Scotland's Energy Secretary Tours Invinity Factory

Invinity Energy Systems PLC

08 August 2024

 

8 August 2024

Invinity Energy Systems plc

("Invinity" or the "Company")

Scotland's Energy Secretary Visits New Motherwell Facility

Gillian Martin MSP, Scotland's Acting Cabinet Secretary for Net Zero and Energy, praises Invinity's progress, highlighting the Company's role in delivering a just transition to net zero

Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF) a leading global manufacturer of utility-grade energy storage, was delighted to welcome Gillian Martin MSP, the Acting Cabinet Secretary for Net Zero and Energy in Scotland, to the Company's new Motherwell manufacturing facility yesterday.

Above (L-R): Eddie McAvinchey, UK Infrastructure Bank; Jean-Louis Cols, VP of Global Partner Development and Paul Docherty, VP of Manufacturing Operations, Invinity; Gillian Martin MSP, Acting Cabinet Secretary for Net Zero and Energy; Jonathan Marren, Chief Financial Officer and Chief Development Officer, Invinity

Ms. Martin was given a guided tour of the recently opened 26,000 sq.ft facility and met with key members of Invinity's staff, including a number who have transitioned from the oil and gas sector. During the visit, Ms. Martin received updates on the deployment of Invinity's technology in the UK and around the world and discussed the role that Invinity's products are playing in accelerating progress towards Net Zero in Scotland and beyond. This is the second time Ms. Martin has visited an Invinity facility in Scotland, having previously toured the Company's factory in Bathgate in July 2023.

Update on Change of Domicile

Separately to the above and further to the announcement on 1 May 2024, Invinity continues to advance the process of redomiciling the Company from Jersey to the UK. The required court hearing dates have now been provisionally scheduled and the Company expects to complete the process during Q4 2024.

Acting Cabinet Secretary for Net Zero and Energy, Gillian Martin MSP said:

"Scotland is at the forefront of developing the technology required for the energy transition, including the innovative battery storage that will deliver real benefits for citizens and support our ongoing efforts for a just transition to net zero by 2045.

I am delighted to see the progress Invinity have made since my last visit, with this new facility key to the scaling of their production."

Jonathan Marren, Chief Financial Officer and Chief Development Officer at Invinity said:

"We are delighted to have once again welcomed Ms. Martin to our facility and demonstrate Invinity's rapid growth in the 12 months since her last visit. Our Scottish operations are integral to our global business and we are extremely grateful for the significant level of engagement received from both the UK and Scottish Governments in recent times. We applaud the launch of Great British Energy and the decision to headquarter it in Scotland and look forward to working with all stakeholders over the coming months to turbocharge the UK's journey to Net Zero."

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Enquiries:

Invinity Energy Systems plc	[phone]
Jonathan Marren, Chief Financial Officer and Chief Development Officer Joe Worthington, Director of Communications and Investor Relations
Tavistock (Financial PR Advisor)	[phone]
Simon Hudson / Saskia Sizen / Adam Baynes	[e-mail]

Notes to Editors

Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX: IESVF) manufactures vanadium 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 75 MWh of systems already deployed or contracted for delivery across 82 sites in 15 countries, Invinity is active in all major global energy storage markets and has operations in the UK, Canada, USA, China and Australia. Invinity Energy Systems plc is quoted in the UK on AIM and AQSE and trades in the USA on OTCQX.

To find out more, visit invinity.com, sign up to our monthly Investor Newsletter here or contact Investor Relations on via [phone] or [e-mail].

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