Slide 1: Company Introduction
Company Introduction September 2023
Slide 2: Invinity Energy Systems
Invinity Energy Systems § Invinity Energy Systems (OTCQX:IESVF, LSE:IES) § A global leader in vanadium flow batteries § Largest fleet of flow batteries ever deployed § Standardized, factory-built products § Sales pipeline over 2 GWh § Installing largest flow batteries (U.S., UK, Can, Aus) § First ha
Slide 3: Launch Customer program for Lithium Mistral
Invinity is currently inviting select parties to participate in the Launch Customer program for our next 1 2 3 generationRenewable energy storage system, codenamed: Lithium Mistral. will not Invinity delivers energy requires meet all energy the proven energy storage storage needs alternative Privile
Slide 4: Invinity VS3
Invinity VS3 Workhorse vanadium flow battery (“VFB”) § Proven – 65+ MWh operational or in construction § Economical – Lowest total cost of ownership § Safe – Zero fire risk § Sustainable – Widely-available, recyclable materials § Durable – 25 years of high-throughput service Invinity VS3 Battery Mod
Slide 5: The Energy Storage Landscape
The Energy Storage Landscape High-throughput requirements … § VFBs cycle without limitation § Lithium typically one cycle per day § VFBs don’t degrade with cycling § VFBs scale economically to 8+ hours Solar Dispatch …Opens opportunities § Delivering renewable power on demand § Trading in capacity,
Slide 6: June 2023: Sales Pipeline Increases
June 2023: Sales Pipeline Increases Growth across all 1397 1400 pipeline categories 1200 reflecting VS3 traction, +57% Mistral opportunity. 1000 957.1 § Lithium limitations 800 MWh becoming more clear § Policy support for domestic 608.3 600 solutions in core markets § Regulation emerging to 400 enha
Slide 7: Flow Battery Total Addressable Market
Flow Battery Total Addressable Market § Based on average of projections § Total storage market reduced by BESS (50%) then by time shifting (67%) then by flow battery (50%) Sources Precedence Research Insight Analytics U.S. Department of Energy BloombergNEF & WoodMac LDES Council/McKinsey NREL Intern
Slide 8: Chappice Lake Solar & Storage, Canada
Delivered in 2023 Chappice Lake Solar & Storage, Canada Merchant Trading | 8.4 MWh | 38 VS3s | 21 MW PV Privileged and confidential. Not for distribution without permission from Invinity Energy Systems. 8
Slide 9: Spencer Energy, Australia
Delivered in 2023 Spencer Energy, Australia PV Dispatch / FCAS | 8 MWh | 41 VS3s | 6 MW PV 9
Slide 10: Indian Energy, United States
Delivery in process, completion in 2023 Indian Energy, United States Microgrid | 10 MWh | 44 VS3s | 15 MW PV 10
Slide 11: Mistral: Evolution & Optimisation
Mistral: Evolution & Optimisation Mistral builds on Invinity’s proven core technology. Meeting the global storage imperative with class-leading performance, simplified installation, reduced maintenance and dramatically lower costs. VS3 Mistral Improvement Mistral Efficiency 67% 78% 17% MWh Footprint
Slide 12: Mistral's Mission: Renewable Baseload
Mistral’s Mission: Renewable Baseload Renewables will replace fuel-based generation when storage hits the right cost. Mistral will get there first. § Renewables provide lowest cost energy 250 but require storage to become baseload. LCOE 200 § Ultra-low LCOS requires high lifetime Peaking Parity thro
Slide 13: Summary: Large Market and the Right Product
Summary: Large Market and the Right Product Mistral Accessing a large market Appropriate product: Mistral § Global sales staff § Proven Invinity technology § 2 GWh sales pipeline § Dramatic improvement in economics § Widespread government support § Ability to scale 13
Slide 14: August 2023
IN INITY ENERGY SYSTEMS August 2023