Invinity Energy Sys - Invinity Expands UK Manufacturing
Announcement provided by
Invinity Energy Systems plc · IES03/06/2024 07:00
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3 June 2024
Invinity Energy Systems plc
("Invinity" or the "Company")
Invinity Expands
New facility will quadruple Invinity
Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage, is pleased to announce that it has leased an additional manufacturing facility in order to meet the growing demand for long-duration energy storage in the
The 26,000 sq. ft (2,415 m2) facility located in
Invinity expects the
This development represents important progress for Invinity as the Company bolsters its delivery capability to match expected future commercial activity. This manufacturing expansion is in line with Invinity's growth strategy set out as part of the successful
Larry Zulch, Chief Executive Officer at Invinity said:
"We are seeing the market for Long Duration Energy Storage in the
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Enquiries:
Invinity Energy Systems plc |
+44 (0)20 4551 0361 |
Jonathan Marren, Chief Financial Officer and Chief Development Officer Joe Worthington, Director of Communications |
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Tavistock (Financial PR Advisor) |
+44 (0)20 7920 3150 |
Simon Hudson / Saskia Sizen / Adam Baynes |
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
To find out more, visit invinity.com, sign up to our monthly Investor Newsletter here or contact Investor Relations on via +44 (0)20 4551 0361 or ir@invinity.com.
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