Energy storage: the next big growth area (Updated)
A well-supported fund raise in December to support its manufacturing expansion highlights the appeal of this energy storage specialist, whose proven technology should be in increasing demand as the move to renewables grows. The latest trading update suggests it is also making good progress in expanding its manufacturing capacity. Read our updated note here to find out more about this fascinating business.
Invinity Energy Systems (LON:IES), the manufacturer of vanadium flow batteries for large-scale energy storage requirements raised £20.5m at 175 pence share earlier in December drawing attention to its considerable growth prospects. There was also an Open Offer to raise a further £2m at the same price bringing the total raised to £22.5m.
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