Whopper of a deal | Energy storage | Road safety beneficiary
A high-performing AIM company covered here has announced a huge deal for one of its small subsidiaries, which looks set to dominate going forward.
Funding for First Phase of 40 MWh UK Solar + Storage Project Invinity Energy Systems (AIM:IES), the manufacturer of utility-grade energy storage which we covered in a premium article here: ‘Energy storage: the next big growth area’ has been awarded £708,371 of funding from the Department for Business, Energy & Industrial Strategy (BEIS) under Phase 1 of the Longer Duration Energy Storage (LODES) Demonstration competition. This award will fund a comprehensive planning and feasibility study on what could become one of the UK's largest co-located solar and energy storage projects. If Phase 1 is deemed successful, the Company then expects…