Invinity Energy Systems plc unveiled its strategy today to bolster its long-duration energy storage (LDES) manufacturing capability with a new facility in Motherwell, North Lanarkshire. The move is set to elevate the company's annual manufacturing capacity to 500 MWh.
The British firm has secured a 26,000 square feet (2,415 sq m) site for its upcoming manufacturing hub, primarily dedicated to battery assembly. Operations are slated to commence in the third quarter of 2024.
With an existing manufacturing site in Bathgate, West Lothian, Invinity plans to optimize its production capabilities. The Bathgate facility will shift its focus to producing the company's patented cell stack once the Motherwell factory is operational.
Moreover, Invinity aims to enhance its Bathgate site by implementing a semi-automated production line later this year. The upgrade is anticipated to amplify manufacturing capacity and decrease unit production costs.
Invinity, established in 2020, has already made significant strides in the energy storage sector, with 75 MWh of systems deployed or contracted for delivery across 82 sites in 15 countries.
The company recently concluded a successful share offering, raising GBP 57.38 million (USD 72.9m/EUR 67.2m) gross. The proceeds are earmarked for both organic and inorganic growth investments.
