**Summary of Invinity Energy Systems PLCs 2025 Interim Results**
Invinity Energy Systems PLC, a global leader in utility-grade energy storage, released its unaudited consolidated results for the six months ended 30 June 2025, highlighting significant progress and strategic advancements.
**Financial Highlights**
**Revenue and Project Grant Income** £2.0 million in H1 2025, up from £1.6 million in H1 2024.
**Order Book** £20.0 million for 2025, driving heavily H2-weighted revenues.
**Loss Reduction** Operating loss decreased to £10.2 million from £11.4 million in H1 2024.
**New Customer Orders** 11.7 MWh signed in H1 2025, a 193% year-on-year increase.
**Net Cash** £18.7 million as of 30 June 2025.
**Key Achievements**
**Cost Reduction** Achieved a 43% reduction in delivered battery cost transitioning from VS3 to Endurium.
**Endurium Projects** 16.7 GWh of projects confirmed eligible for the UK Cap and Floor Scheme, potentially creating up to 1,000 manufacturing jobs in Scotland.
**Strategic Investments** Secured £25.0 million in strategic investments from Atri Energy Transition Limited and Next Gen Mobility, increasing cash reserves to £39.7 million as of 29 September 2025.
**Strategic Focus**
**Global Expansion** Plans to globalize manufacturing operations in the USA, India, and China over the next 12 months.
**Cost Down Programme** Continued focus on reducing Endurium costs to enhance product margins and competitiveness.
**Market Opportunities** Engaged in procurement schemes in the USA and Canada, with early-stage applications totaling multiple gigawatt-hours for delivery across 2027-29.
**Management Commentary**
CEO Jonathan Marren emphasized the companys transformational progress, highlighting the significant step forward with the UK Cap and Floor Scheme eligibility and the broadening of partnerships in India and China. He underscored the growing momentum in reducing product costs and building a foundation for long-term success.
**Outlook**
Invinity remains focused on delivering against its order book, advancing cost reduction initiatives, and scaling operations to meet global demand for long-duration energy storage (LDES). The company anticipates continued growth and strategic advancements in the coming years, supported by its technologically advanced products and expanding global presence.