Leclanché SA

EQS-Adhoc: Leclanché SA: Selected by Swiss Green Electricity Management Group for First Energy Storage Project in U.S.


EQS Group-Ad-hoc: Leclanché SA / Key word(s): Contract
Leclanché SA: Selected by Swiss Green Electricity Management Group for First
Energy Storage Project in U.S.

01.11.2016 / 06:40
Release of an ad hoc announcement pursuant to Art. 53 KR.


--------------------------------------------------------------------------------
Leclanché Selected by Swiss Green Electricity Management Group for
First Energy Storage Project in U.S.

-Leclanché to serve as overall engineering, procurement and construction
contractor and turnkey battery energy storage system provider to the 20 MW / 10
MWh Marengo Energy Storage Plant (Chicago) developed by GlidePath Power

-Strategic partnership paves the way for a new business model to finance
projects in the utility-scale energy storage business

YVERDON LES BAINS, Switzerland and DALLAS, November 1, 2016 -Leclanché SA (SIX:
LECN), the leading global and vertically integrated battery energy storage
solution company, has been selected by Swiss Green Electricity Management Group
(SGEM) to serve as the engineering, procurement and construction (EPC)
contractor and battery energy storage system supplier for the Marengo project in
the PJM Market. This latest project, the company's first in the United States
following a project win in Canada earlier this year, strengthens the company's
presence in North America.

In August 2016, Leclanché signed a preferred partnership agreement with Swiss
Green Electricity Management Group (SGEM), an independent owner & operator of
energy storage assets. This partnership agreement for investments into
utility-scale energy storage projects begins with the Marengo Energy Storage
Plant in the U.S.

The Marengo 20 MW / 10 MWh grid-scale energy storage project is among the
largest, fully commercial battery storage projects in North America. The
Chicago-area project is being developed for the PJM Interconnection, the
regional market transmission operator. It was developed by GlidePath Power, a
leading developer of advanced energy solutions, which recently sold three
similar projects in the United States.

The Marengo Energy Storage Plant will be interconnected to the local
Commonwealth Edison Company (ComEd) electric grid and will provide real-time
frequency regulation service to PJM. The storage facility will respond almost
instantly to the continually changing needs of the grid, providing real-time
frequency regulation and allowing PJM to deliver higher quality reliable
electrical service at a lower cost to its end-users in 13 states and the
District of Columbia.

The increasing share of renewable energy in the electricity mix poses
substantial challenges to grid stability. As a direct result, demand for
frequency regulation is growing considerably. The smart deployment of battery
energy storage systems (BESS) is the lowest-cost solution to support grid
operators in their efforts to reduce and defer their investments into
transmission and distribution infrastructure upgrades.

SGEM provides equity capital, leads project finance and supervises the
construction and operation of energy storage infrastructure assets to deliver
optimum risk-adjusted returns to its investors. The Group invests in energy
storage projects on a build-own-operate model. Thanks to its partnership with
Leclanché, SGEM enjoys the right of first offer for all qualified projects of
the company which represent over 85 MWh for 2017.

"Next generation battery storage technology is creating a cleaner and more
efficient electrical systems across the U.S.," commented Dan Foley, CEO and
founder of GlidePath. "We are looking forward to working again with Leclanché as
we focus on developing new projects that provide reliable electricity to the
grid and end-users."

"This will be our first participation in the well-structured and dynamic PJM
energy storage market, and the Marengo Project offers SGEM investors the
opportunity to provide a long-term commitment to this fast-growing
infrastructure asset class," said Antoine Spillmann, chairman of SGEM and CEO
and Executive Partner at Swiss-based Bruellan Wealth Management. "We look
forward to a continued long-term partnership with Leclanché. The Marengo Project
illustrates Leclanché's technological expertise and its innovative solutions in
providing viable and competitive battery energy storage systems, as well as in
managing the construction of the asset as the global EPC project contractor. The
company's project portfolio and its order book provide a high-quality and
diversified pipeline of energy storage assets," Spillmann continued.

"The formation of SGEM and its acquisition of projects sends a strong signal
that international investors are recognizing the tremendous potential of this
exciting new infrastructure asset class. The pipeline of similar projects will
continue to generate a high-growth demand in North America. Leclanché is focused
on executing those projects, both on cost and on time. The Marengo Energy
Storage Project leads the way to additional future projects and we are convinced
that, thanks to investors such as SGEM, we will continue to play a leading role
in the energy storage industry," said Anil Srivastava, CEO of Leclanché.

About Leclanché
Leclanché SA (SIX: LECN) is a fully vertically integrated battery energy storage
solution provider. It delivers a wide range of turnkey energy storage solutions
for homes, small offices, large industries, electricity grids, as well as
hybridization for mass transport systems such as bus fleets and ferries.
Established in 1909, Leclanché has been a reliable partner for battery energy
storage solutions for over 100 years. Founded in the tradition of Georges
Leclanché, the inventor of the dry cell battery, Leclanché today offers a rich
portfolio of Battery Energy Storage Systems (BESS) comprised of bespoke battery
systems from industry leading lithium-ion solutions.
For more information, visit:www.leclanche.com

About SGEM
SGEM is an independent owner and operator of energy storage assets based in
Switzerland. Driven by its long-term vision as an investor in energy storage
infrastructure, SGEM covers all the value-added activities from final stage of
project development, financing, construction supervision, operations &
maintenance. SGEM built strong cooperation with various developers in selected
markets and geographies to complete the validation of their project technical
and economic performance. These different activities call on a range of
capabilities, including industrial expertise and financial innovation.
For more information, visit:www.sgemgroup.com

About GlidePath
GlidePath Power is a leading greenfield developer that has the depth of
experience and understanding spanning the breadth of skills required to develop
financeable power projects, regardless of the technology. In less than two
years, GlidePath Power has demonstrated its ability to develop, contract, and
commercialize three battery storage projects, totalling 60MW, or roughly 40% of
PJMs installed capacity of battery storage projects. GlidePath Power continues
to develop advanced energy solutions across the US, including 280MW of
additional PJM battery storage projects.
For more information, visit:www.glidepath.net

# # #

Media contacts

Global
Florent Gaillard
Tel: +41 (0) 24 424 65 00
E-Mail:florent.gaillard@leclanche.com

North America
Richard Anderson / Henry Feintuch
Feintuch Communications
Tel.: +1 (718) 986-1596 / (212) 808-4901
E-Mail:leclanche@feintuchpr.com

UK
Simon Barker
Questor Consulting
Tel.: +44 7866 314331
E-Mail:Sbarker@questorconsulting.com

Editor's Note:  A 3D artist's rendering of the Marengo project, as well as a
photo of the inside of a Leclanché battery container, are available upon
request.

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.


--------------------------------------------------------------------------------
End of ad hoc announcement------------------------------------------------------

Language: English

Company:  Leclanché SA

          Av. des Sports 42

          1400 Yverdon-les-Bains

          Switzerland

Phone:    +41 (24) 424 65-00

Fax:      +41 (24) 424 65-20

E-mail:investors@leclanche.com

Internet: www.leclanche.com

ISIN:     CH0110303119, CH0016271550

Valor:    A1CUUB, 812950

Listed:   SIX Swiss Exchange


End of News EQS Group News Service
--------------------------------------------------------------------------------
516215  01.11.2016 
 

 


Weitere Meldungen: Leclanché SA

Das könnte Sie auch interessieren: