Invinity Energy Systems Announces Strategic Partnership for LDES Projects
Why we think this is neutral
This RNS announcement is a general update on a strategic partnership between Invinity Energy Systems and Frontier Power to target the UK LDES Cap and Floor Scheme. While the news is positive, it does not fall into any of the mandatory news types specified, so a neutral sentiment score is appropriate.
Key Points
- Strategic partnership between Invinity and Frontier Power to target UK LDES Cap and Floor Scheme
- Frontier Power has signed agreement with Ethos Green Energy to secure connections and land options for up to 20 GWh of LDES projects
- Invinity has reserved up to 2 GWh of its manufacturing capacity to support Frontier Power's LDES project bids
Summary
The energy storage company has announced a strategic partnership to target UK LDES projects, with its partner securing connections and land options to support up to 20 GWh of LDES projects.
Invinity Energy Systems plc (AIM: IES) has announced a strategic partnership with Frontier Power to target multiple bids into the UK LDES Cap and Floor Scheme. Frontier has now signed a joint development agreement with Ethos Green Energy to provide exclusive access to multiple connection points and land options to support up to 20 GWh of LDES projects, including those using Invinity's ENDURIUM batteries.
Key Dates
16 April 2025
RNS announcement on strategic partnership for LDES projects
Early Q1 2025
First bid window for UK LDES Cap and Floor Scheme
GENERAL UPDATE