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Invinity Energy Systems PLC - London-based energy storage company - Says Hyosung Heavy Industries, part of South Korean industrial conglomerate Hyosung Corp, successfully concludes test and validation program of battery energy storage system purchased from Invinity back in 2020. The test validates using Invinity's energy storage across Hyosung's portfolio.
Hyosung is one of the largest energy storage and renewable energy project developers in the region, and among South Korea's largest suppliers of electrical equipment. Invinity and Hyosung sign a memorandum of understanding for a non-binding global partnership, with an exclusive relationship in Korea.
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