YVERDON LES BAINS, Switzerland, 6 November 2017: Leclanché SA (SIX: LECN), one of the world’s leading energy storage solution companies, announced today that it has received an order for a 15 MWh (EUR 5 million) battery storage project from swb, an energy services provider in Germany.
The hybrid storage solution developed by swb consists of six Leclanché storage containers, which interact with a swb thermal storage infrastructure to ensure cost effective grid ancillary services. Usual battery storage applications use the battery for symmetrical services, such as charging and discharging. The better value heat system replaces the “charge” part of swb’s symmetrical storage infrastructure. The main purpose of the hybrid system is the optimisation of investment and operational costs. Commissioning of the complete system is scheduled for March 2018.
Anil Srivastava, CEO of Leclanché, said: “We are delighted to receive this order from swb. It endorses our software and system integration capability and experience of delivering similar projects around the world, and further solidifies our 2018 business outlook and path to EBITDA breakeven.”
Hybrid and stand-alone battery energy storage systems have the ability to replace grid ancillary services provided today by conventional power stations, contributing to a far more environmentally-friendly stabilisation of the grid.
Energy storage solutions have a significant role to play in the global utility scale generation (stabilisation and peak-shifting) and micro grids (renewable integration) industries, which are expected to see a Combined Annual Growth Rate (CAGR) of 48 per cent to a value of $4.2bn in the four years to 2020, according to Navigant Research.
Headquartered in Switzerland, Leclanché SA is a leading provider of high-quality energy storage solutions designed to accelerate our progress towards a clean energy future. Leclanché’s history and heritage is rooted in over 100 years of battery and energy storage innovation and the Company is a trusted provider of energy storage solutions globally. This coupled with the Company’s culture of German engineering and Swiss precision and quality, continues to make Leclanché the partner of choice for both disruptors, established companies and governments who are pioneering positive changes in how energy is produced, distributed and consumed around the world. The energy transition is being driven primarily by changes in the management of our electricity networks and the electrification of transport, and these two end markets form the backbone of our strategy and business model. Leclanché is at the heart of the convergence of the electrification of transport and the changes in the distribution network. Leclanché is the only listed pure play energy storage company in the world, organised along three business units: stationary storage solutions, e-Transport solutions and specialty batteries systems. Leclanché is listed on the Swiss Stock Exchange (SIX: LECN).
SIX Swiss Exchange: ticker symbol LECN | ISIN CH 011 030 311 9
This press release contains certain forward-looking statements relating to Leclanché’s business, which can be identified by terminology such as “strategic”, “proposes”, “to introduce”, “will”, “planned”, “expected”, “commitment”, “expects”, “set”, “preparing”, “plans”, “estimates”, “aims”, “would”, “potential”, “awaiting”, “estimated”, “proposal”, or similar expressions, or by expressed or implied discussions regarding the ramp up of Leclanché’s production capacity, potential applications for existing products, or regarding potential future revenues from any such products, or potential future sales or earnings of Leclanché or any of its business units. You should not place undue reliance on these statements. Such forward-looking statements reflect the current views of Leclanché regarding future events, and involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. There can be no guarantee that Leclanché’s products will achieve any particular revenue levels. Nor can there be any guarantee that Leclanché, or any of the business units, will achieve any particular financial results.
Media Switzerland /Europe:
T: +41 (0) 79 785 35 81
Media North America:
Henry Feintuch / Ashley Blas
T: +1-914-548-6924 / +1-509-494-4053
T: +49 (0) 711 947 670
Anil Srivastava / Hubert Angleys
T: +41 (0) 24 424 65 00