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Ininity recently announced plans to deploy the world's largest solar+flow battery energy storage project to date. The Yadlamalka project will be deployed in South Australia, with plans to deploy a solar power facility with an installed capacity of 6MW and a project with an 8MWh vanadium flow battery energy storage system.

The project costs AUD 20 million ($15 million), including AUD 5.7 million in funding from the Australian Renewable Energy Agency. In addition to transferring electricity from solar power generation facilities, the battery energy storage system will also provide frequency control services for Australian energy market operators.

Harper said that projects such as this and another 8MWh vanadium flow battery energy storage system planned for the California Energy Commission, as well as other projects, will help the company move forward in the direction of cost reduction.

He said, "In order to validate the concept of liquid flow batteries, we established Avalon Company in 2013. Now we are deploying grid scale vanadium liquid flow battery energy storage systems, but we have not yet delivered energy storage projects with higher installed capacity. We will follow a reasonable growth curve for development

New investments and rapid rise in stock prices

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