Invinity Energy Systems Reports 2024 Financial Results and Strategic Developments

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

Invinity Energy Systems announced its 2024 financial results, highlighting a strategic shift from its VS3 to the new ENDURIUM battery, which has already begun generating revenue. The company achieved a 24% cost reduction on the ENDURIUM product and saw a significant increase in average deal size, indicating strong market demand. The ENDURIUM battery, launched in December 2024, is designed to meet the growing need for long-duration energy storage, essential for stabilizing renewable energy sources. Invinity also announced the cancellation of its AQSE listing, retaining its AIM listing on the London Stock Exchange. The developments underscore Invinity’s positioning at the forefront of the energy storage industry, with significant progress in product development and market penetration.

The most recent analyst rating on (GB:IES) stock is a Buy with a £65.00 price target. To see the full list of analyst forecasts on Invinity Energy Systems stock, see the GB:IES Stock Forecast page.

More about Invinity Energy Systems

Invinity Energy Systems plc is a global manufacturer specializing in vanadium flow batteries designed for large-scale, high-throughput energy storage. These batteries are particularly suited for renewable energy applications, offering a long lifespan of over 25 years without degradation. The company operates in major energy storage markets worldwide, including the UK, Canada, USA, and China, and was formed in 2020 through the merger of redT energy plc and Avalon Battery Corporation.

Average Trading Volume: 1,284,449

Technical Sentiment Signal: Sell

Current Market Cap: £68.29M

See more data about IES stock on TipRanks’ Stock Analysis page.