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IN BRIEF: Invinity shares rise on new Mistral manufacturing deal
Invinity Energy Systems PLC - London-based utility-grade energy storage manufacturer - Announces new strategic manufacturing agreement with Taiwanese partner Everdura Technology Co Ltd. Everdura will undertake domestic manufacturing of Invinity's 'Mistral' vanadium flow battery product for Taiwanese and other markets. Deal supersedes original partnership proposed in September when Everdura placed a 14.4 megawatt hour pre-order for Mistral. Invinity says Everdura will manufacture VFBs to fulfil orders it intends to secure under the companies' existing reseller agreement, which targets over 255 MWh of product sales over three years.
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