Invinity Energy Systems Delivers Solid Q1 2025 Trading Update
Why we think this is good
The Q1 2025 trading update from Invinity Energy Systems plc paints a positive picture of the company's performance. While the results are reported to be in line with expectations, the company is making significant progress on its 12-month corporate priorities, including shipping orders, expanding manufacturing capabilities, and securing new commercial opportunities. The company's strong balance sheet, focus on operational efficiency, and undervalued share price relative to its 52-week high suggest a solid foundation for future growth.
Key Points
- Q1 2025 trading in line with expectations
- Secured 10.8 MWh ENDURIUM battery system order from STS Group
- Received 14.4 MWh order from strategic partner Everdura Technology Company
- Expects to recognize up to £10m of grant income this year for LODES project
- Launched next-generation ENDURIUM flow battery, first shipment to partner Gamesa Electric
- Implementing manufacturing enhancements to double stack production
- Actively expanding global presence to target long-duration energy storage opportunities
Summary
Invinity Energy Systems plc (AIM: IES) has provided a Q1 2025 trading update, confirming that results for the full year 2024 are anticipated to be in line with expectations. The company also states it is currently trading in line with expectations for 2025, citing several key developments:
- Agreement to supply a 10.8 MWh ENDURIUM battery system to STS Group, with financial close expected in Q2 2025
- 14.4 MWh order from Everdura Technology Company, Invinity's strategic partner in Taiwan
- Up to £10m of grant income recognition this year for the LODES project
The update also highlights progress on the company's ENDURIUM product launch, manufacturing enhancements, and plans to expand its global presence to capitalize on the growing long-duration energy storage market opportunities.