RCS - Invinity Energy Sys - Scotland's Energy Secretary Tours Invinity Factory

Invinity Energy SystemsAnnouncement

08/08/2024 09:00

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RNS Number : 6351Z  Invinity Energy Systems PLC  08 August 2024

 

8 August 2024

Invinity Energy Systems plc

 

("Invinity" or the "Company")

 

Scotland's Energy Secretary Visits New Motherwell Facility

Gillian Martin MSP, Scotland's Acting Cabinet Secretary for Net Zero and
Energy, praises Invinity's progress, highlighting the Company's role in
delivering a just transition to net zero

 

Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF) a leading
global manufacturer of utility-grade energy storage, was delighted to welcome
Gillian Martin MSP, the Acting Cabinet Secretary for Net Zero and Energy in
Scotland, to the Company's new Motherwell manufacturing facility yesterday.

 

Above (L-R): Eddie McAvinchey, UK Infrastructure Bank; Jean-Louis Cols, VP of
Global Partner Development and Paul Docherty, VP of Manufacturing Operations,
Invinity; Gillian Martin MSP, Acting Cabinet Secretary for Net Zero and
Energy; Jonathan Marren, Chief Financial Officer and Chief Development
Officer, Invinity

 

Ms. Martin was given a guided tour of the recently opened 26,000 sq.ft
facility and met with key members of Invinity's staff, including a number who
have transitioned from the oil and gas sector. During the visit, Ms. Martin
received updates on the deployment of Invinity's technology in the UK and
around the world and discussed the role that Invinity's products are playing
in accelerating progress towards Net Zero in Scotland and beyond. This is the
second time Ms. Martin has visited an Invinity facility in Scotland, having
previously toured the Company's factory in Bathgate in July 2023.

 

Update on Change of Domicile

 

Separately to the above and further to the announcement on 1 May 2024,
Invinity continues to advance the process of redomiciling the Company from
Jersey to the UK. The required court hearing dates have now been provisionally
scheduled and the Company expects to complete the process during Q4 2024.

 

Acting Cabinet Secretary for Net Zero and Energy, Gillian Martin MSP said:

 

"Scotland is at the forefront of developing the technology required for the
energy transition, including the innovative battery storage that will deliver
real benefits for citizens and support our ongoing efforts for a just
transition to net zero by 2045.

 

I am delighted to see the progress Invinity have made since my last visit,
with this new facility key to the scaling of their production."

 

Jonathan Marren, Chief Financial Officer and Chief Development Officer at
Invinity said:

 

"We are delighted to have once again welcomed Ms. Martin to our facility and
demonstrate Invinity's rapid growth in the 12 months since her last visit. Our
Scottish operations are integral to our global business and we are extremely
grateful for the significant level of engagement received from both the UK and
Scottish Governments in recent times. We applaud the launch of Great British
Energy and the decision to headquarter it in Scotland and look forward to
working with all stakeholders over the coming months to turbocharge the UK's
journey to Net Zero."

 

Stay up to date with news from Invinity. Join the distribution list for the
Company's monthly investor newsletter here
(https://invinity.com/newsletter/?utm_source=iesrns) .

 

Enquiries:

 

 Invinity Energy Systems plc                                             +44 (0)20 4551 0361
 Jonathan Marren, Chief Financial Officer and Chief Development Officer

 Joe Worthington, Director of Communications and Investor Relations

 Tavistock (Financial PR Advisor)                                        +44 (0)20 7920 3150
 Simon Hudson / Saskia Sizen / Adam Baynes                               invinity@tavistock.co.uk (mailto: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 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 UK, Canada, USA, China and Australia. Invinity Energy
Systems plc is quoted in the UK on AIM and AQSE and trades in the USA on
OTCQX.

 

To find out more, visit invinity.com (https://invinity.com/?utm_source=rns) ,
sign up to our monthly Investor Newsletter here
(https://invinity.com/newsletter/?utm_source=iesrns) or contact Investor
Relations on via +44 (0)20 4551 0361 or ir@invinity.com
(mailto:ir@invinity.com) .

 

 

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