29th Nov 2024 09:56
Invinity Energy Systems PLC - London-based manufacturer of utility-grade energy storage systems - Hires Adam Howard to be chief financial officer and board director, starting December 9. Howard replaces Jonathan Marren, who was promoted to chief executive officer in September, replacing Larry Zulch.
Howard joins from the National Wealth Fund, where he led energy and infrastructure financing projects supporting the UK's net-zero transition. "The UK is at the forefront of the world in deploying offshore wind and phasing out coal. Invinity is a world leader in this field and has developed one of the most widely deployed long duration energy storage battery technologies globally", says Howard.
Invinity says Howard "shares our vision for Invinity's future, has experience of the market and the requisite skills to make this vision a reality."
Current stock price: 11.75 pence each, 2.2% up in London on Friday morning.
12-month change: down 61%
By Eva Castanedo, Alliance News reporter
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