Board Appointment

RNS Number : 9944Q

Invinity Energy Systems PLC

02 November 2021

 

2 November 2021

Invinity Energy Systems plc

("Invinity" or the "Company")

Board Appointment

Invinity Energy Systems plc (AIM:IES), leading global manufacturer of utility-grade energy storage , is pleased to announce the appointment of Kristina Peterson as a Non-Executive Director with immediate effect.

Kristina joins the Board of Invinity as an independent director and brings with her over 25 years of executive experience across the renewable energy, cleantech and investment banking sectors.

Kristina began her career in investment banking, holding senior positions within the structured and project finance power and telecom teams of ABN AMRO and Citibank. Since moving into the renewable energy and cleantech sector in 2007, Kristina has held senior executive positions within Brookfield Renewables (NYSE:BEP), one of the largest publicly-traded renewable power platforms, EDF Renewable Energy (EURONEXT:EDF), and global solar panel manufacturer Suntech. She currently holds the position of Senior Vice President, Power and Renewables with energy sector AI contract analytics software firm ThoughtTrace. She has built solar portfolios that deployed over $2.8bn in equity and mezzanine debt capital and has developed and managed over 2 GW of solar operating assets in her career to date.

Kristina earned her MBA in Finance from the University of Chicago Booth School of Business. She is an American citizen and is based in San Diego, California.  

Neil O'Brien, Chairman of Invinity Energy Systems said:

"I am delighted to welcome Kristina to the Board of Invinity Energy.  We continue to see vast potential for the Group and Kristina brings a wealth of skills and experience from the energy and investment banking worlds in what is a cornerstone North American market for us. Kristina will undoubtedly be a significant asset to the Invinity Board."

Kristina Peterson said:

"I'm very excited to join the board of Invinity at such an important time for the Company. The utility-grade battery storage market continues to grow globally and is a key enabling factor in the further development of renewable energy. I'm looking forward to applying my skills and experience within the clean energy and finance sector in support of Invinity's international growth plans."

Further Information

Kristina Ann Peterson, aged 58, holds or has held the following directorships or partnerships in the past five years:

Current directorships or partnerships	Previous directorships or partnerships
Augment Ventures Fund III, L.P. Mayflower Partners LLP Coalition for Green Capital	Iteros, Inc. Terraform Power UK Holdings Limited Norrington Solar Farm Limited

There are no other matters which are required to be disclosed in accordance with Rule 17 and paragraph (g) of Schedule Two of the AIM Rules for Companies.

Enquiries :

Invinity Energy Systems plc	[phone]
Larry Zulch, Chief Executive Officer
Peter Dixon-Clarke, Chief Financial Officer Joe Worthington, Director of Communications
Canaccord Genuity (Nominated Adviser and Joint Broker)	[phone]
Henry Fitzgerald-O'Connor / James Asensio
VSA Capital (Financial Adviser and Joint Broker) Andrew Monk / Simon Barton	[phone]
Hudson Sandler (Financial PR) Nick Lyon / Nick Moore	[phone]

Notes to Editors

Invinity Energy Systems plc (AIM:IES) manufactures flow batteries for large-scale, high-throughput energy storage requirements of business, industry and electrical networks.

Invinity's factory-built flow batteries run continually with no degradation for over 25 years, making them suitable for the most demanding applications in renewable energy production. Energy storage systems based on Invinity's batteries are safe, reliable, and economical, and range in size from less than 250 kilowatt-hours to tens of megawatt-hours.

Invinity was created in April 2020 through the merger of two flow battery industry leaders: redT energy plc and Avalon Battery Corporation. With over 10 MWh of systems deployed to date across 40 sites in 14 countries, Invinity is active in all major global energy storage markets and has operations in the UK, Canada, USA, China and South Africa. Invinity Energy Systems plc is listed on the London Stock Exchange.

To find out more, visit  invinity.com  or call Investor Relations on [phone]

 

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