Member Info for toneman

Great news today. Perfect to justify getting a US manufacturing site underway.

Not so good for us long time shareholders. The offer price effectively locks in a capital loss roughly wiping out the past five years of dividends and removing all future dividends. I'd rather hold onto a cash generative asset. Clearly Drax can see it's a cash generative asset.

I think the cap and floor results will show that Invinity will need to expand manufacturing significantly, i.e. an additional factory site. That will require a fund raise of some sort. I expect government funding will contribute to that (like ITM recently) but I hope we shareholders will be given the opportunity to participate too as it will mark a significant rerate to the company's market cap and future potential.

People are often likely to object to 'anything' new they see as forced upon them in their little corner of the world. Unfortunately for Lithium it's an easy target for objections due to the well documented fire risk. Health and safety for our children and grand-children is an easy play. But the big question is "What will their angle of objection be when the technology is VFB?". Because they will still object, won't they. They can't use fire, but you can bet they'll look for something.

I wonder if there is a knock on from ITM Power news this morning. They just received a £40m investment from GB Energy and a £46m grant to boost their UK manufacturing. Ed Miliband said "It is time to make and build things in Britain again, and with this Government's clean energy mission, we will". So there's a chance a similar deal could be on the cards for IES. I'd argue we need batteries more than we need hydrogen. And if IES win even a couple of the large cap and floor projects they're going to have to significantly increase production capacity.

Of course the increase in trades could just be speculation on an imminent cap and floor announcement now that we're in Q2.

All positive either way.

Thank you all for finding the dual use case for the different battery types and the confirmed intention to use IES. Much appreciated. Can't wait for the next big RNS.

Are you sure they're still proposing IES? All the latest info I'm reading is talking about TitanVolt, and Invinity are not on the website listed development partners. Am I reading the wrong thing?

https://argylldev.com/

China has placed a Vanadium Flow Battery underground in an urban area where rules are tight for Lithium. I don't think it'll be long before we start having high-rise buildings dedicated to VFB rather than simply limiting ourselves to a three container stack as a footprint. What we lack in volimetric energy density we can surely make up for in floor footprint density.

https://www.pv-magazine.com/2026/03/11/china-commissions-first-urban-underground-vanadium-flow-battery-system/

I'd like to see a detailed examination of the result of all the share buybacks. All the solar energy funds have been doing it, but the share price continued to fall regardless. Isn't that just a waste of cash? And now they want to reduce the dividend to give themselves more cash to invest in site upgrades. Why weren't they putting all that share buyback cash into site upgrades. Surely better sites and more of them is what grows NAV not share repurchases. I'm disappointed to see that further share buybacks are still on the table albeit paused for now. I'm not confident these guys understand the term 'value for money'.

Hopefully Schroders has finished trimming its position now and we can stop feeling downward pressure on the stock price.

How does that not move the price more?

No Valii, it was in response to Crazyherse comment about ChatGPT, vrfb and lithium. I thought that would be obvious though. Merry Christmas.

ChatGPT doesn't have to worry about 'when' your cheaper Lithium battery farm is going to catch fire. Any installer who wants 25+ years of restful sleep without that worry would be installing vrfb.

I was actually expecting TRIG to merge with or buy out some of the smaller renewable players like BSIF, FSFL, and NESF. These smaller ones are in a worse position than TRIG as they don't have enough revenue to build out any new sites sidelined in their portfolios and can't raise fresh equity due to the discount to NAV. Combining all those into TRIG would have made more sense to me that the pool of revenue could at least continue to build out sites and slowly raise NAV. In turn a rising NAV would likely attract investors again and end this doom loop we've been in.

In my opinion all these funds have been making the same mistake of buying back shares trying to bolster the share price but which has failed. That's just throwing away revenue that could have been put to better use building out sites. They completely lost focus on the target which should be more sites, more revenue, higher NAV.

It's hard to justify HICL instead as a good fit for this merger as it seems unlikely that building out renewables will suddenly be the focus of HICL management.

The whole thing smacks of being run by money managers rather than project managers. It's been a very disappointing few years.

Given that BSIF already produces power from solar farms and turbines, how exactly is being termed an IPP different from today's operation/structure? I'm going to research it myself to try to work it out but I'd appreciate input from members here if you can help.

HL has the price starting higher. Phew.

Blimey, that's a lot of information to process in a single RNS. There's even a useful company update at the bottom.

It should be positive for the stock price given the potential opening of the India market. But there's always a chance the stock price starts by reflecting the 19.5p subscription price at the open.

Https://invinity.com/introducing-endurium-enterprise-for-commercial-industrial/

Today we’re formally launching Endurium Enterprise for commercial and industrial customers.

Invinity customers make up the largest deployed fleet of flow batteries in the world; with over 1,500 individual battery modules in the field, our batteries have discharged over 6.5 GWh of energy since 2022.

In 2024 we transformed grid-scale energy storage by launching Endurium™, our fourth-generation vanadium flow battery (VFB) specifically optimized for use in large-scale, long-duration, high-throughput energy storage applications up to a GWh and more.

Now we are bringing the same design breakthroughs and cost savings to commercial and industrial (C&I) businesses with the launch of Endurium Enterprise™—the most advanced flow battery available today for companies that need proven, reliable, safe, and cost-effective energy storage for their behind-the-meter projects.

I wonder how long it will be before enough government legislators realise it is essential to build long duration battery storage with every solar array.

Even in the UK this makes sense. Storage should be matched to roughly two thirds peak power of the solar array so that during the sunshine hours the solar delivers up to one third of its power to the grid and the rest into the battery storage. Once the sun goes down the batteries deliver the same power for twice as long thus turning the array effectively into a baseload generator. In winter when there's not much sun you charge the storage overnight from other low cost or excess power generators, like nearby wind turbines or nuclear facilities that can't be switched off, and then despatch the energy from storage during the day as demand increases. What little sun power comes from the array during winter also gets despatched into the grid or tops up the storage if it's a particularly sunny, but short, winters day.

An added benefit of co-siting long term battery storage with the solar array this way is that the grid connection never has to be big enough to carry the whole array power output, typically half the power capacity grid connection would be ample.

So much opportunity for Invinity once this simple feature of long term storage is better understood by the decision-makers.

I wonder if RM will begin unloading their shareholding if their resolutions are unsuccessful.