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Invinity Energy Systems PLC - London-based utility-grade energy storage manufacturer - Sells 0.2 megawatts per hour VS3 flow battery system to VSUN Energy, a wholly owned subsidiary of Australian Vanadium Ltd. Says battery system will be for use by Australian power provider, Horizon Power. Horizon owns and operates 34 microgrids across Western Australia. Horizon will pilot the VS3 battery at its microrigid project in Kununurra, Western Australia. Invinity says project delivery is expected to start in late 2023.
Invinity Chief Commercial Officer Matt Harper says: "Invinity is pleased to be supplying our proven and commercialised vanadium flow battery technology, that has important Australian roots, for VSUN and Horizon Power who are spearheading the use of alternative-to-lithium batteries for energy storage in Australia."
Current stock price: 48.13 pence, up 0.3% on Friday
12-month change: up 30%
By Sabrina Penty, Alliance News reporter
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