LONDON, UK: Invinity Energy Systems plc, a global leader in utility-grade energy storage, has been awarded a £11m grant from the UK Department for Energy Security and Net Zero under Phase 2 of the Longer Duration Energy Storage Demonstration Competition.
The funding will be used to deploy a 30 MWh vanadium flow battery (VFB), the largest battery ever manufactured in the UK and Invinity’s largest delivery to date.
The VFB is expected to be delivered in 2024 and will be a standalone, grid-connected battery at a key node on the National Grid, offering a range of services to the grid and accelerating the UK’s transition to low-carbon domestic energy sources.
Invinity’s battery technology will provide important network flexibility, and its fast-response and high-throughput characteristics make it well-suited for delivering more than 7 MW of power on demand. The battery will have the ability to deliver full power for a discharge duration of over four hours, making it the largest longer duration battery asset serving the UK grid. The majority of the income receivable under the project is expected to be recognized by Invinity during 2024.
Invinity’s Chief Commercial Officer, Matt Harper, expressed gratitude for the UK Department of Energy Security and Net Zero Energy’s recognition of the importance of longer duration energy storage for grid stability and to making low-cost renewable power available on demand. Harper said that the company is pleased to help improve the UK’s energy security, demonstrate UK leadership in energy technology, and support UK industry and jobs. The award represents a critical step in Invinity’s journey from development stage to a commercial supplier of batteries critical to the global path to net zero.
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.
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