Siemens Gamesa & Invinity Energy11 May 2021 09:57
Siemens Gamesa & Invinity Energy - Joint Development of Grid-Scale Flow Battery polaris.brighterir.com/public/invinity/news/rns/story/w3me3yx Invinity Energy Nexus Limited, a wholly-owned subsidiary of Invinity Energy Systems plc (AIM:IES) is pleased to announce it has entered into a Joint Development and Commercialization Agreement ("JDCA") with Gamesa Electric S.A.U. ("Gamesa Electric"), a wholly-owned subsidiary of Siemens Gamesa Renewable Energy ("SGRE"), to: · jointly develop a grid-scale vanadium flow battery ("VFB") based on Invinity's proven technology and incorporating Gamesa Electric's advanced power conversion systems; · cooperatively manufacture the VFB upon achieving a jointly validated design; and · commercialize the VFB through each company's sales channels.