Infinity raised over 500 million yuan to promote the manufacturing and deployment of liquid flow batteries

Classification:Industrial News

 - Author:ZH Energy

 - Release time:Jun-18-2024

【 Summary 】Recently, UK vanadium flow battery storage company Inventy Energy Systems plc (AIM: IES) announced that it has raised £ 57.38 million (approximately RMB 530 million) through a stock issuance, with pla

Recently, UK vanadium flow battery storage company Inventy Energy Systems plc (AIM: IES) announced that it has raised £ 57.38 million (approximately RMB 530 million) through a stock issuance, with plans to use the proceeds for internal investment and external mergers and acquisitions.

These funds will be used to acquire a minority stake in the Long Term Energy Storage (LDES) project to promote the sales of the company's products and advance the manufacturing and deployment of its vanadium flow battery technology. The proceeds will also improve Ininity's balance sheet to deliver large-scale commercial orders.

The following week, Infinity announced plans to establish a new manufacturing plant in Mathewell, North Lanark, which, once put into operation, will increase the company's vanadium flow battery long-term energy storage (LDES) manufacturing capacity to 500 MWh per year. The factory is mainly used for battery assembly and is expected to be operational in the third quarter of 2024.
It is reported that Infinity already has a production base in Basgate, West Lothian County. When the Mathewell factory is put into operation, the base will be able to focus on producing the company's patented battery packs. In addition to adding new production capacity, Ininity also plans to upgrade the Basket factory and install a semi automated production line later this year, which is expected to increase production capacity and reduce unit production costs.
Inventy was founded in April 2020 by the merger of RedT Energy PLC and Avalon Battery Corporation. The company has deployed or contracted to deliver 75 MWh systems at 82 sites in 15 countries



更多阅读:
英国公布对长时储能的支持计划
中和储能产品:全钒液流电池-储能系统/BMS
中和储能产品:液流电池-电极/隔膜
中和储能产品:液流电池-单电池/电堆
中和储能名列全球最值得关注的10家液流电池初创公司