Environmental & Social Information • Dec 14, 2021
Environmental & Social Information
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MPC Energy Solutions and Leclanché form strategic collaboration for utility-scale energy storage solutions
· The partnership starts with MPCES's participation in Leclanché' Green Power
Plant in St. Kitts and Nevis in the Caribbean, a landmark solar PV and battery
energy storage project
· The Green Power Plant will provide one third of St. Kitts' baseload needs
and reduce carbon emissions by more than 740,000 metric tonnes over its lifespan
· The project is the Caribbean´s largest combined solar power and battery
storage system and will integrate 35.7 MWp solar photovoltaic with 45MWh of
battery energy storage system to deliver 18.2 MW baseload green power to St.
Kitts
YVERDON-LES-BAINS, Switzerland; AMSTERDAM; OSLO, Norway - 14[th] December 2021 -
MPC Energy Solutions (http://www.mpc-energysolutions.com) (MPCES) has partnered
with Leclanché (https://www.leclanche.com) one of the world's leading energy
storage companies, publicly listed in Switzerland (SIX: LECN), to build the
previously announced 35.7 MWp solar photovoltaic (PV) and 18.2 MW battery energy
storage system (BESS) project designed with Leclanché Energy Management Software
(L-EMS) in St. Kitts' Basseterre Valley, next to the capital city of Basseterre.
The project requires about US$ 74 million of investment and MPCES has acquired
40% ownership in the project's holding company, in which Leclanché owns 60%.
MPCES will invest up to US$ 17million.
"At COP26 in Glasgow, St. Kitts and Nevis presented a remarkable plan to reduce
CO\2\ emissions by 61 percent by switching to 100 percent renewable energy. We
in MPC Energy Solutions are happy and proud to be part of this important
initiative through the development of this significant PV and battery project
near the country's capital. The project will cover one-third of St. Kitts
baseload needs for the next 20-25 years while reducing the carbon dioxide
emissions by more than 740,000 metric tonnes." said Martin Vogt, CEO at MPC
Energy Solutions.
"With our ongoing mission to help the region's transition to cleaner energies,
we seek to create strong partnerships that will reinforce our position as a
leader in the energy market of Latin America and the Caribbean. Its strong
technological expertise makes Leclanché a valuable partner that will undoubtedly
help us do just that. This landmark project marks our entry into utility-scale
hybrid projects that combine energy generation and storage. St Kitts and Nevis
is one of several other countries within the Caribbean region that are committed
to diversifying its generation base away from diesel-fueled thermal power, and
promoting smarter, greener and more resilient approaches that improve energy
generation," addedMartin Vogt.
Leclanché has a long and successful track record of concepting and building
innovative utility-scale installations including several projects with S4 Energy
in The Netherlands; the Cremzow, Germany system in collaboration with Enel Green
Power Germany and ENERTRAG; SWB, Germany; Marengo, Chicago, United States and
several Canadian projects.
The St. Kitts project, which is being built under an engineering, procurement
and construction (EPC) contract by Leclanché, has a 20-year USD-denominated
Power Purchase Agreement (PPA) with the St. Kitts Electric Company (SKELEC), the
only energy utility company on the island. The government of St. Kitts and Nevis
leased the land in the Basseterre Valley to Leclanché under a 20-year agreement
with the option of a five-year renewal. Groundbreaking of the project took place
in December 2020.
Anil Srivastava, CEO at Leclanché, said: "We are excited to partner with MPC
Energy Solutions for this landmark project in the Caribbean. This solar PV and
BESS project demonstrates the ability of renewable energies to provide baseload
power and competitively replace greenhouse gas emitting diesel-fuel power. The
project will create material savings for SKELEC with a strong positive impact on
the environment, CO\2\ emissions and the local communities.
We thank the government of St. Kitts and Nevis and SKELEC for their trust.
Leveraging the vast experience of our partner MPCES and teamwork with SKELEC, we
shall accelerate the construction and commissioning of this industry reference
project - the Caribbean regions' largest green power plant."
The St. Kitts project has been communicated as part of MPCES's advanced project
backlog.
"This represents another step forward for MPC Energy Solutions in becoming a
leading independent power producer in Latin America and the Caribbean. This is a
region with tremendous potential for renewable energy, and I am particularly
happy to announce this first project utilizing hybrid technology. This will
undoubtedly be a reference case for us and other renewable energy developers,"
Martin Vogt said.
About MPC Energy Solutions
MPC Energy Solutions ("MPCES") is a global provider of sustainable energy and
primarily focuses on low-carbon energy infrastructure, including solar and wind
assets, and other hybrid and energy efficiency solutions. The Company
participates in the full project lifecycle of renewable solutions, from early
-stage development through construction and operation. More details at www.mpc
-energysolutions.com
About Leclanché
Headquartered in Switzerland, Leclanché SA is a leading provider of high-quality
energy storage solutions designed to accelerate our progress towards a clean
energy future. Leclanché's history and heritage is rooted in over 100 years of
battery and energy storage innovation and the Company is a trusted provider of
energy storage solutions globally. This coupled with the Company's culture of
German engineering and Swiss precision and quality, continues to make Leclanché
the partner of choice for both disruptors, established companies and governments
who are pioneering positive changes in how energy is produced, distributed and
consumed around the world. The energy transition is being driven primarily by
changes in the management of our electricity networks and the electrification of
transport, and these two end markets form the backbone of our strategy and
business model. Leclanché is at the heart of the convergence of the
electrification of transport and the changes in the distribution network.
Leclanché is the only listed pure play energy storage company in the world,
organised along three business units: stationary storage solutions, e-Transport
solutions and specialty batteries systems. Leclanché is listed on the Swiss
Stock Exchange (SIX: LECN). For more information, please visit
www.leclanche.com.
SIX Swiss Exchange: ticker symbol LECN | ISIN CH 011 030 311 9
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.
Media contacts MPC Energy Solutions
MPC Energy Solutions N.V.
Investor Relations & Public Relations
Email: [email protected]
Norway
Jo Christian Lund-Steigedal
Corporate Communications AS
Phone: +47 415 08733
Email: ( [email protected])[email protected] ( [email protected])
Americas
Perry Goldman
Montieth & Company
Phone: +1 (646) 8643568
Email: [email protected]
United Kingdom
Charles Font
Montieth & Company
Phone: +44 020 38575478
Email: [email protected]
Contacts Leclanché
Media Switzerland /Europe:Thierry MeyerT: +41 Media North America:Henry
(0) 79 785 35 81E-mail: [email protected] Feintuch / Ashley BlasT: +1-646
-753-5710 / +1-646-753-5713E
-mail:
Media Germany:Christoph MillerT: +49 Investor Contacts:Anil Srivastava /
(0) 711 947 670E-mail: Hubert AngleysT: +41 (0) 24 424 65
[email protected] 00E-mail:
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