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First Mistral Pilot Project
First Mistral Pilot 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 \n9 June 2023\nInvinity Energy Systems plc\n \n(\"Invinity\" or the \"Company\")\n \nFirst Mistral Pilot Project\n1.2 MWh Mistral prototype to be deployed in British Columbia, Canada supported by CAD $0.5m award from B.C. Centre for Innovation & Clean Energy\n \nInvinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF), a leading global manufacturer of utility-grade energy storage, is pleased to announce that the Company will deploy the first prototype of its next-generation product at a site in British Columbia (\"B.C.\"), Canada early next year, funded in part by a CAD $0.5m award from the B.C. Centre for Innovation & Clean Energy (\"CICE\").\n \nThe award will support the manufacture and deployment of a 1.2 MWh prototype of Invinity's next-generation vanadium flow battery (\"VFB\"), code-named \"Mistral\", at a site near Invinity's engineering and operations centre in Vancouver, British Columbia. Expected to be operational in H1 2024, this will be the first Mistral product deployed as a pilot in the field. The prototype will be tested against a commercial use case with the intention of demonstrating performance of the newly-developed product as a customer facing, fully-integrated energy storage system. Further details of this project are expected to be announced before the end of this year.\n \nThis funding further supports Invinity's Mistral product development timeline by accelerating testing of the product at operational scale. This Mistral prototype will also act as an important reference site for the Company's stakeholders, while providing referenceable performance data to prospective customers.\n \nThis funding award coincides with the formal opening of the Company's newly expanded manufacturing facility in Vancouver, Canada, capable of delivering up to 200 MWh of Invinity's products annually. The opening event, which took place yesterday and included addresses by Invinity CEO Larry Zulch, Invinity CCO Matt Harper and CICE Deputy Executive Director Todd Sayers to the more than...