Invinity Energy Systems PLC 1.1 MWh Sale for Taiwanese National Laboratory
03 Octobre 2023 - 8:00AM
RNS Non-Regulatory
TIDMIES
Invinity Energy Systems PLC
03 October 2023
3 October 2023
Invinity Energy Systems plc
("Invinity" or the "Company")
1.1 MWh Sale for Taiwanese National Technology Laboratory
Invinity technology to be evaluated for use in national
infrastructure projects
Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX:
IESVF) a leading global manufacturer of utility-grade energy
storage , is pleased to announce a 1.1 MWh sale to Taiwan's
National Applied Research Laboratories ("NARLabs").
The project will see five Invinity VS3 vanadium flow batteries
("VFBs") with a combined capacity of 1.1 MWh installed inside a
building at the NARLabs laboratory in Taipei. The VFBs will be used
to offset electricity use at the facility during peak times and
provide back-up in the event of a power outage. NARLabs will also
perform validation testing on Invinity's technology with the
intention of verifying the performance and safety of the Company's
batteries in order that they may be specified into future Taiwanese
energy infrastructure projects.
The batteries have been procured on behalf of NARLabs by
Taiwanese engineering, procurement and construction company
NeoSurfing Industrial, who will undertake the installation,
commissioning and ongoing maintenance of Invinity's battery for the
duration of the project.
Taiwan aims to have 27 GW of installed capacity coming from
renewable sources by 2025. Recent power outages and the need to
increase resiliency in the grid means Taiwan Power Company
("Taipower") is investing US$16.6 billion to decentralise power
grids and increase transmission stability. Additionally, with
limited new land area available for new energy developments, the
ability to deploy safe and reliable batteries, within buildings and
in built-up urban environments, is an important consideration.
Delivery of the Invinity batteries is expected to commence in Q4
2023. The contract was included as part of the Company's Base
category in its most recently disclosed commercial pipeline.
Matt Harper, Chief Commercial Officer at Invinity said:
"Invinity are extremely excited to see NARLabs demonstrate the
capabilities our VFBs can deliver to the Taiwanese grid and beyond.
Regional demonstrations like this help us and our customers work
side-by-side to fully unlock our batteries' potential, proving we
can deliver safe, long-duration and high-throughput energy storage
that goes above and beyond the limited services possible using
lithium solutions. "
Stay up to date with news from Invinity. Join the distribution
list for the Company's monthly investor newsletter here .
Enquiries :
Invinity Energy Systems plc +44 (0)20 4551 0361
Jonathan Marren, Chief Financial Officer and
Chief Development Officer
Joe Worthington, Director of Communications
Tavistock (Financial PR Advisor) +44 (0)20 7920 3150
Simon Hudson / Charles Baister 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 over 70 MWh of systems already deployed or
contracted for delivery across over 79 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 in the UK on AIM and AQSE and
trades in the USA on OTCQX.
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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