Invinity Energy Systems shares soared on Thursday after announcing it has been selected to design a GWh-scale vanadium flow battery for what is set to become the world’s largest flow battery installation, in a significant strategic win for the AIM-listed storage manufacturer.
The company has partnered with Swiss developer FlexBase to design the system for its Technology Centre Laufenburg, a combined AI datacentre and technology campus on the Switzerland-Germany border.
Invinity beat off competition from flow battery makers around the world in what FlexBase described as an in-depth competitive selection process.
Marcel Aumer, Group CEO, Chairman of the Board and Founder of FlexBase Group said: “Invinity has proven to be the strongest partner by presenting the most compelling overall package with the lowest life-cycle costs (LCOS). Invinity’s vanadium flow technology is perfectly suited for our project due to its safety – particularly its non-flammability – its cycle stability, and its flexibility in application.”
Invinity Energy Systems shares were 50% higher at the time of writing on Thursday.
This is a major project. The battery will launch at up to 1.5 GWh of capacity, believed to be the largest flow battery built anywhere to date, with scope to expand to 2.1 GWh in later phases. The system will help integrate renewable energy at the site and provide stability to the grid, a natural fit for vanadium flow technology’s long-duration, heavy-cycling strengths.
Today’s news follows the delivery of a 0.7 MWh Vanadium Flow Battery system in Sussex earlier in May. Invinity Energy Systems is emerging as a dominant force in European power storage. Increased revenues and profits will surely follow.