Case Study
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Transforming the Future of Renewable Energy Storage with Invinity

Transforming the Future of Renewable Energy Storage with Invinity

Invinity Energy Systems is the market leader in non-lithium, long-duration energy storage, offering the most advanced vanadium flow batteries on the market. With over a decade of experience and batteries deployed in more than 80 projects worldwide, Invinity has solidified its presence in key markets, including the UK, Europe, North America, and Australia. Recently, Invinity launched ENDURIUM, its fourth-generation vanadium flow battery product, further cementing its role in driving the renewable energy transition.

As a global player in energy storage, Invinity works with Gridcog to provide advanced modelling and forecasting expertise for large-scale energy storage projects.

Tackling Complexity Across Expanding Markets

Invinity's operations span diverse markets with varying customer demands and policy environments. This means Invinity requires sophisticated tools to educate clients about vanadium flow batteries and how the technology fits into large-scale energy projects.

Joe Worthington, Senior Director, Corporate Affairs at Invinity

Joe Worthington, Senior Director, Corporate Affairs at Invinity, said:

“Energy storage is not a one-size-fits-all market. There are many different technologies, and each has its own specialties. Our aim is to work in partnership with our clients, educating them in how our technology works within the context of their specific projects and how it can benefit their business.”

Initially, Invinity managed these needs internally:

“We also have in-house modelling capabilities, but keeping our own models updated in real time with market trends, policies, and developments across the UK, Europe, North America, and Australia is a significant effort. Gridcog simplifies this.”

“It’s also helpful when generating proposals. With Gridcog, it's automated—you get a clear report to send to the customer.”

Leveraging Gridcog’s Advanced Modelling Capabilities

Gridcog’s platform supports scenario-driven modelling, allowing Invinity to forecast and optimise front-of-meter and behind-the-meter revenue streams. This functionality is essential for large-scale energy storage projects, where financial viability depends on location, tariffs, and market conditions.

Ece Sayin, Director of Market Intelligence at Invinity, noted:

“We were looking for a platform that could model both front-of-meter and behind-the-meter systems in key markets, supported by a team with deep market expertise to address market-specific subtleties in the modelling.”

One major advantage of Gridcog is its ability to test multiple project configurations simultaneously, saving time and improving proposal accuracy:

“Gridcog lets us model the impact of different scenarios quickly and accurately,” Ece explained.

The ability to visualise financial returns has bolstered confidence in new projects:

“Gridcog enables us to visualise the future and give our customers a clearer picture of what their project cashflows look like, particularly when integrating our vanadium flow batteries with other renewable energy sources,” added Joe.

Accelerating Expansion with ENDURIUM

The recent launch of ENDURIUM, Invinity’s next-generation vanadium flow battery, underscores the company’s commitment to innovation. Gridcog plays a crucial role in modelling ENDURIUM’s performance across diverse markets, from standalone systems to hybrid integrations with solar and wind.

“Gridcog’s ability to simulate different setups—whether it’s a standalone battery or integrated into a hybrid system—has made it a critical tool in our decision-making process,” said Ece.

This capability allows Invinity to adapt to local market dynamics, secure new projects, and scale globally, especially in regions like the UK, Europe, and North America, where long-duration storage solutions are critical for grid stability.

Shaping the Future of Energy Storage

As the renewable energy market evolves, the need for reliable, scalable energy storage grows. Invinity’s vanadium flow batteries, combined with Gridcog’s advanced modeling tools, are pivotal in realising a sustainable, net-zero energy future.

“Gridcog’s platform will be vital in helping us scale our energy storage projects and unlock new revenue opportunities,” said Joe. “With the right modelling tools, we can continue to drive innovation in energy storage and contribute to a cleaner, more sustainable grid.”

By leveraging cutting-edge technology and data-driven insights, Invinity remains at the forefront of renewable energy innovation, ensuring that their long-duration energy storage solutions continue to lead the way in transforming the global energy landscape.

Genna Boyle
Director UK & Europe
Gridcog
12.12.2024
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