On April 19, 2016, Leclanché S.A. (SIX: LECN) announced that it had formally received a US$28.9 million purchase order to deliver one of the world’s largest stationary storage systems to the Independent Electricity System Operator (IESO) in Ontario. This purchase order, covering the primary battery and power conversion equipment for the project, is part of the previously announced US$45.0 million project construction scope to be managed by the company.
Leclanché, based in Switzerland, is a fully vertically integrated, battery energy storage solution provider. The Ontario order represents Leclanché’s first major project in North America where the company is positioning itself to become a leader in the fast-growing North American energy storage market. When installed, the 53 MWh Ontario project, to be distributed across six separate sites, will be one of the largest battery energy storage projects in operation in the world.
Miller Thomson advised Leclanché with respect to this matter with a team that was led by Aaron Atcheson.