-(4)Ininity reduces the cost of liquid flow batteries after the merger

(4)Ininity reduces the cost of liquid flow batteries after the merger
author:enerbyte source:本站 click351 Release date: 2023-10-27 09:40:50
abstract:
The stock trading price of Ininity in the first two months after its listing in March this year was approximately £ 0.45. The company issued new shares in early December this year, raising £ 20.5 million ($27.65 million) and will refinance £ 2 million ($2.7 million) in the public offering p...

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The stock trading price of Ininity in the first two months after its listing in March this year was approximately £ 0.45. The company issued new shares in early December this year, raising £ 20.5 million ($27.65 million) and will refinance £ 2 million ($2.7 million) in the public offering process. The stock price issued in December was £ 1.75 ($2.36) per share. The current price is approximately £ 1.90 ($2.56). Harper stated that the current investment level is sufficient to enable the company to continue implementing its investment plan.

He said, "We will start having repeatable income and profitable projects in 2021, which is good, opening up various other avenues for the growth capital we may ultimately need. In the foreseeable future, we are in a favorable position

Harper pointed out that one advantage of liquid flow battery technology compared to lithium-ion battery technology is that it does not require more funds to build large production factories to expand production scale. The liquid flow battery energy storage system can be assembled within 4 to 8 months after receiving an order, which gives its production process the same modular advantages as the vanadium liquid flow battery itself.

He said, "Our vanadium flow battery looks like an assembly plant. This means to us that we are very flexible in increasing production capacity and can produce flow batteries quite quickly at relatively low costs. This will help us expand deployment scale faster and complete deployment faster compared to lithium-ion battery energy storage systems

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