Invinity Energy Systems Plc

Canaccord Genuity acts as Nominated Adviser, Joint Bookrunner and Broker to Invinity Energy Systems Plc on its £28.93 million Placing and Open Offer

Canaccord Genuity is pleased to announce it has acted as Nominated Adviser, Joint Bookrunner and Broker on a combined £28.93 million Placing and Open Offer for Invinity Energy Systems plc (“Invinity” or the “Company”) at price of 100 pence per Placing Unit. Each Unit comprised one new Ordinary Share and, for every two Ordinary Shares subscribed for, one Short-Term Warrant and one Long-Term Warrant.

Invinity manufactures flow batteries for large-scale, high-throughput energy storage requirements of business, industry and electrical networks. Invinity's factory-built flow batteries run continually with no degradation for over 25 years, making them suitable for the most demanding applications in renewable energy production. Over 25 MWh of the Company’s VS3 batteries or its predecessors have been deployed into or contracted for customer projects at more than 40 sites in 15 different countries on five continents.

The Company will use the funds raised to grow the market share of its current VS3 product, develop the Company's grid-scale product in conjunction with Gamesa Electric, a wholly owned subsidiary of Siemens Gamesa Renewable Energy, and maintain the current corporate growth trajectory.