The 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").
19 October 2026
Invinity Energy Systems plc
("Invinity" or the "Company")
Statement Regarding Proposed Fundraise
Invinity Energy Systems plc (AIM: IES) notes recent commentary regarding the Company. Further to its announcement at 7.00 a.m. on 19 October 2026 in respect of a Proposed Fundraise and Capital Access Window, Invinity confirms that National Wealth Fund, which holds approximately 19% of the Company’s issued share capital, is expected to participate in the Proposed Fundraise.
The Company intends to use the minimum gross proceeds of approximately £20 million from the Proposed Fundraise as follows:
- approximately £10 million to accelerate development and product cost reduction;
- approximately £8 million for working capital; and
- approximately £2 million to invest in manufacturing capacity in the UK and USA.
Further to the announcement of its interim results on 21 September 2026, Volker Beckers CBE, currently a Non-Executive Director, has been selected to succeed Neil O'Brien as Non-Executive Chair. His appointment is expected to take effect following completion of the Proposed Fundraise. Neil O’Brien has also indicated his intention to participate in the Proposed Fundraise.
Further details of the Proposed Fundraise will be announced in due course.
Stay up to date with news from Invinity. Join the distribution list for the Company’s monthly investor newsletter here.
Enquiries:
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Invinity Energy Systems plc |
+44 (0)20 4551 0361 |
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Jonathan Marren, Chief Executive Officer Joe Worthington, Senior Director, Corporate Affairs |
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Canaccord Genuity (Nominated Adviser and Joint Broker) |
+44 (0)20 7523 8000 |
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Henry Fitzgerald-O'Connor / Harry Pardoe / Charlie Hammond |
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Panmure Liberum (Joint Broker) |
+44 (0)20 3100 2000 |
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Scott Mathieson / Amrit Mahbubani / Inaya Rafique |
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VSA Capital (Joint Broker) |
+44 (0)20 3005 5000 |
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Andrew Monk / Andrew Raca |
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Notes to Editors
Invinity Energy Systems plc (AIM: IES) is a world-leading manufacturer of vanadium flow batteries for energy storage. Built in our factories in the UK and Canada, the Company's proven, commercialised, flexible energy storage technology has been deployed at scale and dispatched gigawatt-hours of electricity for customers across the world.
Invinity's safe, scalable and durable battery technology is a trusted and safer alternative to lithium-ion batteries. Endurium VFBs are engineered for heavy-duty, high throughput applications, they don't wear out, cannot catch fire and are designed to be operated for 30 years or more. Our products address the challenges of our global energy system, unlocking the power of renewable generation by delivering energy storage without limits.
To find out more, visit invinity.com, sign up to our monthly Investor Newsletter here or contact Investor Relations on via +44 (0)20 4551 0361 or ir@invinity.com.
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