Switzerland-based lithium ion battery maker Leclanché has secured a $28.9m order to deliver a 53-MWh stationary storage system to Ontario’s Independent Electricity System Operator (IESO).
Leclanché also received a $6m revolver credit insurance policy from government-sponsored insurer Swiss Export Risk Insurance (SERV) that will provide additional working capital.
The equipment order covers the primary battery and power conversion equipment of the project. It is part of the $45m project construction scope that will be managed by Leclanche.
Deltro Energy will be responsible for procuring, designing and building the site facilities, as well as of the balance of plant scope and high voltage connections to the grid.
The project, which will be undertaken across six separate sites, is claimed to be one of the largest battery energy storage developments globally.
The initial phases of the project are anticipated to be completed in the third quarter of this year.
Leclanché CEO Anil Srivastava said: "Our strategy and execution proves that in today’s economic environment, Swiss industrial companies can successfully compete globally in high-technology and fast growth markets to deliver value.
"The Company is building upon investments already made and scaling up its operation to deliver between 150MWh to 200MWh of industrial grade energy storage systems in 2017, thus firmly putting ourselves on the path to delivering sustainable profitable growth."
Leclanché delivers a range of turnkey energy storage solutions for homes, small offices, large industries, electricity grids, as well as hybridization for mass transport systems like bus fleets and ferries.