TIDMIES
Invinity Energy Systems PLC
28 July 2023
28 July 2023
Invinity Energy Systems plc
("Invinity" or the "Company")
0.2 MWh Pilot Project with Australian Energy Utility
Invinity VS3 battery will be evaluated by Horizon Power,
Australia's largest regional energy provider, for long duration
energy storage microgrid projects
Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX:
IESVF) a leading global manufacturer of utility-grade energy
storage , is pleased to announce the sale of a 0.2 MWh Invinity VS3
flow battery system to VSUN Energy ("VSUN"), a wholly owned
subsidiary of Australian Vanadium Limited (ASX: AVL), for use by
leading Australian power provider Horizon Power ("Horizon").
The microgrid project will see Horizon, a state government owned
energy utility company responsible for generating, procuring,
distributing and retailing electricity to residential, industrial
and commercial customers across Western Australia, evaluate the
role that Invinity's vanadium flow batteries can play in reducing
fossil fuel consumption for distributed electricity networks.
Horizon owns and operates 34 microgrids, serving over 100,000
people and more than 10,000 businesses across Western
Australia.
The battery will be located at a Horizon power site in
Kununurra, Western Australia. VSUN will undertake the installation,
commissioning and ongoing maintenance of the energy storage system.
Delivery is expected to commence in late 2023. The contract was
included as part of the Company's Base category in its most
recently disclosed commercial pipeline.
Stephanie Unwin, Chief Executive Officer at Horizon Power
said:
"Long duration energy storage provides backup power during times
of peak demand or when the power supply is interrupted, storing
high volumes of excess energy when demand is low and the ability to
shift energy storage into the night. It can also minimise the need
for costly fossil fuel generation and grid infrastructure
upgrades.
The VFB is specifically designed to deliver large amounts of
energy over a long period of time and is temperature resilient -
which is critical for our unique regional and remote networks.
This is an exciting trial which will allow us to increase our
understanding of the technology in a regional energy system and its
ability to provide long periods of 100% renewable energy."
Graham Arvidson, Chief Executive Officer at Australian Vanadium
said:
"This is the first contracted VFB project for an Australian
energy utility. VSUN Energy has been actively pursuing
opportunities for VFB deployments and is seeing an increased
interest from all energy sectors for this proven, commercialised
and effective energy storage technology which uses vanadium at its
core. Horizon Power has chosen to be one of the early movers in
Australia in support of a technology game changer for the many
microgrids in the country. Horizon Power's support of the VFB
technology will also assist AVL and VSUN Energy's planned vertical
integration "pit to battery" strategy. Future VFB projects in
Australia will not only be deployed locally, but have significant
local content, including AVL's vanadium electrolyte from its plant
which is currently under construction in Wangara, Western
Australia."
Matt Harper, Chief Commercial Officer at Invinity said:
" Due to their durability, safety and reliability, vanadium flow
batteries have a vital role to play in reducing the use of fossil
fuels in power generation, particularly in remote communities.
Invinity is pleased to be supplying our proven and commercialised
VFB technology, that has important Australian roots, for VSUN and
Horizon Power who are spearheading the use of
alternative-to-lithium batteries for energy storage in
Australia."
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 Development Officer and
Interim CFO
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 65 MWh of systems already deployed or
contracted for delivery across over 70 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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