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Invinity Energy Systems wins contract to supply vanadium flow battery system in South Australia
StockMarketWire.com
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Vanadium flow batteries company Invinity Energy Systems said it had signed a contract worth £6.7 million to deliver an 8 MWh vanadium flow battery system for a solar-plus-storage project to be built in South Australia.
The project would deliver low- emission, dispatchable solar power to South Australia's electricity network, ensuring the grid receives solar-generated electricity on demand.
The fully-funded project was expected to be delivered during H2 2021, subject to planning permission.
The Invinity system had an anticipated revenue contribution of approximately £6.7m to the company and the overall project cost was projected at approximately $20m AUD.
At 8:52am: (LON:IES) share price was 0p at 130p
Story provided by StockMarketWire.com
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