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Pin to quick picksInvinity Energy Share News (IES)

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Invinity Energy Systems shares jump on EMEC project installation

Thu, 18th Aug 2022 10:29

(Alliance News) - Invinity Energy Systems PLC on Thursday said it has successfully delivered, installed and energised a battery system at the European Marine Energy Centre hydrogen research & development facility.

Shares in the London-based energy storage company were up 15% to 52.50 pence each in London on Thursday morning.

The 1.8 megawatt per hour battery system comprises 48 Invinity VS3 battery modules. It has been installed at EMEC's hydrogen research & development facility on the island of Eday in the Orkney Islands, UK.

Manufactured at Invinity's facility in Bathgate, West Lothian, the company said that the battery system was delivered in stages via road and ferry to the island located off the north coast of Scotland.

Invinity added that the battery system has a combined capacity equivalent to the daily energy consumption of over 210 UK households and will also help optimise green hydrogen production at EMEC's hydrogen production plant.

"Tidal generation is predictable yet variable, with two high and two low tides occurring each day. Once the integrated system has been fully commissioned, the battery will 'smooth' the power from the tidal generation by storing during high power periods and releasing during low power periods to ensure EMEC's 670 kilo watt hydrogen electrolyser has a stable, renewable power supply, allowing the continuous production of green hydrogen," Invinity explained.

It added that the project is in its final commissioning phase with integration of the tidal turbine and electrolyser expected to complete shortly. Full demonstration of the integrated system is expected to take place in autumn.

Chief Executive Officer Larry Zulch said: "This first of a kind project at EMEC illustrates the important role that Invinity's vanadium flow batteries can play in the net zero energy system of the future. Now that our batteries are installed and energised, we look forward to fully demonstrating their capabilities once the integrated green hydrogen project goes live later this year."

By Sophie Rose; sophierose@alliancenews.com

Copyright 2022 Alliance News Limited. All Rights Reserved.

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