Other Press Releases

Leclanché & Younicos : ground-breaking project

Fri Apr 10

Leclanché joins Younicos in delivering a world-leading renewable energy-powered microgrid solution to La Graciosa. Berlin/Austin/Yverdon-les-Bains, 10 April 2015: Swiss battery manufacturer Leclanché is to play a key role in the game-changing renewable energy project currently being developed in Graciosa by Younicos, a German-American specialist in renewable energy integration. Leclanché will provide the complete Battery Energy Storage Solution (BESS), using its industry-leading lithium-ion batteries, which will be combined with Younicos Energy Management software. Additionally, an affiliate of Recharge, one of Leclanché’s largest shareholders, will provide €3.5M in convertible debt financing to the project’s operating company Graciolica, a wholly-owned subsidiary of Younicos. Both announcements are milestones that will help accelerate implementation of the project in the coming weeks and will ensure substantial progress during the course of 2015.
The world’s first megawatt-scale renewable energy plus storage system, currently being built on the island of Graciosa in the Azores (Portugal), will set new standards for islands worldwide. Furthermore, by stabilizing the grid without the rotating mass of a conventional thermal engine, the system will enable the grid to be fully powered by wind and solar energy. The centerpiece of the system is a fully automated, intelligently managed 2.8 megawatt battery park integrated into the intelligent energy management system developed by Younicos. In addition, the system will incorporate wind (4.5 MW) and solar (1 MW) power resources, and intelligent inverters. The renewable energy-powered grid will boost the island’s annual share of renewable energies, from a previous limit of 15 percent to up to 65 percent and thus allow the island to reduce its dependence on fuel imports.

James P. McDougall, CEO of Younicos, on teaming with Leclanché:This is an exciting partnership on many levels. We have long been intrigued by Leclanché’s BESS and are confident that – coupled with our software – it will provide an extremely stable backbone of a fundamentally new energy system. At the same time, working with an industry-leading battery manufacturer such as Leclanché, and with Recharge as financing partner, underscores the ability of Younicos to lead micro-grid projects worldwide.” Anil Srivastava, CEO of Leclanché, commenting on the deal: “We are very excited to team up with Younicos for this truly innovative island solution. We are confident that our wide range of BESS, seamlessly integrated with Younicos’ global leading Energy Management Software, will make this project a reference in the industry. This is a strong validation of Leclanché’s growth strategy and of its position as a leader in this high potential, fastgrowing competitive market. We commend Recharge for its vision to invest in this groundbreaking project and are honored to work together to successfully carry out the renewable energy transformation on Graciosa.”

About Leclanché

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

 

Disclaimer

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.

Contacts

 

Media Switzerland /Europe:

Thierry Meyer

T: +41 (0) 79 785 35 81

E-mail: tme@dynamicsgroup.ch

 

Media North America:

Henry Feintuch / Ashley Blas

T: +1-914-548-6924 / +1-509-494-4053

E-mail: leclanche@feintuchpr.com

 

Media Germany:

Christoph Miller

T: +49 (0) 711 947 670

E-mail: leclanche@sympra.de

 

Investor Contacts:

Anil Srivastava / Hubert Angleys

T: +41 (0) 24 424 65 00

E-mail: invest.leclanche@leclanche.com