Invinity has provided a brief trading update ahead of its AGM today. The company continues to trade in line with previous guidance and now expects H1 23 total income of not less than £13.0m, comparing favourably to our forecast annual revenue figure of £22.4m for FY23, assuming the pace of delivery continues through H2. In addition to this, Invinity also announced a 0.4MWh battery sale into a new European market. This is a positive update showing continuing commercial progress as the company converts a commercial interest pipeline of over 2 GWh.
