Leclanché SA (SIX: LECN), one of the world’s leading energy storage solution companies, announced today that it has received an order for a 15 MWh (EUR 5 million) battery storage project from swb, an energy services provider in Germany.
The hybrid storage solution developed by swb consists of six Leclanché storage containers, which interact with a swb thermal storage infrastructure to ensure cost effective grid ancillary services. Usual battery storage applications use the battery for symmetrical services, such as charging and discharging. The better value heat system replaces the “charge” part of swb’s symmetrical storage infrastructure. The main purpose of the hybrid system is the optimisation of investment and operational costs. Commissioning of the complete system is scheduled for March 2018.
Anil Srivastava, CEO of Leclanché, said: “We are delighted to receive this order from swb. It endorses our software and system integration capability and experience of delivering similar projects around the world, and further solidifies our 2018 business outlook and path to EBITDA breakeven.”
Hybrid and stand-alone battery energy storage systems have the ability to replace grid ancillary services provided today by conventional power stations, contributing to a far more environmentally-friendly stabilisation of the grid.
Energy storage solutions have a significant role to play in the global utility scale generation (stabilisation and peak-shifting) and micro grids (renewable integration) industries, which are expected to see a Combined Annual Growth Rate (CAGR) of 48 per cent to a value of $4.2bn in the four years to 2020, according to Navigant Research.