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Canada's Energy Minister Visits Invinity Facility
Canada's Energy Minister Visits Invinity Facility.
About this update from Invinity Energy Systems Plc
[{"type":"text","content":"\n\n\n \n9 August 2023\nInvinity Energy Systems plc\n \n(\"Invinity\" or the \"Company\")\n \nCanada's Minister for Energy and Natural Resources Visits Invinity Facility\nInvinity's Vancouver facility provides backdrop for announcement of Canada's first Clean Energy Strategy\n \nInvinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF) a leading global manufacturer of utility-grade energy storage, was delighted to host Canada's Minister for Energy and Natural Resources, Jonathan Wilkinson, alongside British Columbia's Minister of Jobs, Economic Development and Innovation, Brenda Bailey, at the Company's newly expanded manufacturing facility in Vancouver yesterday.\n \nIn recognition of the important role that Invinity, amongst others, is playing in establishing Canada as a global leader in battery manufacturing, Minister Wilkinson toured the facility and used the visit to officially launch Canada's vision paper for a clean, reliable and affordable grid. The Minister also announced Canada's intention to develop the country's first Clean Energy Strategy in 2024.\n \n\n \nEarlier that day, Invinity's facility was the venue for a clean energy roundtable discussion attended by Minister Wilkinson, Minister Bailey and Dr. Ged McLean, Executive Director of the B.C. Centre for Innovation and Clean Energy (\"CICE\"). They were joined by a number of Canada's leading clean energy technology companies, including Invinity which was represented on the panel by Chief Commercial Officer, Matt Harper.\n \n\n \nCanada has committed to achieving net-zero before 2050 and as part of the 2023 Federal Budget released in March, announced a six-year 30% investment tax credit for clean energy projects which is expected to significantly accelerate the deployment of renewables and energy storage across Canada in the years to come.\n \nEarlier this year, Invinity delivered an 8.4 MWh vanadium flow battery, the largest flow battery project of its kind to Canadian renewable project developer Elemental Energy's Chappice Lake Solar Storage project in Alberta. The project, which is expected to go live shortly, will see a 21 MWp solar array coupled with Invinity's battery to generate low-cost, low-carbon electricity on demand for the Alberta grid. \n \nJonathan Wilkinson, Canada's Minister ...