Invinity Energy Systems (GB:IES) has released an update.
Invinity Energy Systems, a leading vanadium flow battery manufacturer, reports a £1.6m total income and £11.4m operating loss for H1 2024, in line with guidance. The company highlights a new sale of a 1.2 MWh system to Gamesa Electric in Spain and emphasizes its strategic growth with enhanced UK manufacturing capabilities and upcoming product launches. With a £25m investment from the UK Infrastructure Bank and positive outlooks for long-duration energy storage, Invinity is setting corporate goals for 2025, including a focus on operational efficiency and market expansion.
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