Invinity Energy

December 03 2020 - RiverFort Successfully Bridges Invinity Energy Systems to £20M Institutional Fund Raise.


Invinity Energy Systems, the AIM listed manufacturer of vanadium flow batteries for the large-scale energy storage requirements of businesses, industry and electricity networks, has completed a £20M institutional fund raise at the placing price of £1.75, representing an 8.1% discount.


In March, alongside an equity investment from Schroders, Riverfort provided a £3M convertible loan package to Invinity. This empowered Invinity to complete its merger, secure new contracts including an 8 MWh Vanadium Flow Battery system for a utility-scale solar-plus-storage project and has led to over a 250% increase in share price.