EQS-Adhoc: Leclanché SA: EPAL Partners with Leclanché and Deltro and Invests US $12 million in First Utility-scale Canadian Energy Storage Project

EQS Group-Ad-hoc: Leclanché SA / Key word(s): Investment/Financing 
Leclanché SA: EPAL Partners with Leclanché and Deltro and Invests US $12 
million in First Utility-scale Canadian Energy Storage Project 
 
08-Nov-2017 / 18:27 CET/CEST 
Release of an ad hoc announcement pursuant to Art. 53 KR 
The issuer is solely responsible for the content of this announcement. 
 
*EPAL Partners with Leclanché and Deltro and Invests US $12 million in First 
Utility-scale Canadian Energy Storage Project* 
 
*- *Investment to support India's COP 21 commitment of generating 175GW from 
renewable energy by 2022 
 
- Partnership to support e-mobility mission of Government of India 
 
- The 28 MW / 14 MWh battery storage system is one of the largest in North 
America 
 
*LONDON/ YVERDON LES BAINS, Switzerland, November 8, 2017*: EPAL, a joint 
venture between Indian state-owned Energy Efficiency Services Limited (EESL) 
and UK-based EnergyPro Limited (EP), is partnering with leading battery 
storage solutions provider Leclanché, starting with the investment of US $12 
million in a previously announced and nearly completed advanced battery 
storage project in Ontario, Canada, known as Basin 1 and 2[1]. 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 
US $25 million. 
 
The battery storage project will provide services to the Independent Energy 
Systems Operator (IESO) that oversees and manages the power grid of the 
province of Ontario, and is interconnected to Toronto Hydro, the largest 
municipal electricity distribution company in Canada. The Ontario power 
supply has shifted heavily towards intermittent power sources over the past 
three years creating additional grid management challenges for the IESO. The 
lithium battery storage project will improve stability on Canada's largest 
transmission grid by managing unbalanced supply-demand situations. 
 
The partnership has strategic importance from India's perspective as its 
government has set a target of achieving 175GW of renewable energy by the 
year 2022, equivalent to 40 per cent of the country's energy supply, up from 
12 per cent now. This was a part of India's commitment during COP21. To 
achieve this target, India's energy supply will be dependent on intermittent 
power sources and ancillary services will be required to stabilise the grid. 
Battery storage will help achieve stabilisation, supply power to charging 
stations and reduce the substantial Unscheduled Interchange (UI) charges 
payable by the country's utilities and states (around $461.5 million 
annually). 
 
*Speaking on the occasion, Ambassador Mr. Dinesh K. Patnaik, Acting High 
Commissioner of India to UK, said*, "This partnership marks the beginning of 
a significant development in the energy efficiency sector. With the 
ever-increasing energy consumption, technologies like battery storage will 
go hand in hand with efficiency to balance supply and demand. I am very 
hopeful that EPAL, with its excellent track record in driving the UJALA (UK 
Joins Affordable LEDs for All) initiative, will bring a revolution in the 
market with its advancement into battery storage projects." 
 
*Mr Saurabh Kumar, Managing Director, EESL, and Chairman of subsidiary EPAL, 
said*, "We are delighted to partner with Leclanché. It has been our constant 
endeavor to make future-ready technology solutions accessible. With a focus 
on long, low-carbon initiatives globally, we have partnered with the world's 
leading battery storage solution provider. We are confident that this 
partnership will help bring a new era of clean energy solutions for the 
world." 
 
"Working together with EESL on this project has highlighted some unique 
synergies between the companies," said *Anil Srivastava, Leclanché CEO.* "We 
are exploring many additional ways to integrate Leclanché's advanced lithium 
battery solutions into stationary storage systems as well as new mobility 
applications such as EV charging stations, full-electric buses and urban 
transportation systems." 
 
