Invinity Enters Hungarian Market with Vanadium
Invinity Energy Systems has announced its entry into the Hungarian market with the sale of a 0.9 MWh vanadium flow battery to a
STS Group, a leading Hungarian renewable energy project developer, has purchased a 1.5 MWh vanadium flow battery for use in a solar plus storage project near the municipality of Öskü, central Hungary.
For many years, vanadium-flow batteries have been a favored technology to enter the energy storage space in a serious way, and the London-based firm forecasts that it could become a major player in the market, second to lithium-ion batteries.
Vanadium batteries have a lower energy density – they are better at delivering a consistent amount of power over significantly longer periods. More importantly, a vanadium flow battery can handle far more charge-discharge cycles than a lithium-ion battery.
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