Invinity Energy Systems Plc · LSE:IES
Invinity Energy Systems — Investor Presentation (November 2021)
16 slides from Invinity Energy Systems's investor presentation, Nov 10, 2021
Slide 1: Investor Update
INVESTOR UPDATE November 10, 2021
Slide 2: Presenters
Presenters Larry Zulch Matt Harper Peter Dixon-Clarke Chief Executive Officer Chief Commercial Officer Chief Financial Officer ▪ Avalon Battery (CEO) ▪ Avalon Battery (Founder & President) ▪ Kuwait Energy plc (CFO) ▪ Savvius (CEO) ▪ Prudent Energy (VP Products & Services) ▪ Hotspur Geothermal (CFO)
Slide 3: Invinity Enjoys a Leading Position in Energy Storage
Invinity Enjoys a Leading Position in Energy Storage ▪ Over 18 MWh of signed commercial contracts with deposits ▪ Standardized, factory-built products now shipping ▪ Energy Superhub Oxford – most flow batteries ever on a single site ▪ Four California Energy Commission (CEC) projects awarded ▪ Improv
Slide 4: The Energy Storage Imperative
The Energy Storage Imperative Renewable energy AND a reliable electrical infrastructure When the proportion of renewables 1 is small, the base level can deliver even when renewables cannot When the proportion of renewables 2 grows, the remaining base level cannot cope when renewables are not produci
Slide 5: Vanadium Flow Batteries deliver Utility-Grade Energy Storage
Vanadium Flow Batteries deliver Utility-Grade Energy Storage Lithium Ion Invinity VFB Prone to catching on fire – difficult to No fire risk – electrolyte is mild, water- Safe put out. based, battery acid. Degrades with use – five to seven years Unlimited cycles – over 20 years of Long life of daily
Slide 6: Invinity VS3s at Energy Superhub Oxford
Invinity VS3s at Energy Superhub Oxford ▪ World’s largest hybrid (lithium/flow) battery ▪ UK’s largest flow battery ▪ Proprietary battery management technology ▪ Further deals with partners anticipated ▪ Delivery nearly complete, cluster 1 energized 5 3
Slide 7: Invinity VS3s at Scottish Water – Perth
Invinity VS3s at Scottish Water – Perth ▪ Solar-plus-storage powering major water treatment plant ▪ Assists Scottish Water to accelerate net-zero goals ▪ Will eliminate approximately 160 tons of CO2 emissions per year ▪ Currently installed with handover by end of 2021 6
Slide 8: Yadlamalka Solar + Storage
Yadlamalka Solar + Storage DELIVERING THE WORLD’S LARGEST SOLAR-POWERED VFB ▪ 8 MWh Invinity Battery System + 6 MWp Solar PV ▪ Manufacturing underway ▪ 41 Invinity VS3s ▪ Will be Australia’s largest flow battery ▪ Delivery scheduled 1H 2022 STACKING BENEFITS TO MAXIMISE REVENUE 7
Slide 9: European Marine Energy Centre
European Marine Energy Centre Hydrogen and systems integration with renewables 1.8 MWH BATTERY SYSTEM will be a key part of our energy transition pathways. ▪ Tidal power > Invinity VS3s > Hydrogen electrolyser Paul Wheelhouse, Scottish Energy Minister ▪ Located at EMEC in Orkney, Scotland ▪ Eight In
Slide 10: Energy Storage Market Landscape
Energy Storage Market Landscape ENERGY SUPERHUB OXFORD Urban Decarbonization 800+ 700 “Vanadium Zone” EUROPEAN MARINE ENERGY CTR. Tidal Dispatch From 4 -12 hours Operating Reserves (FFR) Wind and Tidal Dispatch 600 >250 annual cycles CYCLES PER YEAR 500 YADLAMALKA ENERGY Solar Dispatch 400 Solar Dis
Slide 11: Market Size Projections
Market Size Projections Analysts & researchers forecast immense growth in energy storage Subheads from Barclays’ October 3000 2021 report: For Green Grid, BNEF Batteries Required 2500 “Storage is critical to integrating variable renewables (solar, wind).” 2000 Cumulative IEA “Total global storage sp
Slide 12: Joint Development of Grid-Scale Flow Battery
Joint Development of Grid-Scale Flow Battery ▪ Joint development agreement with Gamesa Electric, a wholly- owned subsidiary of Siemens Gamesa Renewable Energy ▪ Development program for a next-generation vanadium flow battery ▪ Announced May 2021 as a two-year staged development project ▪ Option gran
Slide 13: Pipeline
Pipeline ▪ Primary markets: UK, North America and Australia Base 76 VS3s 17.1 ▪ High degree of repeatable business in pipeline ▪ “Proven” projects will drive deal closing Advanced 40.1 178 VS3s ▪ Deal size growing Qualified 920 VS3s 207.5 Prospective 12,907 VS3s 2904 1 10 100 1000 10000 Categories P
Slide 14: Future Direction
Future Direction Next-Gen CRD Scaling up ▪ Delivering contracted projects (1H 2022) ▪ Signing new commercial contracts Invinity VS3 Delivered (Actual) Progress toward Next-Gen CRD ▪ Completion of development milestones ▪ Initiating commercialization Invinity VS3 VRB Avalon & Invinity Shipping (Plann
Slide 15: We believe Invinity is on track to achieve our goal
We believe Invinity is on track to achieve our goal: 10% of the global stationary energy storage market by 2030. ▪ Products earning revenue at customer sites ▪ Partnerships to address significant scale ▪ Organization built to deliver ▪ Commercial traction unlocked 14
Slide 16: November 10, 2021
IN INITY ENERGY SYSTEMS November 10, 2021
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