financial Adviser and Joint Broker)            +44 (0)20 3005 5000
 Andrew Monk / Simon Barton

 EAS Advisors LLC (US Corporate Advisor)                     +1 (646) 495 2225
 Matthew Bonner / Chris Chesworth

 

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 33
MWh of systems deployed to date across more than 50 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 on the AIM Market of the London Stock Exchange and on
the Aquis Stock Exchange (AQSE). The Company trades in the USA on OTCQX Best
Market under the symbol "IESVF".

 

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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