Business
2.1 MWh Sale to U.S. Utility
2.1 MWh Sale to U.S. Utility.
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 \n1 June 2023\nInvinity Energy Systems plc\n \n(\"Invinity\" or the \"Company\")\n \n2.1 MWh Sale to U.S. Utility\nInvinity flow battery will provide solar power on-demand for San Juan Island\n \nInvinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage, is pleased to announce a 2.07 MWh sale to Orcas Power and Light Cooperative (OPALCO), the non-profit cooperative utility for San Juan County, Washington, U.S. for use in a solar plus storage project.\n \nThe project will see nine Invinity VS3 vanadium flow batteries installed by OPALCO alongside a 2.75 MWp Solar array on San Juan Island, located off the west coast of Washington state. Invinity's batteries will be used to store excess solar generation which can then be discharged on-demand to support the local grid and enhance energy security on the island as part of an innovative microgrid project.\n \nOPALCO is committed to developing a resilient energy system via local renewable and battery storage projects. Delivery of the Invinity batteries is expected in H1 2024. The contract was included as part of the Company's Base category in its most recently disclosed commercial pipeline.\n \nFoster Hildreth, General Manager at OPALCO said:\n \n\"We're excited to be implementing Invinity's vanadium flow battery technology as part of our innovative island microgrid project. This project will significantly advance our ambitions to power San Juan Island from clean, low-cost, self-generated renewable energy and offer our isolated island communities a local, low-carbon power supply. Invinity's technology will provide our system with proficient storage capabilities while maximizing our investments.\"\n \nMatt Harper, Chief Commercial Officer at Invinity said:\n \n\"We at Invinity are very pleased that OPALCO has selected our vanadium flow batteries to play a major part in dispatching locally produced renewable energy to the San Juan Island community. This exciting project will f...