IN BRIEF: Invinity Energy reports battery system sale to Pacific Steel
Invinity Energy Systems PLC - London-based manufacturer of utility-grade energy storage systems - Reports the sale of a 32 megawatt-hour battery system to California-based reinforcing steel fabricator, Pacific Steel Group. Explains this is for installation at Pacific Steel's Mojave Micro Mill project in California, with the battery being supported by grant funding from the California Energy Commission's LDES Program. Adds that once delivered, it is expected to be the largest vanadium flow battery system in North America to date. Says project construction at the mill began in June last year, with the mill anticipated to enter operation in the second half of next year. Adds that delivery of the batteries is expected to start in the first quarter of next year, with associated revenues recognised at this point. Read More