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Invinity Energy Systems (LSE:IES) has released its financial results for 2024, showcasing a pivotal year marked by technological innovation and strategic realignment. The company emphasized its transition from the legacy VS3 battery to the newly introduced ENDURIUM system, which has already started contributing to revenue.
A notable highlight was a 24% reduction in the production cost of the ENDURIUM battery, paired with a sharp rise in the average size of deals secured—an indication of strong and growing market interest. Launched in December 2024, the ENDURIUM battery is engineered to address the increasing demand for long-duration energy storage, which plays a critical role in balancing power grids reliant on renewable energy.
As part of its corporate restructuring, Invinity announced the withdrawal of its listing on the AQSE Growth Market while maintaining its presence on the AIM market of the London Stock Exchange. These actions reflect Invinity’s sharpened focus and solidify its leadership in the energy storage sector, driven by advancements in product innovation and market expansion.
About Invinity Energy Systems
Invinity Energy Systems plc is a global leader in manufacturing vanadium flow batteries tailored for industrial-scale energy storage needs. These systems are particularly effective for renewable energy integration, offering a durable lifespan exceeding 25 years with no performance degradation. Operating across major international markets—including the UK, USA, Canada, and China—Invinity was established in 2020 following the merger of redT energy plc and Avalon Battery Corporation.
