Less Ads, More Data, More Tools Register for FREE

Pin to quick picksInvinity Energy Share News (IES)

Share Price Information for Invinity Energy (IES)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 22.00
Bid: 21.50
Ask: 22.50
Change: 0.70 (3.29%)
Spread: 1.00 (4.651%)
Open: 21.30
High: 22.25
Low: 21.30
Prev. Close: 21.30
IES Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Invinity Energy sells flow battery system to Hyosung Heavy Industries

Tue, 13th Dec 2022 11:37

(Alliance News) - Invinity Energy Systems PLC on Tuesday said it is selling a 1.5 megawatt per hour VS3 flow battery system to Hyosung Heavy Industries Corp for an undisclosed sum.

The system will be used by Korea Electric Power Corp, the national electricity utility of South Korea.

VS3 is "the core building block of Invinity's energy storage systems", the company explains on its website.

Invinity, a London-based utility-grade energy storage manufacturer, said an advance payment for the order is due this year, while it expects to deliver the VS3s by the end of the first half of 2023. It anticipates remaining revenue associated with the project to be recognised in the second half of 2023.

Invinity Energy Systems shares were up 20% to 54.70 pence each on Tuesday morning in London.

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2022 Alliance News Ltd. All Rights Reserved.

More News
13 Dec 2022 12:14

LONDON MARKET MIDDAY: Stocks up as focus shifts to US inflation data

(Alliance News) - Stock prices in London edged into the green around midday on Tuesday as markets were in wait-and-see mode ahead of a key inflation reading for the US economy.

Read more
1 Dec 2022 16:53

LONDON MARKET CLOSE: Stronger pounds scuppers FTSE 100 gains

(Alliance News) - Stock prices in London mixed on Thursday, as relief that US interest rate hikes look set to slow was offset by weak economic data, and a stronger pound held back the FTSE 100 index.

Read more
1 Dec 2022 14:30

TRADING UPDATES: Mortgage Advice expects profit below expectations

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

Read more
22 Nov 2022 22:01

TRADING UPDATES: Baillie revenue falls; Great Southern finds targets

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

Read more
21 Nov 2022 14:20

IN BRIEF: Invinity Energy enters Taiwan through resale agreement

Invinity Energy Systems PLC - London-based utility-grade energy storage manufacturer - Announces 2.2 megawatt-hour battery sale to Bei Ying International Corp Ltd, a Taiwanese industrial equipment wholesaler.

Read more
21 Oct 2022 16:52

TRADING UPDATES: Custodian REIT sells GBP9.3 million shopping centre

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Friday and not separately reported by Alliance News:

Read more
13 Oct 2022 14:27

Invinity secures largest project to date with California battery

(Alliance News) - Invinity Energy Systems PLC on Thursday said it is helping to develop a new micro-grid project as part of a consortium led by Indian Energy LLC, an entirely Native American-owned micro-grid developer in California.

Read more
12 Oct 2022 12:49

Invinity makes first battery sale into Europe

(Sharecast News) - Utility-grade energy storage manufacturer Invinity announced the sale of a 0.8 MWh Invinity VS3 flow battery system to Equans Belux on Wednesday, for use at one of their sites in Belgium.

Read more
12 Oct 2022 11:18

AIM WINNERS & LOSERS: Physiomics wins deal; DeepVerge eyes cash raise

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

Read more
12 Oct 2022 10:50

Invinity Energy makes European debut with VS3 battery-system sale

(Alliance News) - Invinity Energy Systems PLC on Wednesday entered the European market following the sale of one of its battery systems to Equans Belux, a Belgian multi-technical installations and maintenance services provider.

Read more
7 Oct 2022 11:51

IN BRIEF: Invinity Energy sells battery system to provide power in US

Invinity Energy Systems PLC - London-based energy storage company - Sells a 1.3 megawatt-hour Invinity VS3 flow battery system to Kinetic Solutions LLC to use in a microgrid, providing power to a data center in Arizona, US. The sale is for an undisclosed sum. Says the battery system will be installed alongside a 400 kilowatt-hour of solar PV at a data center. Kinetic will use the Invinity battery system to operate the data center on renewable power 24 hours a day, 7 days a week and mitigate the effects of power outages. Expects shipment of the battery solution for early 2023.

Read more
7 Oct 2022 11:10

Invinity gets order for data centre battery system

(Sharecast News) - Utility-grade energy storage company Invinity announced the sale of a 1.3 MWh 'VS3' flow battery system to Kinetic Solutions on Friday, for use in a microgrid providing around-the-clock power to a data centre in Arizona.

Read more
5 Oct 2022 18:04

TRADING UPDATES: Reabold says Shell strikes Corallian deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued since last week Thursday and not separately reported by Alliance News:

Read more
29 Sep 2022 10:33

IN BRIEF: AFC Energy to hire Invinity Energy Systems CFO as new CFO

AFC Energy PLC - Surrey-based hydrogen power generation technologies provider - Intends to hire Peter Dixon-Clarke as its new chief financial officer. Says will announce when his appointment will be effective in due course. Dixon-Clarke has been involved in equity fundraising, debt financing and refinancing and strategic roles and reorganising financial teams and systems, AFC Energy says.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.