June 30, 2023: Invinity Vitality Programs CEO Larry Zulch requires ‘redox’ to be dropped from the movement batteries lexicon.
Zulch informed the Worldwide Circulation Battery Discussion board in Prague on June 27 that it’s time to drop the phrase in favor of solely ‘vanadium movement batteries’ (VFBs) because the sector “enters the mainstream”.
“My hope is that that is one thing we will all agree on because the business strikes ahead,” Zulch mentioned.
Nonetheless, a fast present of fingers within the IFBF viewers confirmed combined views – with one delegate talking Journal of Vitality Storage it’s too straightforward to desert redox in an try to present movement batteries a picture change whereas the know-how continues to be making its mark.
Makes an attempt to do one thing related with lead acid batteries failed 5 years in the past when there was a transfer to drop the phrase “acid” from the nomenclature in a transfer to enhance the picture of the enterprise.
In the meantime, Zulch unveiled Invinity’s next-generation VFB undertaking, the ‘Mistral’, with first deliveries to prospects scheduled for subsequent yr.
Mistral is appropriate for large-scale (+500MWh) wind, utility and photo voltaic set up tasks based mostly on the corporate’s VS3 know-how, which goals to decrease whole price of possession beneath $50/MWh in 2026.
Invinity mentioned on June 16 that its newly expanded facility in Vancouver will now have the ability to produce as much as 200MWh of VFB yearly and revealed that the corporate has achieved almost 31MWh of VFB orders by the tip of 2022.
The corporate has constructed its cell stacks in Vancouver, Scotland and China — and Zulch mentioned the corporate is amongst these looking for monetary help underneath the Inflation Discount Act to construct within the US.
In Might 2022, Invinity introduced the appointment of a company advisory crew to broaden its presence within the US industrial and monetary markets.
The corporate mentioned EAS Advisors’ preliminary focus shall be to extend the extent of investor exercise within the US for Invinity – working with the corporate’s joint brokers Canaccord Genuity and VSA Capital.