EQS Group-Ad-hoc: Leclanché SA / Key word(s): Contract/Development of Sales
Leclanché SA: Leclanché Building Complete Energy Storage Systems for
Commercial and Industrial Applications with NRStor C&I in Canada
08-Feb-2018 / 07:22 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.
*Leclanché Building Complete Energy Storage Systems
for Commercial and Industrial Applications with NRStor C&I in Canada*
*- Leclanché to provide its first BTM battery energy storage systems in
North America*
*- NRStor C&I will be the owner and operator of the projects*
*- The first industrial site is now in construction*
*YVERDON LES BAINS, Switzerland; DALLAS; and TORONTO, February 8, 2018 -
*Leclanché SA (SIX: LECN), a leading global and vertically-integrated
battery energy storage solution company, has been selected by NRStor C&I, a
subsidiary of NRStor Inc., to build a complete battery energy storage system
under a turn-key EPC agreement for an Ontario-based industrial company
seeking to reduce its energy costs through emissions-free technology.
NRStor C&I, based in Toronto, is the principal investor in this project and
will serve as the project owner and operator. It is a leading Canadian
energy storage project developer and owner in the commercial, industrial and
institutional space. NRStor C&I operates under a build, own and operate
structure with a goal of reducing customers' electricity cost via peak
demand reduction and optimizing multiple cashflow streams while utilizing a
fossil fuel-free technology that helps customers reduce their carbon
footprint.
The battery energy storage system (BESS) will have a 2.0 MW output capacity
and a lithium ion battery storage system with a duration of at least 2 hours
(4.0 MWh) and utilize Leclanché's energy management and fleet management
software systems for control and optimization of the asset performance.
Leclanche also has preliminary agreements for two other industrial locations
with NRStor that will also utilize this standardized product and Leclanché
in-house design in its own specific configurations.
_"These first C&I storage systems which Leclanché will install in North
America represent a further expansion of our stationary business and they
represent an important, growing segment of our energy storage offerings in
the region," _said Anil Srivastava, CEO, Leclanché. _"We are very pleased to
have NRStor as our partner in this first project as one of Canada's leading
energy storage development companies implementing behind the meter solutions
for the country's commercial and industrial segments." _
The goal of the behind the meter (BTM) energy storage system is to
significantly reduce a customer's energy demand during peak periods when
energy and demand charges are very high while also providing ancillary
services to the grid and allowing customers to optimize the usage of onsite
emission-free renewable energy. Leclanché's C&I energy storage systems are
also designed to integrate multiple on-site electric vehicle (EV) charging
stations to meet the rapid expansion of fast charge electric vehicles.
In addition to the C&I energy storage project announced today, Leclanché has
several major storage initiatives underway in both Canada and the U.S. The
company is nearing completion of an advanced battery storage project in
Ontario, Canada, known as the Basin Project. The high-quality project, built
and owned by Leclanché and development partner Deltro Energy, is the first
utility-scale energy storage facility designed to balance the Ontario power
grid, with a total investment of approximately USD $25 million.
Leclanché has installed other C&I energy storage systems in Europe and Asia
and will present a fully-integrated C&I product line in the second quarter
of 2018 for both large- and mid-scale customers which provides a combination
of smart standardized in-house design and flexibility for multiple battery
technologies and application differences. With these products, Leclanché
will also integrate innovative EV fast-charging technology as it foresees
the convergence of electrification in the transportation sector and advanced
distributed power applications.
In July 2017, Leclanché announced an agreement between Toronto-based eCAMION
to develop and install a network of 34 fast-charging stations along the
Trans-Canada Highway (TCH). The project, designed to encourage the adoption
of EVs in Canada, entails an investment of CAD $17.3 million (USD $13.6
million) and is being partially funded by a CAD $8.0 million (USD $6.2
million) repayable contribution from Natural Resources Canada (NRCan) under
the Canadian Energy Innovation Program.
In addition, Leclanché is currently serving as the turn-key engineering,
procurement and construction (EPC) contractor and battery energy storage
system supplier for the Marengo project in the PJM Market in the United
States. This is a 20 MW / 20 MWh grid-scale energy storage project which 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 independent system operator of the
transmission grid.
*About Leclanché*
Leclanché is one of the world's leading fully vertically integrated energy
storage solution providers. It delivers a wide range of 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 trusted provider of
battery energy storage solutions for over 100 years. Founded in the
tradition of Georges Leclanché, the inventor of the dry cell battery,
Leclanché today has a rich portfolio of Battery Energy Storage Systems
(BESS) that include bespoke battery systems from industry leading
lithium-ion solutions. Leclanché is listed on the Swiss stock exchange, and
is the only listed pure-play energy storage company in the world.
SIX Swiss Exchange: ticker symbol LECN | ISIN CH 011 030 311 9
For more information, visit: www.leclanche.com [1].
*About NRStor C&I*
NRStor C&I L.P., a subsidiary of NRStor Inc., is a turn-key BTM energy
storage solution provider for commercial, industrial and institutional
customers. NRStor C&I provides energy storage as a service under a turn-key
build, own, and operate business model where no-capital outlay is required
from the customer. For more information, visit: www.nrstor.com/ [2]
*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 revenue levels. Nor can there be any guarantee that Leclanché, or any of
the business units, will achieve any particular financial results.
# # #
*Media contacts*
*Investor Contacts*
Anil Srivastava / Hubert Angleys
Tel.: +41 (0) 24 424 65 00
E-Mail: invest.leclanche@leclanche.com
*North America*
Richard Anderson / Cara Johnson
Feintuch Communications
Tel.: +1 (718) 986-1596 / (212) 808-4904
E-Mail: leclanche@feintuchpr.com
*UK/Global*
Simon Barker
Questor Consulting
Tel.: +44 7866 314331
E-Mail: Sbarker@questorconsulting.com
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 Announcement EQS Group News Service
652551 08-Feb-2018 CET/CEST
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(END) Dow Jones Newswires
February 08, 2018 01:22 ET (06:22 GMT)
