Global Trade Alert
Global Trade Alert

United Kingdom: Introduction of funding to support commercial development of longer-duration energy storage

Announcement

02 May 2024

In May 2024, the UK Infrastructure Bank announced financial support for Invinity Energy Systems plc, a UK-based manufacturer of vanadium flow batteries.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

02 May 2024

Revocation date:

No revocation date

Updated: 02 May 2024
Capital injection and equity stakes (including bailouts) In force

On 2 May 2024, the UK Infrastructure Bank announced direct equity support having a value of GBP 25 million (USD 31.2 million) to Invinity Energy Systems to support its commercial development of lon...

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