A Vancouver-area innovator of battery storage technology announced this week that it has signed its first custom order for a next-generation product.
Taiwan’s Everdura Technology, which first expressed interest in Invinity Energy Systems last year, will be the first buyer of what the BC upstart has code-named “Mistral”—a 15 MWh vanadium flow battery.
The vanadium flow battery, Invinity’s flagship technological breakthrough, is designed to address large-scale energy storage needs for businesses, industries, and electrical networks.
Invinity batteries are well-suited for providing large-scale energy storage solutions, enabling efficient utilization of renewable energy sources and enhancing reliability of electrical networks, according to chief executive officer Larry Zulch, who says the technology can play crucial role in balancing supply and demand, “especially in scenarios where renewable energy generation fluctuates.”
“Mistral represents the future of grid-connected energy storage with market-leading scalability and economics,” Zulch stated. “Getting a first order for a new generation of product is always an important milestone, and having it come from Everdura, our trusted partner in Taiwan, is a demonstration of our deep relationship.”
The Mistral battery will be installed by Everdura—a 2022 joint venture between Everbrite Technology and Pronergy Technology—in Taiwan next year, and will kick off a “strategic manufacturing relationship” between Everdura and Invinity.
“Our long-standing connection is further supported by announcing our intention to enter into a strategic manufacturing relationship with Everdura to address the large and growing energy storage demand in Taiwan and greater Asia,” Zulch said.
Once operational, the project is expected to be the largest of its kind in Taiwan and the first time a VFB has provided energy regulation services for the Taiwanese grid.
“We are pleased to be the first launch customer for Mistral, Invinity’s next-generation product,” stated Everudura chairman Darren Yen.
According to Yen, the need for large-scale, non-lithium energy storage in Taiwan and the broader Asian region “has never been clearer.”
“Our confidence in Invinity’s products to meet the requirements of this growing market is demonstrated by our intention to develop a manufacturing partnership with them,” he said. “We are looking forward to great success with Mistral and a growing and prosperous relationship with Invinity.”
In addition to the battery order, Everdura and Invinity have signed a non-binding Memorandum of Understanding which proposes a strategic manufacturing partnership in Taiwan.
Should the commitment become definitive, it would generate a significant expansion of Invinity’s total global manufacturing capacity and greater access to Asian energy storage markets for both companies in the future.
Other recent collaborations from Invinity include supplying a VFB to Elemental Energy, a Canadian renewable project developer, for its Chappice Lake Solar Storage project in Alberta. This project combines a solar array with Invinity’s battery technology.
Recognized this year by BC Tech for climate leadership, Invinity was forged in 2020 from the combined fires of Alberta-born Avalon Battery and RedT in the UK.
With a manufacturing facility in East Vancouver, Invinity trades publicly on the London Stock Exchange.
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