Leclanche, Eneris Ink Battery Energy Storage Deal (Int'l. Report)
Yverdon-Les-Bains, Switzerland-based energy storage specialist Leclanche SA is reporting a strategic reorganization which will convert the company into a market oriented, research-driven, software and systems integration company with expanded production and R&D capabilities based on a partnership agreement with Eneris Group.
To that end, the Company and Eneris have signed three interrelated agreements under which:
Eneris will provide Leclanche with working capital financing of up to CHF 42 million ($43.6 million) to fully fund the business plan through June 2021;
Licensing of Leclanche's technology to Eneris against payment of a royalty fee of up to CHF 32 million ($33.2 million) according to an agreed-upon payment schedule. This licensing is non-exclusive on a right to use basis, with the freedom to carry out future developments. The licensing is applicable worldwide excluding India;
Creation of two manufacturing JVs in which Eneris will hold the majority of the share capital thanks to an investment in excess of CHF 53 million ($55 million) for a major capacity expansion programme: one in Germany for the production of cells and the other in Switzerland and Poland for the assembly of modules. A third is being considered for France.
Leclanche will sign a production offtake agreement with Eneris in which Eneris will reserve the required production capacity for Leclanche in the coming years; and
Leclanche will retain full ownership of its technology and continue to invest in R&D activities for cells, modules and Battery Management Systems (BMS). (Source: Leclanche, PR, June, 2020) Contact: Leclanche SA, www.leclanche.com; Eneris Group, www.eneris.pl/en/o-nas/eneris-group
More Low-Carbon Energy News Leclanche, Battery, Energy Storage, Eneris Group,
Leclanche Touts St. Kitts-Nevis Solar Plus Storage Project (Int'l)
In the Caribbean, the Government of St. Kitts and Nevis, the state-owned St. Kitts Electric Company (SKELEC) and the Swiss energy storage specialist Leclanche SA are touting the planned construction of
a 35.6 MW solar energy plant and 44.2 MWh battery storage facility adjacent to the City of Basseterre on the island of St. Kitts. When fully operational, the system will provide between 25-30 pct of the island nation's electric power requirements.
Leclanche will serve as the prime engineering, procurement and construction contractor for the installation of both the solar photovoltaic (PV) system and battery energy storage system and will be responsible for the completed project's management, operations, maintenance and warranties.
SKELEC and Leclanche have inked a 20-year Power Purchase Agreement (PPA) for the facility's output.
Ground-breaking is slated for mid-October 2019 for completion and commissioning in September 2020.
(Source: Leclanche, PR, 7 Aug., 2019) Contact: Leclanche Anil Srivastava, CEO, +41 (0) 24 424 65 00, Fax: +41 (0)24 424 65 20, firstname.lastname@example.org, www.leclanche.com; St. Kitts Electric Company, 869-465-2000, www.skelec.kn
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Exide, Leclanche Report Indian Li-Ion Battery JV (Ind. Report)
Exide Industries Limited
Kolkata, India-based Exide Industries Limited and Switzerland-headquartered energy storage specialist Leclanche S.A. are reporting a lithium-ion cells, modules and battery pack manufacturing JV in the Indian state of Gujarat. The project is expected to be fully operational by Q2, 2019.
Exide is India's largest manufacturer of lead acid batteries and energy storage solutions.
In a filing to the Bombay Stock Exchange (BSE), however, Exide will make an initial capital contribution of about $5.4 million for a 74.99 pct stake in the new facility.
(Source: Exide, Leclanche,PV Mag, 28 June, 2018) Contact: Exide Industries Limited, www.exideindustries.com; Leclanche, Anil Srivastava, CEO, +41 (0) 24 424 65 00, Fax: +41 (0)24 424 65 20, email@example.com, www.leclanche.com
More Low-Carbon Energy News Exide, Leclanche, Battery Energy Storage, Li-Ion, Lithium-Ion,
Leclanche Investor Increases Stake to $76Mn (Int'l Report)
Swiss vertically-integrated battery and energy storage system and equipment maker Leclanche is reporting receipt of a CHF25 million investment from its main existing investor
FEFAM. With this additional CHF25 million, FEFAm has invested a total of CHF75 million in the energy storage company to date, according to Leclanche.
FEFAM is aggregated from four 'sub-funds': AM Investment SCA, SICAV-SIF, a liquid assets sub-fund; Finexis Equity Fund's multi-asset strategy sub-fund, its renewable energy sub-fund and Finexis' E-money strategies sub-fund, aka Energy Storage Invest.
(Source: Leclanche, Energy Storage News, 5 June, 2018) Contact: Leclanche, Anil Srivastava, CEO, +41 (0)24 424 65 00,
Fax: +41 (0)24 424 65 20, firstname.lastname@example.org, www.leclanche.com
More Low-Carbon Energy News Leclanche , Energy Storage, Lithium-Ion Battery,
Enertrag, Enel Tout German Wind Energy Storage Project (Int'l)
Enel Green Power,Enertragis
Italy's Enel Green Power (EGP) reports it is partnering with German wind developer Enertrag to construct a 22MW battery energy storage project at Cremzow, Brandenburg, Germany. The €17 million project, which will provide grid stabilization services through primary frequency regulation will incorporate
Swiss manufactured lithium-ion batteries from Leclanche, the EPC contractor for the two-phase scheme.
The first 2MW section of the Cremzow plant is expected to be operational in April, with the remaining 20MW due online by year-end.
The facility, which will be integrated with Enertrag wind farms and use surplus energy to charge the battery, will be owned by a special purpose vehicle in which Enel Green Power Germany has a 90 pct stake and Enertrag the remaining 10 pct. (Source: Enel Green Power, 22 Feb., 2018) Contact: Enel Green Power NA, Antonio Cammisecra, CEO, Connor Branch, Bus. Dev., (978) 681-1900, www.enelgreenpower.com; Enertrag, +49 39854 6459-0, www.entertag.com; Leclanche, www.leclanche.com
More Low-Carbon Energy News Leclanche, Battery Energy Storage, Enertrag, Enel Green Power, Energy Storage,
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