In an exciting time for energy storage, it comes as little surprise that companies active in different markets around the world are joining forces for multi-pronged appeal. This is what seems to have happened between Swiss vertically integrated energy storage solution company Leclanché and Chinese battery manufacturer Zhejiang Narada Power Source.
As part of the deal, Leclanché will license Narada to use its lithium-ion cell technologies, and will support the technology transfer to improve the price competitiveness of its product, and to them at scale. The two specific technologies in question are its lithium titanate (LTO) and high energy density graphite nickel manganese cobalt (G-NMC) storage technologies. In return, Narada will make a equity investment in Leclanché.
“We are confident that Leclanché’s G-NMC and LTO are advanced technologies,” commented Narada President Bo Chen. “Through our cooperation we can drive global-leading technology performance. The alliance provides a foundation for expanding our market share in fast-growing sectors including for electric vehicles, renewable energy integration and telecom. Through our equity investment, Leclanché becomes Narada’s strategic systems integration partner which is well-placed to enhance our ability to offer integrated energy storage solutions worldwide.”
The real plus side of the deal for Leclanché is that the manufacturing of its technologies will be able to take place at the Narada facilities in Hangzhou, China. This will not only provide scale, but it will also drive the costs down, thus reducing the price of the products, which will enter multiple end-markets.
“This game-changing alliance positions Leclanché and Narada for worldwide leadership in the energy storage market,” said Leclanché CEO Anil Srivastava. “The alliance will cover the broadest range of battery technologies and systems integration expertise to competitively deliver a full range of energy storage applications across stationary, transport and commercial & industrial markets.”