- Vanadium flow batteries company Invinity Energy Systems said it had signed a contract worth £6.7 million to deliver an 8 MWh vanadium flow battery system for a solar-plus-storage project to be built in South Australia.

The project would deliver low- emission, dispatchable solar power to South Australia's electricity network, ensuring the grid receives solar-generated electricity on demand.

The fully-funded project was expected to be delivered during H2 2021, subject to planning permission.

The Invinity system had an anticipated revenue contribution of approximately £6.7m to the company and the overall project cost was projected at approximately $20m AUD.

At 8:52am: [LON:IES] share price was 0p at 130p

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