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ENDURIUM Selected for UK LDES Cap & Floor Bids
ENDURIUM Selected for UK LDES Cap & Floor Bids.
About this update from Invinity Energy Systems Plc
[{"type":"text","content":"\n\n\n \n23 June 2025\nInvinity Energy Systems plc\n \n(\"Invinity\" or the \"Company\")\n \nENDURIUM Selected for Multiple UK LDES Cap & Floor Bid Applications\n9 developers select ENDURIUM for LDES Cap and Floor bids in first application window\n \nAhead of the commencement of the International Flow Battery Forum this week, at which Invinity is exhibiting, and further to the Company's 12 March 2025 announcement regarding the opening of the UK LDES Cap & Floor Scheme (the \"Scheme\"), Invinity Energy Systems plc (AIM: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage, provides an update following the close of the Scheme's first application window earlier this month.\n \nThe Company is highly encouraged to have received a significant level of interest from UK battery developers planning to use ENDURIUM batteries in their project bids. This outcome has validated the Company's previous decision to release a product in Q4 2024, which was developed with the Scheme and others like it in mind. It also further underlines Invinity's belief that the Scheme has not only been designed to support the significant build out of LDES assets but also enable growth in high-quality energy storage manufacturing jobs in the UK over the next 5 years in line with the goals and objectives of the UK Government.\n \nProject bids in the first Scheme bid window had to be submitted and commenced grid connection applications ahead of the application deadline on 9 June 2025. These bids are now under review by Ofgem to confirm eligibility before they progress to the final assessment phase which is expected to conclude in H1 2026. Successful bids are expected to generate orders for delivery in 2028-2030.\n \nThe Company is pleased to confirm that 9 UK energy storage developers have selected Invinity's ENDURIUM batteries for their project bids into the Scheme which are each at or above the minimum 400MWh in size. Eligibility criteria also requires the technology to have already been deployed and operating at scale and the Company believes the proven nature of Invinity's vanadium flow batteries has been a key driver for the high level of interest received.\n \nCertain of these developers have proposed ENDURIUM for multiple projects. This includes but is not limited to Invinity's part...