Energy storage: the next big growth area
News of a funding win for a UK Government-backed feasibility study, which aims to deliver one of UK's largest storage-enabled solar power resources, is an example of the scale of potential contracts in the energy storage arena. Our updated note here tells you more about the latest news from this fascinating business.
Invinity Energy Systems (LON:IES) was formed in April 2020 as the result of a merger between AIM listed redT energy PLC and Canada based Avalon Battery Corporation, two vanadium flow battery manufacturers. The combined Group’s Vanadium Flow Battery ("VFB") technology is backed by over 15 years of development, 73 patents and approximately £40m of investment. How do VFBs workA flow battery is a cross between a conventional battery and a fuel cell. Liquid electrolyte of metallic salts (Eg vanadium salt) is pumped through a core that consists of a positive and negative electrode, separated by a membrane. The ion exchange…