Vanadium flow battery manufacturer Invinity Energy Systems has signed a Memorandum of Understanding with rental business Dawsongroup Power Solutions and aims to appoint Dawsongroup as exclusive partner for the UK equipment rental market.
The parties see strong potential for a rental market in the UK for vanadium flow batteries and expect to target customer commitments of more than 50 MWh over the next two years.
Dawsongroup rents out supply chain assets including transport, municipal services and cold storage and aims to its customers to accelerate their transition to net zero. It has bought a 0.22 MWh Invinity VS3 battery which will be installed at the its headquarters in Milton Keynes this year so Dawsongroup’s corporate customers can see Invinity’s technology in operation.
Lee Vines, Managing Director at Dawsongroup said, “Dawsongroup Power Solutions’ proposed partnership with Invinity is an exciting step towards supplying sustainable solutions for our customers. Invinity’s vanadium flow batteries combined with our Smarter Asset Strategy will provide renewable energy that is safe, reliable and economical for the most demanding applications; ideal for the transition to net zero.”
Matt Harper, Chief Commercial Officer at Invinity said, “Flexible equipment ownership is a great way for organizations to increase operational efficiencies. Invinity already has a strong book of business where our vanadium flow batteries are decreasing energy bills and accelerating decarbonisation for commercial and industrial customers by providing on-site, clean power. We’re very excited to work with Dawsongroup to deliver those same benefits to customers whose needs include agile worry-free asset ownership, significantly expanding our commercial opportunities.”