IES3 Feb 2022 07:29
8.4 MWh Sale to Canadian Solar + Storage Project
Invinity announces its largest North American energy storage sale to date
Invinity Energy Systems plc (AIM:IES), leading global manufacturer of utility-grade energy storage, is pleased to announce the sale of a 8.4 MWh Invinity VS3 flow battery to Elemental Energy Inc ("Elemental Energy") for a utility-scale energy project in Alberta, Canada. This is the Company's largest sale in the North American market to date.
The Chappice Lake Solar-Storage project, which is at an advanced stage of development, will couple 8.4 MWh of Invinity VS3 vanadium flow batteries ("VFBs") with 21 MWp of solar generation to generate enough low-carbon electricity to serve the daily needs of more than 7,000 Albertans.
The project, which has received funding support from Emissions Reduction Alberta, will demonstrate how energy storage allows greater use of renewable energy generation in Alberta's electric grid. Delivering solar-generated energy when it is most valuable is an ideal use for Invinity's VFBs, emphasising the Invinity VS3's ability to deliver long-duration, high-cycle energy storage without capacity degradation. The project, near the city of Medicine Hat, is expected to directly deliver emissions reductions of almost 20,000 tCO2e/year, the equivalent of taking 4,300 passenger vehicles off the road.
Construction on the project site is expected to commence in H1 2022. The Invinity system will comprise 38 Invinity VS3 flow batteries plus ancillary components. The project is expected to be commissioned in late 2022.
The Chappice Lake project will be owned and operated by Elemental Energy, a Vancouver-based private renewable energy development company with over 100 MW of wind, solar and hydro projects in construction or operation and over 700 MW of further projects under development. Elemental Energy has partnered with the Cold Lake First Nation who hold an equity interest in the Chappice Lake project.