Member Info for grsshaw

Lamps56 - I think this this will trade higher quite quickly TBH, let it consolidate around this price and then off again for another jump higher - if that gap fills its may be a quite jump from 13 to 18p!!

As you say, let's see if we get any news soon to help - fingers crossed!

The current set up is looking very positive for a nice share price increase from here by filling that huge gap following the RNS re some delays.

Has enough cash (according to the BOD) no debt and in the right sector for huge growth.

Bears focusing on raising cash, IES has many more trading quarters to see how that works out before we need to worry about raising more cash - focus should be on the current business fundamentals /opportunities.

Good luck all

I am hopeful that they will be launching Mistral a little earlier than was mentioned in the last update and not right at the end of the year. Under promise, over deliver!

IES did say they will focus on Mistral and Gamesa will launch to their clients when they are ready, but some of the recent updates, Gamesa was always going to be later than IES to launch Mistral.

I get the feeling that Larry wanted things to be 100% perfect before launching Mistral along with reduced costs at scale - maybe they are taking a more Elon Musk approach - and get the tech out there to make a start and learn as you go.

This would make sense if the orders are lower for 2025 and building up during 2026 and beyond. If there are any issues these can be sorted quickly and on a smaller scale!

A nice RNS would work wonders for the share price right now!

Looks like this could move higher again very soon!

Https://www.sharesmagazine.co.uk/article/the-little-company-with-big-ambitions-in-energy-storage

Good comms today from IES to confirm the news and how this benefits IES.

Clearly still a seller about and the MM's seem happy to take the shares at these low prices from them. When that seller clears, it will interesting to see the reaction to the share price, but at the moment its very easy to lower the price with low volume sales than it is to increase the price with a few decent buys.

Feeling this will soon move much higher and pretty quickly - well let's hope so anyway....!!

Https://t.co/78Ag3PQ6If

VFB for residential use? Fully understand this is not where IES focus is but I wonder who the reputable stack supplier is for this project, not saying its IES, but it will be interesting to see what happens with residential VFB development.

Page 17

VSUN Energy is developing a prototype of a

residential vanadium flow battery. This product

is of interest to people who are seeking

an alternative to a lithium-ion solution. The

Company has taken the decision to design

its own VFB, with the stacks having been

purchased from a reputable supplier. The

battery will be 5kW/15kWh, providing enough

power to take an average house through the

evening and into the morning until solar power

generation resumes.

I will miss the meeting today as away now until Friday, but lets hope it goes well...

Significant Events Since the End of the Financial Year (continued)

On 16 September 2024, AVL announced the successful completion of factory acceptance testing of

a vanadium flow battery to be installed at a Horizon Power site in Kununurra, Western Australia. The

battery contains vanadium electrolyte manufactured at the Company’s electrolyte manufacturing

facility in Perth, marking the first instance of AVL’s vanadium electrolyte being used in an operational

vanadium flow battery and the first instance of AVL electrolyte being approved for use by a leading

VFB manufacturer, Invinity Energy Systems, meeting stringent quality standards.

Not new news, but good to get a mention!

https://www.australianvanadium.com.au/wp-content/uploads/2024/09/Annual-Report-2024.pdf

Worth a read to see what they are highlighting about the future of VFB's - not saying IES will be one of their main partners, but they are currently working together it seems.

IES are certainly in the right market area with massive growth potential! If Mistral is as good as it appears to be, then this will hopefully secure some large future opportunities in the UK and across the globe when official launched within the next 3 months...

My take on delays are down to launching 'Mistral' and customer deferring orders from VS3 and awaiting for the offical launch.

Most investors seemed to be focused now on cash running out which is well over 12 months away - no debt to worry about and they have enough cash to see where this is going and they are working with leading product/tech and large governments across many countries at quite advanced stages! - Lots can happen in this period if this new battery sector potential is as huge as some are predicting . Plus if orders or future orders in the pipeline are confirmed, then raising money by the way of loans or even financed back for each project then I don't see this as an issue.

Right place, Right time, Right Product (hopefully right price)... Risk, everything has risk, but IES has, IMO, fallen to a silly price and feel this is steal considering the fundamentals when investing in the potential future opportunities.

https://www.bbc.co.uk/news/articles/c5y35qz73n8o

Although coal is a very polluting source of energy, its benefit has been in being available at all times - unlike wind and solar which are limited by weather conditions.

Kayte O'Neill, the chief operating officer at the Energy System Operator - the body overseeing the UK's electricity system - said: "There is a whole load of innovation required to help us ensure the stability of the grid. Keeping the lights on in a secure way."

A crucial technology providing that stability Kayte O'Neill spoke of is battery technology.

Dr Sylwia Walus, research programme manager at the Faraday Institution, said that there has been significant progress in the science of batteries.

"There is always scope for a new technology, but more focus these days is really how to make it more sustainable and cheaper in production," she said.

To achieve this the UK needs to become more independent of China in producing its own batteries and bringing in skilled workers for this purpose, she explained.

