Invinity boosts U.S. expansion with senior hire and planned manufacturing plant

Invinity Energy Systems ( (GB:IES) ) has provided an announcement.

Invinity Energy Systems has strengthened its U.S. commercial push by appointing industry veteran Shane McBee as Vice President of Business Development, adding three decades of energy storage, chemical and engineering experience to its global business development team. Based in Atlanta, McBee will focus on accelerating Invinity’s U.S. and global sales efforts, building on recent traction that includes a 12 MWh order from Pacific Northwest National Labs, and the commissioning of vanadium flow battery projects at Viejas Resort and Casino and for EDF Renewables’ Powerflex in Southern California. The company remains on track to open a U.S. manufacturing facility this year to complement its existing service base in California, a move intended to meet domestic content rules tied to enhanced Investment Tax Credits and to capture Production Tax Credits, while ensuring compliance with Foreign Entity of Concern rules. This combination of senior commercial hire, growing U.S. project pipeline and local manufacturing is intended to enhance project economics for customers, improve bankability for long-duration storage projects, and solidify Invinity’s position in one of the world’s largest and fastest‑growing energy storage markets.

The most recent analyst rating on (GB:IES) stock is a Hold with a £19.50 price target. To see the full list of analyst forecasts on Invinity Energy Systems stock, see the GB:IES Stock Forecast page.

Spark’s Take on GB:IES Stock

According to Spark, TipRanks’ AI Analyst, GB:IES is a Neutral.

Invinity Energy Systems’ overall stock score is primarily impacted by its poor financial performance, with significant losses and negative cash flow. While technical indicators and valuation metrics are weak, recent strategic initiatives and corporate events provide some positive outlook. The company’s ability to execute on its strategic plans and improve financial metrics will be crucial for future performance.

To see Spark’s full report on GB:IES stock, click here.

More about Invinity Energy Systems

Invinity Energy Systems is a UK AIM‑quoted manufacturer of vanadium flow batteries designed for large-scale, high‑throughput energy storage for businesses, industry and electrical networks. Its factory-built systems, which can operate for more than 30 years without degradation, target demanding renewable energy applications and can scale from 1 MWh to hundreds of MWh. Formed in 2020 through the merger of redT energy and Avalon Battery, the company has over 190 MWh of systems deployed, contracted or awarded across more than 90 sites in 17 countries, with operations in the UK, Canada, the US and China.

Average Trading Volume: 690,244

Technical Sentiment Signal: Hold

Current Market Cap: £112.3M

Learn more about IES stock on TipRanks’ Stock Analysis page.