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4 MWh Sale to California PV + Storage Project
4 MWh Sale to California PV + Storage Project.
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 \n17 June 2024\nInvinity Energy Systems plc\n \n(\"Invinity\" or the \"Company\")\n \n4 MWh Sale to California PV + Storage project\nCalifornia Energy Commission-funded Invinity VS3 batteries to provide on-demand solar power for Rincon Band of Luiseño Indians in Southern California\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 4 MWh sale to PowerFlex, part of EDF Renewables North America. The batteries will be used in a California Energy Commission-funded solar microgrid project being undertaken by the Rincon Band of Luiseño Indians.\n \n\nThe project will see 18 Invinity VS3 vanadium flow batteries, with a combined capacity of 4 MWh, installed by PowerFlex alongside a new 1 MWp expansion to the existing PV solar array at the Rincon Band's Harrah's Resort Southern California at the Rincon Reservation near Valley Center, California, as part of a large-scale solar microgrid project. Invinity's batteries will be used to store excess solar generation which can be discharged on-demand to provide economic, low-carbon power to the site at any time of the day or night.\n\n \nCalifornia is one of the world's fastest growing battery markets and, with 7.3 GW, has the most installed battery capacity of any U.S. state. The California Energy Commission is also one of the leading funders of non-lithium-ion long duration energy storage (LDES), having already provided support worth $140m to various projects in the State throughout 2022-23 and has $190m worth of funding programmed for in the 2023-24 State Budget. The State is targeting 52 GW of battery storage capacity by 2045.\n \nDelivery of the Invinity batteries is expected to occur before the end of 2024. The contract was included as part of the Company's Base category in its most recently disclosed commercial pipeline.\n \n \nBo Mazzetti, Chairman of the Rincon Band of Luiseño Indians said:\n \n\"As part of the Rincon LDES Solar Microgri...