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From about 3 mins 55 secs mentions Invinity.

FS

The SEC release refers to "validating performance" - maybe that is the relevant point here - against a possibly uncertain background.

FS

But what about this ?

Eos Energy stock rebounds after major UK energy storage order

https://uk.investing.com/news/stock-market-news/eos-energy-stock-rebounds-after-major-uk-energy-storage-order-93CH-4339844

FS

To me the update continues to show the company is being disciplined and sensible in cutting costs, simplifying the business, and managing cash well despite tough markets. And I guess it’s a solid performance in difficult conditions, with the focus still mainly on saving money rather than growing. I am reassured by the stability, but still looking for clearer signs of real growth and stronger momentum ahead. More waiting, I guess.

FS

NotBot - To be truthful – not my research – came from the OT

FS

A couple of days ago the Faraday Institute issued a report titled Market and Technology Assessment of Flow Batteries for Developing Economies. A summary reads:

VFBs as the most commercially ready, safe, and climate-resilient long-duration energy-storage technology for developing economies. Their lower efficiency and energy density are offset by superior lifetime, fire safety, transportability, and heat tolerance.

VFBs are viewed as the benchmark FB technology and the most immediate candidate for deployment in hot-climate, infrastructure-challenged markets such as India, South Africa, Indonesia, and Kenya.

FS

AR2812: The video describes a "break though" for zinc ion batteries that (in summary) is the result of a high charge rate. Don't see how this would affect Invinity's position in their "renewables market". (But not a techie so happy to be corrected).

FS

ChatGPT’s take on the 9th October Ofgem document reads as follows:

In short: Invinity’s Endurium mitigates nearly all the classic flow-battery penalties that Ofgem’s model would otherwise penalise, without losing its long-life and residual-value strengths.

For projects ≥6 h duration and multi-decadal operation, it should benchmark materially ahead of Li-ion in the cap-and-floor model — provided the submission includes verified performance data, a credible vanadium-value strategy, and a financing plan demonstrating mainstream debt appetite.

FS

Appointment of a joint corporate broker signals something going on? Could be Synthomer positioning itself for one or more capital markets transactions in the next 6–12 months, aimed at deleveraging and restoring investor confidence ahead of covenant expiry timelines?

FS

Aligning in the USA. But all those Lithium ion batteries previously destined for the USA have to go somewhere, likely at low prices. Could impact - say India?

SimonV’s link leads to a pv magazine article, which in turn references a longer ESS article at:

https://www.ess-news.com/2025/09/29/us-startup-unveils-zinc-polyiodid-redox-flow-battery-with-energy-density-of-320-wh-l/

Below is an extract from the ESS article (relevant to Invinity) describing a new “BESSt” battery:

“As for the largest system, conceived for industrial and utility-scale project, is expected to have a power rating of 200 kW to 2.4 MW, a storage capacity of 400 kWh to 1,600 kWh, and an average ‘multi-day’ use.”

For context, the full Endurium system from Invinity is claimed to span power ratings of roughly 3 MW to 100+ MW, and energy storage capacities from 10 MWh up to 1 GWh (i.e., orders of magnitude larger).

I am not a techie so I hope I have got this right.

FS

Solid progress, good cash position, positive outlook.

Back of the envelope GW / GWh for potential Invinity batteries looking very promising.

FS

And Eligibilty Assessment here:

www.ofgem.gov.uk/sites/default/files/2025-09/LDES%20Eligibility%20Assessment%20Outcome.pdf

FS

Sets out the framework under which eligible Long Duration Electricity Storage (LDES) projects will be assessed for window 1 of the cap and floor regime.

See here:

https://www.ofgem.gov.uk/guidance/ldes-project-assessment-multi-criteria-assessment-mca-framework

This framework affects flow batteries by requiring them to compete on cost and system benefits, but it also creates openings where their unique strengths (long life, duration, deep cycling, system operability services) can be recognised. They may especially benefit from the technology diversity criterion and from being able to argue for longer financial regimes that reflect their multi-decade lifetimes. (Per ChatGPT)

FS

Another small step - More encouraging news - Further momentum

FS

Markerscreener and my friend ChatGPT estimates that about 35% of Synthomer's revenue is EU - just as an order of magnitude indicator.

Hi tipisatap,

My thoughts are:

Management’s statements are positive and supported by visible opportunities - for example, the current Cap and Floor round, Killellan, the new Bathgate line, and the recent increase in manufacturing hires. The announcement of new partners, such as the Consortium in China, adds further weight. These are all encouraging signs, and even if only some of the opportunities materialise, they could translate into sizeable orders.

Like many large equipment manufacturers, Invinity faces steady, predictable cash outflows but uneven inflows, and I believe cash levels are currently low. While I don’t have visibility on the exact runway, it seems clear that significant funding will be needed around Cap and Floor and beyond. Given this, and the FD’s experience, I’m confident the proposed funding is both necessary and appropriate - and I support it. More importantly, securing this bridge is critical for the Company to move through Cap and Floor successfully and into the stage where opportunities convert into orders, contracts, upfront developer payments, and eventually debt financing. That’s when the financial landscape truly changes.

Of course, these are just my interpretations of indicators rather than facts, so there is risk - but I see a lot of reason for optimism.

I think / suspect Invinity need about £20m to get through Cap and Floor – and if they secure real contracts (not just opportunities), the outlook and share price would change substantially. I don’t know what other funding routes were explored, but if this is the best option, so be it.

Atri bring experience and connections, even if their past isn’t spotless, and they may be a long-term partner. Artha focus on distressed debt – they may move on once they’ve made their return, but hopefully they see real value here.

And if Invinity get through not just Cap and Floor - but Cap and Floor with credible partners in India, China, and maybe the US - it would be another level up. Dilution is a price I’m willing to accept for this opportunity.

From what I see, the choice is a simple yes or no – and I’ll currently be voting yes. Keen to hear others’ views.

Should help Invinity too:

https://uk.investing.com/news/stock-market-news/catl-shares-surge-on-chinas-plan-to-nearly-double-new-energy-storage-4262104

FS