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The sleuth that is economist2023 some days ahead of today's RNS. Top job.

FS

A paper on Data Centre Energy requirements was published today by Longspur Research. Not much on storage, Invinity and Endurium not mentioned, but insofar as it affects Invinity and Endurium, the paper's conclusion could be summarised as: the paper supports VFBs (i.e. Endurium) as a necessary second-layer solution in data-centre power systems - commercially relevant in the mid-2020s, but not immediately dominant.

FS

IMO today's RNS confirms that the company is being competently lead by good management, with a realistic strategy in a difficult market.

Just a minute and a half video of how batteries are - and will be - an important and likely growing part of the US grid - with Texas as an interesting example.

https://www.bloomberg.com/news/videos/2026-01-23/opinion-ice-storm-will-test-the-grid-s-batteries-video

FS

Sp2021 - and this is the link - https://www.investxiamen.org.cn/detail_en/12307.html?utm_source=chatgpt.com

FS

A report on the InvestXiamen website (the official portal of the Xiamen Municipal Bureau of Investment Promotion) states that on 20 January 2026, a UK business delegation visit to the CIFIT Organizing Committee included a signing in which UK-based Invinity Energy Systems signed an agreement with Xiamen C&D to establish an “intelligent manufacturing center for energy storage batteries” in Xiamen.

No RNS yet of course

FS

With operations and partnerships spanning the UK & Europe, Canada, China, India, the US, and beyond, Invinity is accomplishing something few LDES companies ever manage: simultaneously tackling policy, manufacturing, finance, credibility, and scale. Execution remains critical - hugely so - but the company’s setup and strategy do appear intentional, coherent, and unusually well diversified.

I think the moment is arriving (hopefully) where the narrative shifts from “Will this work?” to “Where does this work first - and how big does it get?”

Fingers crossed.

FS

On 20 January 2026, the British Consul-General in Guangzhou, Sarah Mann, led a UK business delegation to visit the organizing committee of the China International Fair for Investment and Trade (CIFIT).

Per the Invest Xiamen website here :

https://www.investxiamen.org.cn/detail_en/12307.html

“ UK-based Invinity Energy Systems signed an agreement with Xiamen C&D to establish an intelligent manufacturing center for energy storage batteries. “

NY City considers six‑month ban on Battery Energy Storage Systems:

https://ctif.org/news/ny-city-considers-six-month-ban-battery-energy-storage-systems

FS

Https://podcasts.apple.com/gb/podcast/ceo-jonathan-marren-beyond-lithium-solving-wind-energy/id1768249172?i=1000745977279

FS

Extract from today’s Guardian, article titled: “Over-reliance on China could hit UK energy supply chains putting 90,00 jobs at risk”

Comments include ...

Tens of thousands of jobs could be lost if the UK’s clean energy supply chains were to suffer a shock as a result of an over-reliance on China ...

A delay to the supply of solar components and batteries could also delay the rollout of solar farms ...

... underlines growing concerns over the UK’s reliance on Chinese supply chains amid widespread geopolitical upheaval ...

Maybe we should buy batteries made here in the UK and not in China? Any thoughts?

FS

Yesterday contracts were awarded to eight new offshore farms after ministers doubled the amount of funding available to developers to help them produce projects worth £22bn. Windfarms need batteries.

And on the Invinity website there are vacancies in Vancouver for 9 positions including at Senior Director and VP level. I guess they are expecting a bright future too.

FS

New Note from VSA Capital on Invinity issued today. Largely repeats known facts, sets a positive tone, and confirms a valuation of 83p per share.

FS

Taking a break from the weekend FT reading to look at recent trading in Invinity, specifically the sizeable block volumes toward the end of trading on 5th and 9th January.

Without going into all the prompts and caveats, I ran the data past ChatGPT and the high-level takeaway was:

Based on the observed trade structure, pricing behaviour, and repetition across sessions — and acknowledging the limited sample — there is a moderate-to-high probability (c. 60–70%) that the activity reflects institutional accumulation, consistent with positioning ahead of a potential positive re-rating, rather than routine liquidity or distribution.

Posted purely for interest, not advice. DYOR, DOR, and all the other usual acronyms apply.

FS

But accoring to Google : Delta Electronics primarily uses advanced Lithium-ion (Li-ion) batteries, particularly Lithium Iron Phosphate (LiFePO4), for their high energy density, long life, and safety in critical applications like data centers, telecom, and energy storage systems (ESS). They integrate these with sophisticated Battery Management Systems (BMS) for optimal performance, often sourcing cells from partners like LG Energy Solutions for specific products, while also developing their own integrated battery solutions for diverse needs.

FS

And I forgot to mention yesterday - I haven't visited Invinity's website for a while - so maybe its a refresh that's been in place for a bit and I haven't noticed - but the site does seem improved, more interesting, more informative, more "punchy", more professional.

https://invinity.com

FS

More interesting information on Copwood here:

https://invinity.com/case-study-invinity-copwood-vfb-energy-hub/

FS

Interesting comments from this weekend's FT on an article about Tesla and batteries - commenting that while Tesla is losing out in the car race it is more than holding its own in the grid storage market. And that while Chinese batteries are cheaper - Tesla still holds 39% of the US grid battery market.

The points they make are ... hardware is not the full package, the offering needs software, grid integration and long term service in a single offering ... and that as storage projects grow in scale and are more embedded, prices may become less important than integration capabilities and the provider's record.

FS

Interesting comments from this weekend's FT in an article about Tesla and batteries - commenting that while Tesla is losing out in the car race it is more than holding its own in the grid storage market. And that while Chinese batteries are cheaper - Tesla still holds 39% of the US grid battery market.

The points they make are ... hardware is not the full package, the offering needs software, grid integration and long term service in a single offering ... and that as storage projects grow in scale prices and are more embedded, prices may become less important than integration capabilities and the provider's record.

Disappointed with the likely 2025 revenue outcome, which I recall being indicated at up to £25m if everything went well. On that basis, I don’t fully understand the comment that revenues are in line with previous guidance - though my memory may be imperfect.

There also seems to be some uncertainty, or perhaps just timing, around UESNT, and I note there’s no reference to Everdura - I’ll wait for clarification on both.

That said, the new sales, business momentum, and overall tone are positive. And given the size of individual deals, relatively small timing slips can have a material impact on revenue recognition, so this isn’t a major concern for me at this stage.

My view is broadly unchanged: near-term performance will be driven by Cap & Floor, while in the medium term there is clear potential for continued progress in the US. China and India remain uncertain and unproven in terms of signed contracts and shipments, but both represent very large opportunities.

Momentum is being sustained, potential remains significant, but uncertainties persist. In the real world – so far so good.

2026 will be a big year.

FS