Https://www.sandiegouniontribune.com/2024/09/13/a-microgrid-project-at-viejas-gets-a-macro-boost/

No worries BBN,

Still feel that it was a key factor in having Motherwell officially opened and this is part of the requirements to award certain UK contracts and to start the PR machine.

They clearly worked hard and quickly on getting this ready to open - just putting 2 and 2 together - why would they open Motherwell as quickly as they have if they wasn’t expecting orders until closer to end of the year… my guess is August could be a very busy month for official announcements, but I do feel that they already have the key contracts signed, they just need the approval to announce to the market .

Hopeful there might be something next week at the AGM, but that’s more wishful thinking …

Good luck

Sorry - the other thing i missed off was that the sales team were receiving many enquires - this was from several sources Trade shows, general market knowledge of who and what IES offers, news/industry announcements and contract wins.

Comments made are that prospective customers are not asking about the technology and how it works anymore and more about lead times and costs involved plus IES advice on what set up is the best solution for their requirements.

I also had a very encouraging conversation with a potential customer who attended the event to find out more information. Feel this in more medium to long term opportunity, but judging from the chat we had they had a good forecast of where battery storage is heading and the size of the opportunity, certainly in the UK market anyway.

Hope this is of some help

My feedback - my opinion only, please do your own research - sorry for the delay, only got back home this afternoon due work commitments.

Motherwell

Building used to be where they made bridges - Motherwell Bridge Ltd. Which is why they have all the heavy lifting gear already on site. Said it could have taken a year to set this up from scratch if they needed to procure the lifting gear.

Clearly the IES team worked very hard to get this on line and officially opened in a very short space of time. Personally, I think funding was needed to be in place, but also the production facility to be ready and open for business before new deals can be secured/ announced.

Team were very professional and were clearly motivated to get this facility online.

There were 16 single stacked containers on site with 2 containers that were double stacked to highlight the space and that all containers can be double stacked and worked on.

Sits next door to an Aerospace factory which is open 24 hours a day - 7 days a week. IES can also open during the same operating times if required.

Bathgate.

UKIB - focus on Net Zero and creating UK jobs as the criteria for monies/investment. Even though they have invested money for a stake in IES, (I feel) that there may also be additional future funding/financing available for new projects as long as it meets the Net Zero and UK job creation focus. Please note, this is my opinion I took from the presentation.

When they presented a working presentation of the VS3, it could switch between charge and discharge in milliseconds. The machine when running was very quiet - same as an idle car petrol engine.

Cell Stack is manually assembled by hand in Bathgate which seems a time consuming to produce. Space allocated for a semi- automated line to be introduced very soon to boost volumes. This seems a slow process, but feel they want to keep in house and also produce in UK so they are close to UK production & have full control with reduced lead times (shipping etc)

Vanadium - it was mentioned by the R & D team, they are working on a solution to use a lower grade vanadium, which will reduce cost but will not affect performance. This is work in progress, but feel they are making headway in this area.

Overall, impressed with where they have got to so quickly since receiving the funding. You can feel it is just a matter of time before new deals are announced, but I guess we can only wait and see what materialises. With Mistral next steps, my thoughts are that they will be testing a larger number of Mistral units working together as part of the next stage testing. This wasn't directly mentioned but I have put 2 and 2 together. You can clearly see this new set up is not based on a wing and prayer, things will happen, it just when they can be announced!

Apologies not much to add from the article I posted below, but as I said, this was well written piece.

Good luck to all

UKIB to Join the Board A key presentation delivered on the day was from Adam Howard, who led the £25m equity investment from the UK Infrastructure Bank earlier this year. Adam is to join the board and we were pleased to learn that this investment was driven by Invinity’s ability to address both of UKIB’s key mandates: a UK company making significant contributions to achieving net zero, whilst generating local economic growth.

Cap and Floor Mechanism an Important Trigger for Growth We see the Cap and Floor price support mechanism for long duration storage, currently awaiting the outcome of a government consultation, standing out as particularly important trigger to unlock growth in the sector, and which featured in Labour’s pre-election manifesto. The mechanism provides certainty of cash flow and, if structured correctly, shows that this is sufficient to cover the cost of debt and hence unlock asset financing to allow new projects to become energised. The mechanism introduces levels of price exposure in different ways but limits overall exposure so that behaviour in the wholesale market is less aggressive potentially reducing negative pricing.

The deemed generation option removes the incentive for negative bidding in order simply to run. Over time, as renewable penetration grows, this would have a greater impact on reducing overall price volatility. This improves the overall economics of projects and therefore a developer’s ability to finance, benefitting Invinity as a leading gridscale manufacturer well-positioned for continued growth.

Mistral Moves Towards Commercial Launch this Year The company has now initiated the pilot manufacturing phase of the next generation Mistral battery and is conducting final testing ahead of the commercial launch which is scheduled for later this year. In terms of assembling these batteries, individual VS3 batteries are installed into the shipping container-like unit from the longer side. For Mistral, these batteries are installed from the shorter side of the unit. This will allow more batteries on the factory floor but more importantly allow for easier customer maintenance on an installed site. With this arrangement more batteries can be installed per site improving the overall site energy density.

