MBM Commercial advises Innovatium on £3m investment

MBM Commercial has advised Scottish clean tech company Innovatium Limited in securing investment from global industrial innovator Hitachi Industrial Equipment Systems Co., Ltd. (HIES) and Scottish National Investment Bank to accelerate the deployment of its award-winning PRISMA™ Advanced Liquid Air Energy Storage (LAES) system, for industrial and grid-scale applications.

PRISMA is a unique technology that provides long-duration, flexible energy storage for energy intensive businesses. It aims to resolve intermittency issues in renewable energy generation and offers a cost-effective, safer and more environmentally friendly alternative to traditional storage options. The system, which is multi award-winning, works by cooling and liquefying compressed air using off-peak electricity, then converting it back into compressed air to generate power when needed. PRISMA delivers flexible, low-emissions storage that supports energy security, decarbonisation, and cost reduction.

The new investment will enable Innovatium to grow its team, scale production, and fast-track commercial rollout. The company believes that with support from its new investor partners, it can super-charge its impact within energy-intensive sectors such as data centres, where energy demand and sustainability pressures are a cause of global concern.

“This investment gives us the platform to scale-up significantly,” said Brian Jack, CEO of Innovatium. “Through our partnership with a global business such as HIES, we can now offer a much broader portfolio of solutions, creating new value for our customers in the UK and globally. This is a new and very exciting growth phase for us. We have immediate plans to grow our team, advance PRISMA technology, and build additional depth within the business to meet rising demand from customers. We have never been better-placed to deliver solutions to support the energy transition.”

Mr Jack says that backing from Scotland’s development bank SNIB reflects a strong vote of confidence in Innovatium, as well as the wider Scottish clean tech sector.