Invinity Energy Systems , a global manufacturer of vanadium flow batteries, has announced a further battery sale in the UK to Dawsongroup, along with entering the Hungarian market after agreeing on a multi-party commercial partnership with STS Group and Ideona Group.
Building upon the success of the partnership with Dawsongroup to develop a UK battery rental offering that included an initial VS3 unit sale, Invinity has received an additional order from Dawsongroup for another 0.22 MWh VS3 battery.
The company is working closely with Dawsongroup Power Solutions, a newly formed business unit within Dawsongroup plc, to jointly develop and market a full package battery plus renewables solution that is designed to be available on a capex-free basis to UK commercial customers.
Matt Harper, Chief Commercial Officer at Invinity said: “Our second sale to Dawsongroup further deepens our relationship with one of the UK's foremost asset rental businesses and builds upon the tremendous demand we see for Invinity's flow batteries to serve the UK commercial and industrial sector."
Additionally, Invinity has entered into a multi-party commercial partnership with leading Hungarian renewable energy project developer, STS Group and their strategic partner, Ideona Group a Hungarian asset management company.
Under the agreement, Invinity has appointed Ideona and STS as the Company's partners in Hungary with a mandate to deploy Invinity batteries as part of future solar plus storage and grid infrastructure support projects.
Invinity's new Hungarian partners have already identified over 50 MWh of potential projects for Invinity batteries.
CCO Matt Harper commented: "I'm very pleased to report these positive developments for Invinity in new and existing markets. Our new partnership with Ideona and STS will help to establish Invinity as a leading provider of safe, durable longer-duration storage in Hungary.”
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The news of Invinity receiving an additional battery order with Dawsongroup demonstrates the growing demand for vanadium batteries to assist with grid energy storage in the UK, supporting government targets net zero greenhouse gas emissions by 2050.
With this in mind, the need for capacity retention in batteries is crucial, and as Invinity’s VS3 batteries are made with vanadium, they potentially hold the edge over lithium batteries, retaining stored energy far more effectively, along with less performance degradation over time.
Infinity’s battery solutions have already been successfully deployed across multiple locations in the UK, most notably delivering a battery system to Energy Superhub Oxford, recognised as one of the most ambitious urban decarbonisation projects in the UK to date. The project enables load shifting for overnight charging of fleet vehicles as well as the opportunity to provide services to National Grid.
In regards to Invinity signing a multi-party commercial partnership in Hungary, the company highlighted that the country was among the first countries globally to turn its 2050 emissions target into a legal commitment. The country is targeting a 90% clean energy mix by 2030 which includes an increase in renewable generation and battery storage.
Looking more broadly, the National Grid and other equivalents around the world will need more support from companies like Invinity, as the rapid shift toward sustainable energy solutions continues.
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