Finish

Part 2 - in fact there will be 3 posts to cover this

Maintaining Safety Credentials Another focus area of R&D is also safety. Whilst Invinity’s batteries are designed so that the negatively charged and positively charged electrolyte does not mix, when this might happen the maximum temperature the resulting liquid reaches is 50ºC, lower than most hot tap water. This lack of excessive heat generation means that the risk of fire hazard is virtually nil with no thermal runaway. In fact, we were encouraged to see a demonstration that showed how Invinity’s electrolyte is better used as a fire extinguisher than a fire starter.

Recycling of Vanadium Electrolyte We also saw continued focus of Invinity’s R&D team on the recyclability of the vanadium electrolyte which we believe has the potential to significantly reduce the overall capital requirements for future batteries. As the ability of the vanadium electrolyte to store energy does not degrade with time, unlike lithium-ion, exploring the potential recyclability of the liquid electrolyte can significantly cut future upfront capital costs. We were encouraged to hear positive developments from Invinity’s R&D team following initial tests that conclude the purity levels of the vanadium electrolyte are largely also unchanged.

Higher Throughput Generating Higher-Than-Expected Customer Revenues Massive throughput and no marginal cycling costs allow Invinity’s batteries to deliver energy at the lowest price per MWh stored & discharged over the lifetime of the product. VFBs can generate more attractive returns than lithium-ion batteries in certain applications, specifically those requiring multiple, daily, charge/discharge cycles. We learnt that the Spencer Energy project in South Australia, which uses 41 of Invinity’s VS3 batteries for a total 8MWh battery, has shown positive performance during 2024, ahead of expectations from solar ‘firming’, without participating in the ancillary market which the company estimates could add up to 30% extra revenues. In the ancillary market, Invinity’s batteries are expected to perform better than lithium-ion batteries due to their fast response time and an ability to charge and discharge 24 hours a day.

Invinity staff performed a demonstration of their batteries charging and discharging from the Scottish Grid which showcased their rapid response time as well as highlighting their relatively low noise level in operation in comparison to lithium-ion batteries which require large air conditioning fans and other safety systems.

This was posted on ADVFN board, nit sure who wrote this but this sums up the event better than I could.

Invinity hosted their inaugural capital markets day at their manufacturing facilities in Scotland. The day marked the official opening of the company’s new 26,000 sq. ft assembly facility in Motherwell and included a tour of their current Bathgate facility near Edinburgh, consisting of a deep dive into their technology, manufacturing and R&D focus areas. Our key takeaway from the event is that Invinity are well placed to take advantage of accelerating demand for long duration electricity storage, positioning Scotland as a global leader in flow battery manufacturing as the company progresses towards profitability. With a cap and floor price support mechanism currently under consultation in the UK, we see Invinity as well positioned at home and abroad.

New Motherwell Facility and Upgrades at Bathgate Invinity has expanded its UK manufacturing capabilities following the successful £57m fundraising earlier this month. The manufacturing facility in Motherwell has roughly six times the floor space of the existing site at Bathgate, taking the company’s UK flow battery annual assembly capacity to over 500MWh, approximately quadrupling its current capacity. Good progress is being made in Motherwell, with management confident that battery assembly can begin Q3 24. Invinity will also be upgrading their Bathgate facility by introducing a semiautomated manufacturing line to increase capacity and further reduce unit production costs.

A Global Leader in Long Duration Storage It is clear to see that Invinity is well-positioned to elevate the UK’s global position as a grid-scale long duration battery leader. With the UK Infrastructure Bank (UKIB) now on board as the majority shareholder following their £25m equity investment into the company, Invinity’s ability to position the UK, in particular Scotland, as a leader in energy storage is stronger than ever. Expanding the company’s manufacturing footprint gives Invinity the production capacity it needs to match not only its current order book, but also future targeted demand in the UK and abroad whilst creating green jobs in Scotland. The Bathgate site will continue to focus on cell stack manufacture, with physical battery assembly now taking place in Motherwell.

Improving Electrolyte Versatility Reduces Cost Differing from solid-state batteries, the electrolytes are not only ionic conductors, but also the cell reactants and products. Therefore, the concentration of vanadium in the electrolyte determines the energy density of the system. In particular, the electrolyte composition and level of vanadium purity will influence energy density, operating temperature range and the practical applications of the VFB.

Yep, I’m sure I can sort that Richard08

1. Welcome by CEO at Motherwell

2. Official Opening and tour of Motherwell facility.

Transfer to Bathgate

3. LDES in the UK & Invinity.

4. Flow Battery 101: How to build a world-class vanadium flow battery.

5. Live Demo: Invinity batteries in action.

6. R & D Overview: Driving cost down and performance up.

7. Mistral: Next - Generation product overview

8. Q & A and finish.

Https://t.co/06QMZpCGYt