2nd Jan 2026 14:24
(Alliance News) - Invinity Energy Systems PLC on Friday said it anticipated a higher than previously calculated full-year revenue, as it hailed a "substantial pipeline" of orders going into 2026.
Shares in Invinity Energy rose 7.9% to 20.23 pence on Friday afternoon in London.
The London-based manufacturer of utility-grade energy storage systems said it anticipates recording revenue and project grant income, for the financial year ended on Wednesday, to be approximately GBP17 million.
This has risen 13% from around GBP15 million in September, which was what the company had calculated was the 2025 figure for signed committed or booked revenue and grant income.
Invinity said the increase reflects product shipment to STS, Ideona and HITT, and having claimed the majority of the grant funding available for the Invinity Copwood VFB Energy Hub.
For financial 2024, Invinity reported a revenue of GBP5 million.
The company noted repeat orders from Ideona, saying it has signed two agreements with one of the firm's subsidiaries to supply 20 megawatt-hours of vanadium flow battery systems in Hungary.
"We look forward to supporting Ideona as these projects progress to financial close and into delivery during 2026, and to further expanding our partnership as the market for grid-scale long duration energy storage continues to develop," said Chief Executive Jonathan Marren.
Invinity added that it has continued to work with its partners within the UK LDES Cap and Floor programme to advance applications for delivery to 21 projects across the UK.
As of Friday, the company said it has an order book worth GBP17 million in signed contracts and sales agreements. It comprises approximately GBP8 million signed committed, and around GBP9 million signed uncommitted.
"This order book...together with the substantial pipeline of potential order for 2026 and beyond, gives significant confidence in the future prospects for the company," the company said.
CEO Marren added: "With a scalable manufacturing footprint, an expanded product range and a strong pipeline across utility-scale and behind-the-meter markets, we believe Invinity is well positioned to drive further growth and strengthen its position as a global leader in long-duration energy storage."
By Roya Shahidi, Alliance News reporter
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