Company Research Report: Invinity Energy Systems

Company Overview

• Name: Invinity Energy Systems

• Mission: Invinity envisions a world powered by abundant clean electricity and was founded to build utility-grade energy storage that delivers renewable power on demand.

• Founded: The company was formed in 2020 through the merger of redT energy and Avalon Battery.

• Founders: No specific names for the founders of the original companies are provided.

• Key People:

• Jonathan Marren, Chief Executive Officer

• Matt Harper, Chief Commercial Officer

• Andy Klassen, Chief Technology Officer

• Neil Lang, Chief Operating Officer

• Johnson Chiang, Executive Chairman, Asia

• Brian Adams, VP Product Development

• Colin Boone, VP Worldwide Sales

• Jean-Louis Cols, VP of Global Partner Development

• Sean Ellickson, VP Customer Operations

• Headquarters: Invinity operates globally with offices and facilities in London, San Francisco, Vancouver, Bathgate, Suzhou, and Melbourne.

• Number of Employees: No information is available.

• Revenue: No information is available.

• Known For: Invinity is known for designing and manufacturing vanadium flow batteries, recognized as being at the forefront of the global energy transition. They provide utility-grade energy storage solutions worldwide.

Products

Invinity VS3-022 Vanadium Flow Battery

• Description: The VS3-022 is the central component of Invinity's energy storage systems, built with proven vanadium redox flow technology designed for ease of deployment.

• Key Features:

• Safe: Utilizes vanadium flow technology for a safe, non-flammable, and stable battery solution without thermal runaway risks.

• Long Life: 25+ years of operational life with unlimited cycling and no capacity degradation.

• Economical: Low lifetime costs per MWh stored and discharged; unprecedented throughput compared to lithium-ion batteries.

• Proven: Used worldwide with demonstrated performance in various storage applications.

• Configurable: Stackable and modular, enables fully scalable storage solutions.

Recent Developments

New Products and Features

• 4 MWh Sale to PowerFlex: Invinity VS3 batteries to support on-demand solar power for Rincon Band of Luiseño Indians in California.

• Invinity VS3 Integration: Engie, Equans & Jan De Nul utilize VS3 with ENGIE's smart EMS for a new industrial technology test.

Partnerships and Other Initiatives

• LDES Projects Support: UK government supports the long-duration energy storage scheme, potentially unlocking substantial funding.

• Canadian Manufacturing Expansion: Scaled capacity to 200 MWh annually to cater to growing demand.

• Made in Britain Accreditation: Recognizes production at Motherwell and Bathgate facilities for UK and global distribution.

Strategic Infrastructure Developments

• New Manufacturing Facility in the UK: Recently opened a large facility in Motherwell, increasing capacity to over 500 MWh annually.

• Recognition by UK Government Figures: Invinity's manufacturing strategy is praised for supporting the renewable energy transition.

Awards and Recognitions

• 2024 Energy Storage Milestone Award: For scaling its manufacturing base and advancing energy storage solutions.

Conclusion

Invinity Energy Systems is a leader in the field of utility-grade energy storage, providing innovative, long-lasting, and economical solutions to support renewable energy integration worldwide. Through strategic expansions and ongoing developments in technology and partnerships, Invinity continues to address global energy challenges effectively.