Leclanché ups 2017 revenue guidance to 75% growth

Share

Leclanché, the Swiss vertically integrated energy storage company, has updated its guidance for 2017 on the back of a strong order book for next year and beyond.

The lithium-ion battery developer expects to deliver more than 85 MWh of new storage capacity in 2017, equating to more than 75% revenue growth. The firm also has in excess of 300 MWh of additional capacity currently under negotiation, around 50 MWh of which has the potential to be brought online next year.

The order backlog extends out into 2018, ensuring a healthy mid-term outlook for the battery developer.

Further, Leclanché believes that there are "substantial opportunities" for its electric bus project, with recognized revenue costed in for the end of next year.

EBITDA is projected at breakeven above 100 MWh production, currently envisaged during or before 2018 as Leclanché continues to sharply focus on improving profit margins from efficiency gains and growing installation volumes.

The board intends to follow through on a comprehensive funding program to support its business objectives, drawing upon project finance secured from Swiss Green Electricity Management Group (SGEM) for a North American project, while further discussions are in the offing for additional non-recourse capital.

In August this year Leclanché secured CHF 11.1 million private equity to augment its goals. There are also talks relating to a strategic joint venture for volume manufacturing in Asia, the company confirmed.

"We continue to be confident on our growth outlook as our full energy storage solution capabilities are being well received by our customers globally," said Leclanché CEO Anil Srivastava. "We are also focused on optimizing our capital structure to support our growth, including through project finance and debt, with our objective to improve capital efficiency as we expand."

Leclanché added that its growth targets are contingent on an array of factors, not least the delivery of its supply chain and satisfactorily securing planned funding.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

High-altitude floating PV has energy payback time of 2.8 years

15 July 2024 New research from Switzerland showed that alpine floating PV systems can outperform lowland or ground-mounted counterparts in terms of energy yield an...

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.