Invinity Energy Systems has announced that 9 UK developers have chosen its vanadium flow batteries for their Long Duration Energy Storage (LDES) Cap & Floor bids. This highlights the value of the Cap & Floor scheme, which provides revenue certainty for developers and manufacturers. The scheme is unlocking market confidence and investment in non-lithium energy storage technologies, such as flow batteries. The UK’s Cap & Floor mechanism is supporting grid resilience, clean energy integration, and job creation. Flow Batteries Europe (FBE) is urging EU policymakers to introduce a similar revenue model to support the development of a sovereign LDES industry. The UK’s scheme has already helped to reduce curtailment costs, which totaled £402 million from 2020-2021. Invinity’s CEO, Jonathan Marren, expressed delight at the positive feedback from partners, with significant quantities of their UK-made vanadium flow batteries being proposed for the scheme. Successful bids will help lower energy costs for consumers and provide economic benefits across the UK.
Invinity Energy Systems chosen for several UK Long Duration Energy Storage Capacity and Floor Price bid submissions
