Invinity Energy Systems (IES LN), which develops Vanadium Flow Batteries (VFB) for utility scale grid storage, has provided an update on trading for the Full Year 2023 (FY 2023). IES confirms that it expects to recognise a minimum total income of £21.6m for FY 2023, a 500% increase on the prior year. We highlight this is a minimum and therefore aligned with our expectations for revenue of £24.7m in FY 2023. The Group is investing in its next-generation product, codenamed "Mistral." Additionally ....
