UK Infrastructure Bank completed the £25m investment in Invinity Energy Systems.

UK Infrastructure Bank, a British state-owned development bank, completed the £25m investment in Invinity Energy Systems, a battery manufacturing company. “Electricity storage technologies have a crucial role to play in balancing the energy system in response to volatility in supply and demand as the UK transitions to net zero. However, the market of investors in more nascent longer-duration technologies like vanadium flow has developed more slowly than for lithium-ion batteries. Our cornerstone investment has helped Invinity to mobilise the additional private investment needed to scale their manufacturing, supporting the development of a promising new longer-duration technology,” John Flint, UK Infrastructure Bank CEO.