Record Financial Performance and Order Book Growth

Invinity Energy Systems has announced a significant surge in commercial activity for the first half of 2026. Customer orders nearly tripled to 34.2 MWh, with revenue and project grant income climbing to £1.7 million. Gross losses have narrowed due to improved product margins, and the company maintains a net cash position of £10.5 million. Since H1, secured orders for 2026 have reached 77.2 MWh, supported by a robust commercial pipeline exceeding 12.5 GWh.

Mega-Projects in Europe and the UK

The company is making significant strides in European markets. Invinity successfully delivered a 20.7 MWh vanadium flow battery system to the Copwood VFB Energy Hub in East Sussex, marking Europe's largest system of its kind. Furthermore, Invinity was contracted by FlexBase Group to design a 1.5 GWh system for the Laufenburg Technology Centre in Switzerland, which is expected to expand to 2.1 GWh and become the world's largest vanadium flow battery installation.

North American Market Penetration

Reinforcing its push into North America, Invinity secured its largest contract to date: a 43 MWh order from Dairyland Power Cooperative. This project will be supplied from a planned U.S. manufacturing facility. Additionally, Invinity's batteries are set to power Frontier Power's Legacy project, which was selected under the UK's LDES Cap and Floor Scheme, expected to incorporate up to 260 MWh of its technology. With batteries in service already dispatching 11 GWh of energy, Invinity is solidifying its competitive position in the long-duration energy storage market.

Leadership and Strategic Positioning

To support this global expansion, energy industry veteran Volker Beckers has joined Invinity's board as a non-executive director, while Chairman Neil O’Brien plans to retire. CEO Jonathan Marren highlighted that surging demand from AI, electrification, and renewables is positioning the company's vanadium flow batteries competitively in the long-duration energy storage market.

This article was assisted by AI analysis. Please refer to the original source for official information.