Invinity Energy Systems (IES)

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 94.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 230.00p
  • 52 Week Low: 75.00p
  • Currency: UK Pounds
  • Shares Issued: 95.54m
  • Volume: 20,554
  • Market Cap: £89.81m
  • RiskGrade: 324
  • Beta: 0.54

Invinity energises first phase battery cluster at Energy Superhub Oxford

By Josh White

Date: Thursday 14 Oct 2021

LONDON (ShareCast) - (Sharecast News) - Vanadium-flow battery technology company Invinity Energy Systems announced on Thursday that the 1.7 MWh first phase of the flow battery at the Energy Superhub Oxford (ESO) project was now installed and energised.
The AIM-traded firm said the battery cluster, comprising nine Invinity VS3 flow batteries, would have enough capacity to serve the daily electricity needs of more than 200 UK households.

It said energising the cluster - the first of three that would ultimately deliver a total of over five MWh, was an "important milestone" in the ongoing commissioning process of what would be the UK's largest flow battery.

Invinity personnel were currently on site making final preparations for the delivery of the second cluster of VS3s, expected shortly.

The company said it was working with its project partners - developer Pivot Power, part of EDF Renewables, as well as global technology company Wartsila, battery trading platform Habitat Energy and power electronics supplier Gamesa Electric - to commission the full system in preparation for service delivery to the UK grid.

"Energizing phase one of our Energy Superhub Oxford installation is the first step toward demonstrating externally what we ourselves know to be true - Invinity is in a lead position toward providing a compelling alternative to lithium batteries for stationary storage," said chief executive officer Larry Zulch.

"Persevering in the face of delays from global events, our team's dedication and focus on moving this vital project towards completion has been an inspiration."

At 1620 BST, shares in Invinity Energy Systems were up 8.99% at 103p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IES Market Data

Currency UK Pounds
Share Price 94.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 230.00p
52 Week Low 75.00p
Volume 20,554
Shares Issued 95.54m
Market Cap £89.81m
Beta 0.54
RiskGrade 324

IES Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
31.56% above the market average31.56% above the market average31.56% above the market average31.56% above the market average31.56% above the market average
18.81% below the sector average18.81% below the sector average18.81% below the sector average18.81% below the sector average18.81% below the sector average
Price Trend
50.6% below the market average50.6% below the market average50.6% below the market average50.6% below the market average50.6% below the market average
38.05% below the sector average38.05% below the sector average38.05% below the sector average38.05% below the sector average38.05% below the sector average
Income Not Available
Growth
2.94% above the market average2.94% above the market average2.94% above the market average2.94% above the market average2.94% above the market average
7.55% above the sector average7.55% above the sector average7.55% above the sector average7.55% above the sector average7.55% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
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IES Dividends

No dividends found

Trades for 02-Dec-2021

Time Volume / Share Price
16:16 73 @ 93.35p
15:53 1,996 @ 92.00p
15:44 100 @ 93.35p
13:41 30 @ 92.00p
13:21 10 @ 93.40p

IES Key Personnel

CFO Peter Dixon Clarke

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