The start of construction of the 20.7MWh LoDES project is an important milestone for Invinity, who will recognise the £10m of grant income associated with the project in the current year, underpinning our existing forecasts. The project remains on the timetable signalled by the Company and will, as expected, add 3MW of co-located solar PV. Invinity’s decision to develop this project itself will provide the company with an operating asset that will be a valuable reference site allowing potential clients to evaluate the technology in a real-world setting.