Invinity Energy Systems Announces Mid-Year Results

Invinity Energy Systems (GB:IES) has released an update.

Invinity Energy Systems has reported its mid-year financials with a total income of £1.6 million and an operating loss of £11.4 million, following a £57.4 million fundraising effort. The company announced the sale of a 1.2 MWh Mistral battery system to Gamesa Electric and highlighted the upcoming commercial launch of its next-generation product by year-end. With a robust pipeline and a focus on long-duration energy storage, Invinity is setting its sights on corporate goals and operational efficiencies for the remainder of 2024 and beyond.

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