Successful Launch of ENDURIUM
Invinity successfully launched its ENDURIUM product, critical for advancing commercial success. The product was shipped to Gamesa, receiving positive feedback and performing well.
Cost Reduction Achievements
The company has managed to reduce the cost of ENDURIUM by 24% since its first launch and aims for a 70% reduction by 2030, enhancing competitiveness against lithium-ion batteries.
Strategic Partnerships and Market Opportunities
Invinity is engaged with strategic partners like Everdura and exploring new partnerships in regions such as India. The company is positioning itself to benefit from large-scale government programs that favor non-lithium storage technologies.
Strong PR and Industry Recognition
Invinity received positive media coverage, including a feature on ITV News and a leadership piece in a Scottish national newspaper, highlighting the growing importance of battery storage.
Revenue Forecasts and Project Pipeline
Projected revenue for 2025 is covered by four major projects, and there is a robust pipeline for 2026, including DOE programs and solicitations from the California Energy Commission.