Invinity Energy Systems Plc

Canaccord Genuity Acts as Nominated Adviser, Joint Bookrunner and Broker to Invinity Energy Systems Plc on its £21.5 Million Placing and Subscription

Canaccord Genuity is pleased to announce it has acted as Nominated Adviser, Joint Bookrunner and Broker on an oversubscribed Placing and Subscription for £21.5 million for Invinity Energy Systems plc (“Invinity” or the “Company”). 

Invinity manufactures flow batteries for business, industry and electrical networks that require large-scale, high-throughput energy storage. Invinity's batteries are designed to run continually with no degradation for over 25 years, making them suitable for the most demanding renewable energy applications and considerably longer-lasting than the incumbent lithium-ion alternative. The Company’s batteries have been deployed or contracted at more than 70 sites in 15 different countries on five continents. 

Invinity will use the funds raised to satisfy its working capital requirements through to end of H1 2024, at which point the Company expects to be at the initial commercial launch stage of its next generation battery. This next generation battery, when combined with solar or wind generation, could unlock clean energy on demand at a price below average gas baseload costs, playing a fundamental role in the global energy transition.

The transaction team consisted of Henry Fitzgerald O’Connor, Harry Pardoe and Gordon Hamilton. The sales team was led by Kit Stephenson.  ECM execution was provided by Sam Lucas and Darren Furby.