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16.7 GWh of Endurium Bids Eligible for Cap & Floor
Invinity Energy Systems PLC announced that 21 project bids, representing approximately 16.7 GWh of their Endurium battery technology, have been deemed eligible for the UK LDES Cap and Floor Scheme by Ofgem. These bids were submitted by four developers. Ofgem initially received 171 valid applications representing 52.6 GW of discharge capacity, and has confirmed that 77 projects, with a total discharge capability of 28.7 GW for a minimum of eight hours, are eligible to progress. The company believes that every eligible project specifying Vanadium Flow Batteries will propose using Invinity's Endurium batteries. All but one of the confirmed eligible projects are in Track 1 of the Scheme, which are deliverable by 2030. Disclaimer*
About this update from Invinity Energy Systems Plc
[{"type":"text","content":"\n\nThe information contained within this Announcement is deemed by Invinity Energy Systems plc to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014 as it forms part of UK law by virtue of the European Union (Withdrawal) Act 2018 (\"MAR\").\n \n\n \n23 September 2025\nInvinity Energy Systems plc\n \n(\"Invinity\" or the \"Company\")\n \n16.7 GWh of Endurium Eligible for Cap and Floor Projects\n \nInvinity Energy Systems plc (AIM: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage, is pleased to announce that 21 project bids, submitted by four developers and representing a total of approximately 16.7 GWh of Invinity's Endurium™ battery technology, have this morning been announced by Ofgem as eligible for the UK LDES Cap and Floor Scheme.\n \nOfgem will now invite eligible projects to submit more detailed bids. Ofgem and NESO will undertake final project assessment in Q4 2025 and aim to publish the initial decision list of projects that will be offered a contract under the Scheme in Spring 2026. Final decisions on projects are due in Summer 2026. \n \nToday's positive development follows the Company's announcement on 23 June 2025 that nine energy storage developers had chosen Invinity's technology for the Scheme. This covered 34 individual project bids. This group includes, but is not limited to, Invinity's partner Frontier Power, with whom Invinity is targeting gigawatt-hour deployment of the Company's technology in the UK and abroad.\n \nThe Company believes that that every eligible project announced today which has specified the use of a Vanadium Flow Battery (or combination of such with another technology) will propose the use of Invinity's Endurium batteries.\n \nAll but one of the confirmed eligible projects are in Track 1 of the Scheme which are deliverable by 2030. Track 2 projects are deliverable by 2033.\n \nThe announcement notes that 171 valid applications representing 52.6 GW of discharge capacity were initially received by Ofgem by the submission deadline of 9 June 2025. The announcement confirms that 77 projects, with discharge capability totalling 28.7 GW for a minimum of eight hours, have met the programme criteria and are therefore eligible to progress to the project assessment stag...