REG - Invinity Energy Sys - Appointment of Chief Financial Officer

Invinity Energy SystemsAnnouncement

29/11/2024 07:00

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RNS Number : 1016O  Invinity Energy Systems PLC  29 November 2024

 

 

29 November 2024

Invinity Energy Systems plc

 

("Invinity" or the "Company")

 

Appointment of Chief Financial Officer

Adam Howard joins Invinity from the National Wealth Fund (formerly UK
Infrastructure Bank)

 

Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading
global manufacturer of utility-grade energy storage, is pleased to announce
the appointment of Adam Howard to the role of Chief Financial Officer and
Executive Director on the Board of Invinity, effective 09 December 2024.

 

Adam was previously a Director of Banking and Investments at the National
Wealth Fund ("NWF"), responsible for leading the financing of energy and
infrastructure projects in support of the UK's Net Zero transition. Prior to
joining the NWF he spent over 15 years working in the energy and natural
resources sectors at EBRD, ING Barings and Lloyds Bank, with a focus on direct
equity and capital markets. During his career, Adam has advised and led over
30 transactions raising £4bn of capital for growth companies from Europe to
Central Asia. Adam holds an Executive MBA from INSEAD and MSc Financial
Economics from the University of Leicester.

 

Adam Howard said:

 

"I'm happy to be joining Invinity at such an exciting time for the business. I
had the opportunity to work with the excellent team at Invinity during their
recent fundraise and wanted to join the Company at this pivotal time in its
story. The UK is at the forefront of the world in deploying offshore wind and
phasing out coal - the next stage of the energy transition is solving the
resultant intermittency challenge through long duration energy storage
("LDES"). Invinity is a world leader in this field and has developed one of
the most widely deployed LDES battery technologies globally. I am excited to
get started and play my part in the future success and growth of the Company."

 

Jonathan Marren, Chief Executive Officer at Invinity said:

 

"I'm delighted that Adam has decided to join the executive team. Having worked
closely together during his time at the National Wealth Fund, I am confident
that Adam will add real value to Invinity from his very first day as CFO. Adam
shares our vision for Invinity's future, has experience of the market and the
requisite skills to make this vision a reality. I look forward to working
closely together with Adam and Matt to deliver on the corporate objectives we
set out earlier this year and take Invinity on the next step of its journey
towards profitability."

 

 

 

Further Information

Adam James Howard (aged 41) holds or has held the following directorships or
partnerships in the past five years:

 

 Current directorships or partnerships  Previous directorships or partnerships
 Cornish Lithium plc

 Ingleby Partners Limited

 Ingleby Living Limited

 

There are no other matters which are required to be disclosed in accordance
with Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.

 

 

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 Executive Officer

 Joe Worthington, Senior Director, Corporate Affairs

 Canaccord Genuity (Nominated Adviser and Joint Broker)                    +44 (0)20 7523 8000
 Henry Fitzgerald-O'Connor / Harry Pardoe / Charlie Hammond

 VSA Capital (AQSE Corporate Advisor, Financial Adviser and Joint Broker)  +44 (0)20 3005 5000
 Andrew Monk / Andrew Raca

 Tavistock (Financial PR Advisor)                                          +44 (0)20 7920 3150
 Simon Hudson / Saskia Sizen / Adam Baynes                                 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 75 MWh
of systems already deployed or contracted for delivery across 82 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 quoted 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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