Gg bb

[Gg bb @GregBro67375554]

@GarciaCap @AndyRenfrew @GarciaCap behave yourself 😂

[Gg bb @GregBro67375554]

@kittysull1 https://t.co/okSjSuYWBO

They’re a wonderful company with a truly brilliant product! It’s a bit of a shame that manufacturing and jobs may be moving overseas. Is there anything that you could do Kirsteen MP?

[Invinity Energy Systems @InvinityEnergy]

Delighted to welcome @neso_energy to our Motherwell facility recently to learn more about how our Endurium VFBs can provide the flexible #energystorage needed to deliver a secure, sustainable & affordable energy system & show some Endurium VFBs being completed for delivery.

[Gg bb @GregBro67375554]

https://t.co/okSjSuYWBO
If Ofgem / Government / Planning cannot see the golden opportunity they have in their hands, I fear they are truly lost.
#ies #VRFB
I wouldn’t blame @InvinityEnergy

[Flaber @flaberghastedUK]

#IES - 2nd spot in the LDES bankability Index for non-lithium. Think the company is being massively overlooked at the moment.

[Gg bb @GregBro67375554]

@BigBiteNow There’s no download link so far

[Gg bb @GregBro67375554]

@FarrarSerge @PaulMClapham @shoogahsnaps @99_loss_capital @PoweredByEos Preach!

[Gg bb @GregBro67375554]

@InvinityEnergy @CalEnergy Very very good work Invinity. Keep it up! #ies

[Gg bb @GregBro67375554]

@RidyardMike Surprised you sold IES with the cap and floor announcement, imminent!

[BBN @BigBiteNow]

The Ofgem Spark May Newsletter states that the Cap and Floor decision list will be published this month.

#IES

[Gg bb @GregBro67375554]

@flaberghastedUK @PaulMClapham @VOXmarkets In honesty, I’m quite happy that the understanding / detail given was poor. The market doesn’t understand this company. Bring on the cap and floor…. Hopefully, people will soon understand very clearly.

[Invinity Energy Systems @InvinityEnergy]

We welcome @RachelReevesMP "buy British" comments concerning energy infrastructure. Invinity is the UK's leading domestic #battery manufacturer. Our @MadeinBritainGB #VFBs support lower energy bills & enhance national energy security @mgshanks @kittysull1 https://t.co/tRmgthisVx

[Invinity Energy Systems @InvinityEnergy]

Great coverage by @ryohtarohsatoh in @FT of our project for @flexbase_group in Switzerland including quoting our CEO Jonathan Marren on the suitability of our VFBs to support the power needs of datacentres
https://t.co/zG2wcfugNV #energystorage #vfb

[Gg bb @GregBro67375554]

@BigBiteNow Congratulations BBN - you have been championing this company for years and provided brilliant insight.

[Gg bb @GregBro67375554]

Today is a very good day.
2.1 GwH!
Congratulations @invinityenergy #IES

https://t.co/PVpyVJBLq0

[Gg bb @GregBro67375554]

@AmonkMonkey - I think a lot of people want to hear your insight on data centres and energy / storage!

[BBN @BigBiteNow]

#IES
Get your head around this.

The UK Cap and Floor scheme has 77 eligible projects with a combined 28.7 GW of discharge (power) capacity.

All projects must meet a minimum of 8 hours of duration at full power.

This implies a minimum total energy capacity of ~230 GWh across the eligible pipeline.

However, some projects, such as pumped storage, propose much longer (GWh) durations.

Also, the VRFB project Hagshaw LDES is 500MW, but with 12 hours duration = 6GWh.

The smallest pure VRFB project is 50MW, which at 8 hours duration = 400 MWh.

At Invinity's 2028 forecast price of $250 KWh, one project win at that size would deliver $100m in revenues.

Under the Ofgem technology diversity approach, that is the absolute minimum investors should expect.

However, in addition to the pure VRFB projects, we also have 16x VRFB/zinc projects, all led by Frontier Power. So there is a strong argument that one of each is the absolute minimum award.

Exact VRFB content in these projects is not available, but the smallest is again 50MW.

That indicates that the minimum award for Invinity will be somewhere between $100m and $200m.

What is also worth considering is that whilst lithium-ion dominates the overall tender, those projects still have to prove that they need cap and floor support to get built.

Ofgem has stated they require between 2.7GW and 7.7GW of discharge (power) capacity for Window 1 of the UK LDES Cap and Floor scheme.

But they have stated these are not hard targets. The final total will be decided on cost-benefit analysis, deliverability, and value to consumers. So what will matter is the viability of the VRFB projects, and Invinity is confident they have an advantage here.

That places the total discharge required at between 21.6GWh and 61.6GWh.

If Invinity-related projects won just the two above projects, they would receive 0.8GWh of work, which equates to just 3.7% of the total minimum award (21.6GWh).

That would be exceptionally low but would still be a game-changer for the company at these levels.

The big prize is Hagshaw, which I and others have posted about already. That project represents the motherload. But a combination of the other projects would also be high impact.

So the reality is the base case is $100m - $200m with a free shot at several billion dollars of major projects.

Could they get nothing? That is possible, but the criteria for the tender + their local content + their ability to roll out projects well before 2030 + their (forecast) 2028 competitive pricing says they have more than enough going for them to at least win the base case.

[Gg bb @GregBro67375554]

@BigBiteNow It’s flying. Is now the moment?!

[Gg bb @GregBro67375554]

@AmonkMonkey I really do respect your opinion Andrew, but why is the general enconomic consensus that brexit caused 4-5% reduction in GDP?

https://t.co/vGST47RN3p

[Invinity Energy Systems @InvinityEnergy]

“This project is about far more than a single battery system – it is proof that Britain can build the infrastructure needed to transform the country into a clean energy superpower." Jonathan Marren, CEO. Read more: https://t.co/dIQo5sdm0A #ldes #energystorage #vfb