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The latest update is out from Invinity Energy Systems ( (GB:IES) ).
Invinity Energy Systems has announced that its ENDURIUM batteries have been selected by nine UK energy storage developers for bids in the UK’s LDES Cap & Floor Scheme. This selection highlights the confidence in Invinity’s technology and positions the company to potentially secure significant orders, which could impact its future trading positively. The scheme aims to support the expansion of long-duration energy storage assets and create manufacturing jobs in the UK. While the outcome of the bids is not guaranteed, the interest from developers underscores Invinity’s strong market positioning. Additionally, Invinity is actively pursuing commercial opportunities across North America, Europe, and Asia.
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 built to last over 25 years without degradation, making them ideal for demanding renewable energy applications. Invinity was formed in 2020 through the merger of redT energy plc and Avalon Battery Corporation and operates in major global energy storage markets including the UK, Canada, USA, and China.
Average Trading Volume: 1,098,477
Technical Sentiment Signal: Buy
Current Market Cap: £97.36M
Find detailed analytics on IES stock on TipRanks’ Stock Analysis page.