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Pin to quick picksInvinity Energy Share News (IES)

Share Price Information for Invinity Energy (IES)

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Sunday share tips: Ceres Power, Invinity Energy Systems

Sun, 25th Jun 2023 15:09

(Sharecast News) - The Sunday Times's Lucy Tobin recommended investors buy Ceres Power in anticipation of imminent revenue growth.

Ceres had seen its share price crash since 2021, most recently due to delays due to regulatory delays in China which were delaying a 'milestone' manufacturing agreement with Weichai and Bosch.

But Tobin pointed out that the deal had only been delayed, not dumped.

Worth noting, the Asian giant was still expected to become Ceres's largest market.

Its technology was also notable with the company working with Shell on solid oxide electrolyser cells that could produce hydrogen 20% more efficiently.

And the company wasn´t scaling the manufacturing process itself, instead it licensed its technology to royalty paying partners.

So revenue growth was imminent as more deals were inked.

Indeed, two factories were set to start producing and selling hydrogen products beginning from the back half of 2024.

Analysts at Panmure Gordon concurred with analyst Lacie Midgley saying: "Ceres today is in a much stronger position than two years ago [when the share price was £15].

"It has that pending China [deal], royalties will be feeding through in under a year, two factories are gearing up - the business is miles ahead."

The Financial Mail on Sunday's Midas column tipped shares of Invinity Energy Systems to readers, predicting that the energy storage engineer's fortunes were set to change.

Invinity Energy Systems was formed via a tie-up of US-based Avalon and AIM-listed vanadium battery producer RedT.

In its previous incarnation, RedT had been a consistent disappointment.

Invinity had recently teamed up with Siemens however to develop Mistral, vanadium flow batteries with upfront costs similar to lithium batteries but lifetime costs that were significantly lower.

And commercial sales were expected from 2024.

Wind power was now the largest source of energy for the UK, but too little wind meant that turbines underperformed, whilst too much wind meant they were asked to stop producing.

That was making renewable energy more expensive that it need be and slowing the energy transition.

Lithium batteries could be used to store power to solve the problem of variable wind speeds, but they were best used for short bursts of power, degraded quickly and were highly flammable.

That was not the case for vanadium flow batteries.

Furthermore, Invinity had already sold more vanadium batteries than any other supplier.

And interest in the company's products was surging with projects under way in Australia, Canada and California.

"Backing a loss-making business is never without risk but Invinity is now working hand in glove with engineering powerhouse Siemens and has attracted support from around the world," Midas said.

"At 35p, the shares should go far."

More News
28 Jul 2023 10:25

Invinity sells battery system for Western Australia microgrid

(Sharecast News) - Energy storage technology specialist Invinity announced the sale of a 0.2 MWh Invinity VS3 flow battery system to VSUN Energy - a wholly owned subsidiary of Australian Vanadium - on Friday.

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19 Jul 2023 10:20

Invinity Energy first half "strong" from project deliveries globally

(Alliance News) - Invinity Energy Systems PLC on Wednesday said it is trading in line with expectations, after performing "strongly" in the year-to-date, driven by the delivery of large-scale projects around the world.

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28 Jun 2023 14:54

EARNINGS UPDATES: Dekel Agri-Vision swings to loss as revenue down

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

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16 Jun 2023 10:55

Invinity upbeat on outcome of 'comprehensive' costs review

(Sharecast News) - Utility-grade energy storage developer Invinity Energy Systems updated the market on its results for 2022 on Friday, reporting that it recently conducted a comprehensive review of the cost associated with fulfilling previously-signed contracts as part of its audit process.

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16 Jun 2023 10:14

IN BRIEF: Invinity Energy eyes annual loss to be better than expected

Invinity Energy Systems PLC - London-based utility-grade energy storage manufacturer that produces batteries for the large-scale requirements of business networks - Says pleased to note significant reduction in the provision for contract losses which was previously recorded. As a result, Invinity expects its reported gross margin loss and pretax loss to be materially better than was anticipated.

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9 Jun 2023 14:34

TRADING UPDATES: Medica shareholders back takeover; Arecor optimistic

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

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9 Jun 2023 11:33

Invinity to deploy first next-generation battery prototype

(Sharecast News) - Invinity Energy Systems announced the upcoming deployment of the first prototype of its next-generation product in British Columbia on Friday.

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1 Jun 2023 11:45

Invinity Energy secures 2.07 MWh sale to Orcas Power in US

(Alliance News) - Invinity Energy Systems PLC on Thursday celebrated a battery sale to Orcas Power and Light Cooperative, to be used in a solar plus storage project.

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25 May 2023 11:19

Invinity Energy secures 0.88 MWh battery sale to Detroit workers union

(Alliance News) - Invinity Energy Systems PLC on Thursday celebrated a battery sale to the Detroit branch of the International Brotherhood of Electrical Workers, for use in a solar storage project.

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12 Apr 2023 10:41

Invinity wins LODES competition, gains GBP11 million for flow battery

(Alliance News) - Invinity Energy Systems PLC said on Wednesday it was awarded a GBP11.0 million grant from the UK Department for Energy Security & Net Zero.

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6 Apr 2023 10:59

Invinity optimistic of success on production progress across projects

(Alliance News) - Invinity Energy Systems PLC on Thursday highlighted its transition from a development company into a commercial supplier, after delivering over 11.4 megawatt-hours of batteries so far this year.

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27 Mar 2023 14:38

TRADING UPDATES: Bradda Head drilling locates high grade lithium

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

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10 Mar 2023 14:21

Invinity makes new UK sale, enters Hungary partnership

(Sharecast News) - Utility-grade energy storage technology developer Invinity Energy Systems announced a new sale in the UK and a commercial partnership in Hungary on Friday.

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10 Mar 2023 10:43

Invinity Energy Systems boasts UK follow-on order and EU partnership

(Alliance News) - Invinity Energy Systems PLC on Friday said it has secured a follow-on sale in the UK with Dawsongroup PLC and also entered into a new EU commercial partnership.

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