Leclanché SA
Leclanché SA: Younicos and Leclanché partner on Graciosa project
Leclanché SA / Key word(s): Miscellaneous Younicos and Leclanché partner on Graciosa project Leclanché joins Younicos in delivering a world-leading renewable energy-powered micro-grid 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 EUR3.5M 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.” About Younicos About Leclanché Leclanché products are characterized by a very high cycle stability (cells with titanate anode) and long service life. Thanks to our patented separator technology, which is a core element of lithium ion cells with titanate anode, Leclanché is able to make cells with very good safety characteristics in automated production. Leclanché operates a fully automated plant for the production of large format lithium-ion cells at an annual maximum capacity of up to 175MWh or up to one million cells. Press contact Younicos Press contact Leclanché 2015-04-10 This Corporate News was distributed by EQS Schweiz AG. www.eqs.com – news archive: http://switzerland.eqs.com/de/News The issuer is responsible for the contents of the release. |
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: | Foreign Exchange(s) SIX | |
End of News | EQS Group News-Service |
343029 2015-04-10 |