‘A leading British energy start-up has threatened to pull investment from the UK after losing out to Chinese battery makers in a government support scheme.
Invinity Energy Systems, a British manufacturer backed by £25 million investment from the taxpayer-owned National Wealth Fund, was lined up to supply Vanadium flow batteries to 21 projects applying for the long-duration energy storage scheme, run by regulator Ofgem. But the shortlist for the scheme has selected just one project that uses its technology, in favour of others that rely on lithium-ion batteries — typically sourced from China.
Jonathan Marren, Invinity’s chief executive, said this could force the company to reconsider its UK manufacturing plans.‘
Hannah Prevett, 5th September 2026, The Sunday Times
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https://www.thetimes.com/article/e146e7df-4885-4a6a-a0bc-00056e9bda59
