Invinity Energy Systems Enters Strategic Partnership in China
Why we think this is good
The RNS announcement about Invinity Energy Systems entering into a strategic partnership with a Chinese company is positive news. The agreement provides the company with an opportunity to expand into the large and growing Chinese energy storage market, and it is expected to significantly reduce the manufactured cost of Invinity's products globally. While the financial details are not explicitly stated, the partnership appears to be a significant step forward for the company's growth and competitiveness.
Key Points
- Invinity Energy Systems has entered into a licensing and royalty agreement with Chinese partner UESNT
- The agreement allows UESNT to manufacture and sell Invinity's ENDURIUM vanadium flow batteries in China
- The agreement targets production of at least 1.9 GWh, with an initial objective of 300 MWh in 2026
- Invinity will be able to source components and systems from UESNT for global delivery, reducing manufacturing costs
- The partnership provides Invinity with access to a stable, long-term source of vanadium electrolyte in China at a fixed price
Summary
Invinity Energy Systems has entered into a licensing and royalty agreement with a Chinese strategic partner, Guangxi United Energy Storage New Materials Technology Limited (UESNT), to manufacture and sell Invinity's ENDURIUM vanadium flow batteries in China. The agreement runs until 2030 and targets production of at least 1.9 GWh, with an initial objective of 300 MWh in 2026. In addition, Invinity will be able to source components and systems from UESNT for global delivery, which is expected to significantly reduce the manufactured cost of ENDURIUM projects worldwide. The partnership also provides Invinity with access to a stable, long-term source of vanadium electrolyte in China at a fixed price.