TIDMIES
Invinity Energy Systems PLC
01 December 2023
1 December 2023
Invinity Energy Systems plc
("Invinity" or the "Company")
Invinity meets Premier of British Columbia & Hosts Canadian
Delegation
Matt Harper and other New Economy Canada members discussed key
energy transition proposals and incentives with B.C. Government;
B.C. Energy, Mines and Low Carbon Minister visits Energy Superhub
Oxford
Invinity Energy Systems plc (AIM: IES) (AQSE: IES) (OTCQX:
IESVF) a leading global manufacturer of utility-grade energy
storage is delighted to announce that Invinity's Chief Commercial
Officer Matt Harper met British Columbia (B.C.) Premier David Eby,
Senior Cabinet Ministers and key members of the Opposition last
week at the Legislative Assembly of British Columbia in Victoria,
B.C.. These meetings were part of a series organised by New Economy
Canada to discuss how clean energy infrastructure, including
vanadium flow batteries, can help the province decarbonise while
growing a strong industrial base.
Matt Harper, CCO, Invinity (left) with David Eby, Premier of
British Columbia
A number of proposals covering energy supply, infrastructure and
ongoing industrial strategy were discussed during the two-day
event, including specific proposals that could see energy storage
be included in a major new clean electricity procurement expected
to be launched by provincial electrical utility BC Hydro in early
2024. New Economy Canada members also called for the introduction
of initiatives to support the expansion of B.C. businesses whose
products, services and technology can accelerate the global path to
net zero.
New Economy Canada, of which Invinity is a member, is a newly
formed non-partisan initiative uniting over 45 prominent business,
Indigenous and labour groups such as Siemens Energy, First Nations
Major Projects Coalition and the International Brotherhood of
Electrical Workers (IBEW). New Economy Canada's mission is to
ensure Canada has the right policies in place to simultaneously
encourage economic growth, deliver green jobs and accelerate the
transition to a decarbonised economy. In so doing, its members
expect to lay strong foundations for a 1.5C-aligned future while
enhancing Canada's industrial and economic competitiveness.
In line with Invinity's political engagement strategy targeting
global policy- and decision- makers, the Company continues to
successfully meet and discuss with senior government members and
other policy and economic advisors from Canada, the UK, the U.S.
and Australia. In recent months, Invinity has hosted Jonathan
Wilkinson, Canadian Minister for Energy and Natural Resources,
MÃ iri McAllan MSP, Cabinet Secretary for Transport, Net Zero and
Just Transition in Scotland and other senior ministers at the
Company's facilities and projects. Invinity was also delighted to
be profiled in the UK Government's first ever Battery Strategy
announced earlier this week.
Most recently, Invinity, alongside its customer EDF Renewables
and Oxford City Council, hosted Josie Osborne, B.C. Minister of
Energy, Mines and Low Carbon Innovation, at the Energy Superhub
Oxford during a trip to the UK.
Above (L-R): Tim Rose, EDF Renewables, Josie Osborne and Joe
Worthington, Invinity in front of Invinity's 5 MWh vanadium flow
battery at the Energy Superhub Oxford
A recent UN report highlighted that despite positive
developments Canada needs to continue accelerating investment
towards the transition to clean energy if it is to meet its 2030
emissions reduction target. Energy storage is increasingly
recognised as the way to increase the reliability of renewable
generation, allowing an increasing proportion of global energy
demand to be served by such low-cost, low-carbon sources.
Josie Osborne, B.C. Minister of Energy, Mines and Low Carbon
Innovation said:
"It was a pleasure to visit the Energy Superhub Oxford and see
first-hand how B.C.-based Invinity's vanadium flow battery
technology is playing an important role in delivering urban
decarbonisation and accelerating progress towards net zero.
British Columbia has a proud history of innovation and seeing
Invinity's technology, which continues to be designed and developed
in British Columbia, deployed at ever increasing scale across the
world is extremely inspiring."
Matt Harper, Chief Commercial Officer at Invinity said:
"Because our energy industries - from the production of
conventional fuels to the delivery of power to our homes - are so
highly regulated, it takes dedicated, coordinated work by
stakeholders at all levels to drive real change.
Invinity have been tremendously encouraged by how governments
and policy-makers across all of our major markets are recognising
the role our vanadium flow batteries can play in accelerating the
path to global net zero while delivering economic growth and good,
durable jobs.
We hope that Minister Osborne's visit to our pioneering project
at the Energy Superhub Oxford can help inform her and her
government's already impressive vision for how British Columbia and
the world can accelerate along that path."
Stay up to date with news from Invinity. Join the distribution
list for the Company's monthly investor newsletter here .
Enquiries :
Invinity Energy Systems plc +44 (0)20 4551 0361
Jonathan Marren, Chief Financial Officer and
Chief Development Officer
Joe Worthington, Director of Communications
Tavistock (Financial PR Advisor) +44 (0)20 7920 3150
Simon Hudson / Charles Baister invinity@tavistock.co.uk
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 over 70 MWh of systems already deployed or
contracted for delivery across over 79 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 listed 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 +44
(0)20 4551 0361 or ir@invinity.com
About Reach announcements
This is a Reach announcement. Reach is an investor communication
service aimed at assisting listed and unlisted (including AIM
quoted) companies to distribute media only / non-regulatory news
releases into the public domain. Information required to be
notified under the AIM Rules for Companies, Market Abuse Regulation
or other regulation would be disseminated as an RNS regulatory
announcement and not on Reach.
This information is provided by Reach, the non-regulatory press
release distribution service of RNS, part of the London Stock
Exchange. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NRADFLBBXLLEFBQ
(END) Dow Jones Newswires
December 01, 2023 03:00 ET (08:00 GMT)
Invinity Energy Systems (AQSE:IES)
Historical Stock Chart
From Oct 2024 to Nov 2024
Invinity Energy Systems (AQSE:IES)
Historical Stock Chart
From Nov 2023 to Nov 2024
