Invinity Energy Systems (IES)

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15.93p
   
  • Change Today:
      0.41p
  • 52 Week High: 26.50
  • 52 Week Low: 8.10
  • Currency: UK Pounds
  • Shares Issued: 882.48m
  • Volume: 365,866
  • Market Cap: £140.57m
  • RiskGrade: 324
  • Beta: 0.08

Invinity gets order for data centre battery system

By Josh White

Date: Friday 07 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Utility-grade energy storage company Invinity announced the sale of a 1.3 MWh 'VS3' flow battery system to Kinetic Solutions on Friday, for use in a microgrid providing around-the-clock power to a data centre in Arizona.
The AIM-traded firm said six Invinity VS3 batteries, with a total capacity of 1.3 MWh, would be installed alongside 400 kWp of solar photovoltaic at the data centre.

Kinetic would use the Invinity battery system to operate the centre on renewable power 24 hours a day, seven days a week, and mitigate the effects of power outages - a "frequent occurrence" in the region.

A deposit was paid, and manufacturing of the batteries was set to start shortly, with shipment scheduled for early 2023.

Kinetic Solutions was established as a distributed energy solutions provider, specialising in renewable microgrid infrastructure for commercial and industrial sites across the United States including data centres, manufacturing facilities, distribution hubs and electric vehicle charging stations.

Invinity said its vanadium flow batteries were chosen for the project due to their robustness in high-temperature environments, and their ability to perform long duration energy discharge during power outages.

"We are thrilled to be working with Kinetic Solutions on this US project that showcases the advantages of vanadium flow batteries and provides a real-world example of Invinity products generating investment tax credits for our US customers," said chief commercial officer Matt Harper.

"This deal embodies a number of positive developments: the growing awareness of the need to power data centres with renewable energy, an opportunity to work with Kinetic, an emerging expert in solar microgrids, and the receipt of US government support for energy storage through the Inflation Reduction Act.

"We look forward to delivering this project and view this application as an excellent area of opportunity for similar US follow-on business in the future."

At 1047 BST, shares in Invinity Energy Systems were down 2.47% at 21.21p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

IES Market Data

Currency UK Pounds
Share Price 15.93p
Change Today 0.41p
% Change 2.63 %
52 Week High 26.50
52 Week Low 8.10
Volume 365,866
Shares Issued 882.48m
Market Cap £140.57m
Beta 0.08
RiskGrade 324

IES Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
36.22% below the market average36.22% below the market average36.22% below the market average36.22% below the market average36.22% below the market average
37.78% below the sector average37.78% below the sector average37.78% below the sector average37.78% below the sector average37.78% below the sector average
Price Trend
39.37% below the market average39.37% below the market average39.37% below the market average39.37% below the market average39.37% below the market average
44.33% below the sector average44.33% below the sector average44.33% below the sector average44.33% below the sector average44.33% below the sector average
Income Not Available
Growth
21.86% below the market average21.86% below the market average21.86% below the market average21.86% below the market average21.86% below the market average
15.22% below the sector average15.22% below the sector average15.22% below the sector average15.22% below the sector average15.22% below the sector average

IES Dividends

No dividends found

Trades for 04-Jun-2025

Time Volume / Share Price
11:28 30,000 @ 15.50p
11:19 600 @ 15.97p
11:18 31,383 @ 15.90p
11:11 334 @ 15.73p
10:51 9,745 @ 15.71p

IES Key Personnel

CEO Jonathan Anthony Frank Marren

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