AIM Listed Jersey Company Supports Greener Futures

The Client

Invinity Energy Systems plc.

The Challenge

Unlike conventional battery technologies, vanadium flow batteries do not degrade with continued charge and discharge cycling, allowing them to deliver durable, low-cost storage over decades of service.

These batteries are ideal for providing accessible energy ‘on-demand’ from renewable sources, replacing traditional storage systems, many of which use rare, expensive minerals or have disposal problems.

Solution

Oak Group provides a wide range of Jersey corporate administration services for clients producing renewable energy solutions around the world. In April 2020, Jersey company redT energy plc completed a complex merger with US business Avalon Battery Corporation to create Invinity, recognised as a leading producer of vanadium flow batteries. The newly merged entity was a Jersey registered holding company.

Based on many years of relevant experience, Oak has supported Invinity Energy Systems plc and its predecessor throughout life as a listed company. Solar energy generation especially has suffered from a shortage of durable and portable storage. Invinity seeks to fill that gap while producing investable project returns and Oak is proud to support them in reducing energy wastage and carbon emissions.

Results

Following a successful fund raise on AIM, the company has significantly accelerated its rollout. Although active across all key international energy storage markets, Invinity decided to retain its Jersey corporate residence.