Invinity Energy Systems (IES LN), has today announced Interim results for the period ending June 30th 2022 (1H 2022). IES’ Vanadium Flow Battery (VFB) technology is patented, in manufacture and targeting the global high-growth stationary storage market that underpins grid stability as renewable energy grows. 1H 2022 revenue was £1.4m and loss £11.6m on investment in R&D, marketing, inventory and in ramping operations to achieve scale. Backlog closed at £13.0m, the majority of which is expected ....
29 Sep 2022
Invinity Energy Systems: Interim Results
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Invinity Energy Systems: Interim Results
Invinity Energy Systems PLC (IES:LON) | 24.0 0 0.0% | Mkt Cap: 45.9m
- Published:
29 Sep 2022 -
Author:
Phil Smith -
Pages:
9
Invinity Energy Systems (IES LN), has today announced Interim results for the period ending June 30th 2022 (1H 2022). IES’ Vanadium Flow Battery (VFB) technology is patented, in manufacture and targeting the global high-growth stationary storage market that underpins grid stability as renewable energy grows. 1H 2022 revenue was £1.4m and loss £11.6m on investment in R&D, marketing, inventory and in ramping operations to achieve scale. Backlog closed at £13.0m, the majority of which is expected ....