"At EnergyPro we are excited to be working with our JV partner EESL and 
Leclanché on this significant utility scale energy storage project. We see 
it as a first step to deploying energy storage solutions at a range of 
scales, something that will be essential to the energy transition in all 
economies," said *Steven Fawkes, Managing Partner at EnergyPro Limited.* 
 
The Indian government recently launched an ambitious investment programme in 
new energy, both domestically and overseas, of which the investment in the 
Leclanché and Deltro Project forms a part. The domestic plans are driven by 
the government's target of increasing the contribution of renewables to the 
country's energy supply. As part of this, the government has mandated that 
by 2030 all vehicles on its roads will be electric - the most aggressive 
such target in the world. Battery storage helps stabilise grids, which is a 
challenge as they become increasingly dependent on intermittent renewable 
energy sources. Storage also reduces the operational costs of grids and 
defers and reduces future infrastructure costs. 
 
Integral to its global programme, in May 2017, the Indian government 
announced that it would invest GBP155 million in clean energy initiatives in 
the UK's public and private sectors through EPAL. To date, EPAL's UK 
initiatives include an affordable LED lighting scheme (UJALA), targeted at 
social housing associations in London, and the acquisition of two energy 
savings companies serving seven clients in education and leisure. 
 
The global energy storage markets continue to experience very high growth. 
According to Navigant Research, in the four years to 2020 utility-scale 
generation and micro grids will experience a Combined Annual Growth Rate 
(CAGR) of 48 per cent; commercial and industrial battery systems, 58 per 
cent CAGR; and eTransport, 37 per cent CAGR. 
 
Panitek Power AG, headquartered in Switzerland, was the investment adviser 
on the transaction. 
 
* * * * * 
 
*About EPAL* 
 
EESL EnergyPro Assets Limited (EPAL) is a joint venture of Energy Efficiency 
Services Limited, an Energy Service Company under the Ministry of Power, 
Government of India, and EnergyPro Ltd, an advisory company in energy 
efficiency. 
 
EESL is promoted by four large public-sector undertakings with a combined 
net worth of over $32 billion. EESL is implementing the world's largest 
non-subsidy energy efficiency portfolio across areas including lighting, 
buildings and agriculture, at a unique scale. In the UK, through its 
subsidiary EPAL, EESL aims to promote and implement low-carbon, energy 
efficiency and renewable energy solutions in both the public and private 
sectors. 
 
*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 
 
*About Deltro Energy* 
 
Deltro Energy Inc. is a member of The Deltro Group of Companies which 
strives to empower communities through the provision of reliable 
electricity. Providing turnkey solutions that are scalable, practical, 
deployable and commercially feasible makes Deltro Energy Inc. a leading 
energy storage solution developer in Canada. With momentous global growth in 
the renewable energy industry, Deltro quickly expanded from completing 
subcontract installations through major Canadian construction contractors to 
partnering on renewable projects and entering into its own Power Purchase 
Agreements. While solidifying its position here in Canada, Deltro has begun 
its expansion into the Caribbean as well. 
 
Learn more at Deltro.com or connect with us on Twitter @DeltroGroup. 
 
*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. 
 
* * * * * 
 
*Europe/Global:* 
Désirée Maghoo 
T: [phone] 
E-mail: [e-mail] 
 
Simon Barker 
T: [phone] 
E-mail: [e-mail] 

(MORE TO FOLLOW) Dow Jones Newswires

November 08, 2017 12:28 ET (17:28 GMT)

DJ EQS-Adhoc: Leclanché SA: EPAL Partners with -2-

*US and Canada: * 
Rick Anderson 
T: [phone] 
 
Henry Feintuch 
T: [phone] 
E-mail: [e-mail] 
 
*Investor Contacts* 
Anil Srivastava / Hubert Angleys 
T: [phone] 
E-Mail: [e-mail] 
 
# # #[1] Basin 1 is scheduled to undergo completion testing in December 2017 
and Basin 2 will follow with commercial operations in the first quarter 
2018. 
 
End of ad hoc announcement 
Language: English 
Company:  Leclanché SA 
          Av. des Sports 42 
          1400 Yverdon-les-Bains 
          Switzerland 
Phone:    [phone] 
Fax:      [phone] 
E-mail:   [e-mail] 
Internet: www.leclanche.com 
ISIN:     CH0110303119, CH0016271550 
Valor:    A1CUUB, 812950 
Listed:   SIX Swiss Exchange 
 
End of Announcement EQS Group News Service 
 
626999 08-Nov-2017 CET/CEST 
 
 

(END) Dow Jones Newswires

November 08, 2017 12:28 ET (17:28 GMT)