Invinity appoints advisory team to target US investment

Invinity appoints advisory team to target US investment

Invinity appoints advisory team to target US investment 706 417 Energy Storage Journal

May 26, 2022: Vanadium redox flow technology company Invinity Energy Systems announced on May 18 it had appointed a corporate advisory team to expand its presence in US commercial and financial markets.

Invinity said EAS Advisors’ initial focus would be on increasing the level of US investor activity for Invinity — working with the company’s joint brokers Canaccord Genuity and VSA Capital.

The move aims to capitalize on Invinity’s status as “one of very few energy storage companies with non-lithium batteries advanced enough that customers have connected them to the grid and are using them to earn revenue”, Invinity said.

CEO Larry Zulch said: “Invinity is well positioned to continue growing our leadership position in long-duration non-lithium energy storage in three of the world’s most exciting markets — the UK, Australia and North America.”

Separately, Invinity said on April 22 that the European Marine Energy Centre (EMEC) had taken delivery of 48 Invinity VS3 modules for a tidal-plus-flow battery project in the Orkney Islands, in the north of Scotland (pictured).

The modules, assembled at Invinity’s Bathgate facility in Scotland, have a combined capacity of 1.8MWh. They are undergoing final installation and commissioning.

Invinity’s system will be used in combination with tidal power to support EMEC’s hydrogen production plant. The battery will smooth the power from the tidal generation to ensure the 670kW hydrogen electrolysers have a stable and continuous power load to optimize production, Invinity said.