Investors are taking note of increased appetites and needs for longer duration storage, with Invinity Energy Systems eyeing greater scales of vanadium flow batteries following 2021’s £25 million fundraise.
Speaking to Current± in late 2021, Ed Porter, Invinity’s business development director, said that more and more people are taking an interest in the longer duration energy storage space.
Even two or three years ago, medium to longer duration storage was a “side thought” for net zero, whereas now players such as the Department for Business, Energy and Industrial Strategy (BEIS), National Grid, consultancies etc. are calling for longer duration storage to solve locational problems, balancing problems and net zero hurdles “that we just hasn’t had a consideration of”.
“We’re now seeing investors take note of that,” Porter said, with the funding…