The UK Infrastructure Bank has today announced a £25 million direct equity investment into Invinity Energy Systems plc, a leading manufacturer of vanadium flow batteries, to support the commercial development of longer-duration energy storage from their base in Bathgate, Scotland.
The Bank’s financing forms the cornerstone of a £56 million fundraise with UKIB’s investment accelerating the deployment of Invinity’s existing and next generation vanadium flow battery products onto the UK grid. Durable and easy to deploy at scale, Invinity’s batteries have lower levels of degradation compared to other storage technologies and do not suffer from thermal runaway making them well suited to a broad range of grid-scale battery applications.
