UK's Invinity Energy Systems jumps on battery order with Korean firm

Korea Electric Power

13/12/2022 09:26

** Shares of Invinity Energy Systems Plc  IES.L  rise more
than 16% to 53p, their highest since June 27
    ** The energy storage manufacturer to sell 1.5 MWh VS3 flow
battery system to Hyosung Heavy Industries for use by Korea's
national electricity utility Korea Electric Power Corp (KEPCO)
    ** Says seven VS3 batteries will be installed at KEPCO's
Energy Valley R&D Centre, Naju City, Korea 
    ** IES says advance payment for batteries delivered under
the order is due in 2022
    ** Including session's gains, stock down more than 46% YTD
 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))