- Leclanche to supply its proprietary lithium-ion batteries
and energy management software to be integrated with the fuel cell
modules
- The breakthrough project is an entry into the freight-rail
market that includes more than 45,000 diesel locomotives in
North America and G5 European
countries
- Testing will take place along Canadian Pacific's rail
network in Canada
YVERDON-LES-BAINS, Switzerland
and ANDERSON, Indiana, May
11, 2021 /PRNewswire/ -- Leclanché SA (SIX: LECN) will provide
its proprietary battery technology to Canadian Pacific (TSX: CP)
(NYSE: CP) for its innovative Hydrogen Locomotive Program.
The CP hydrogen-powered locomotive pioneering project, first
announced in December 2020, will
retrofit a line-haul diesel freight locomotive with hydrogen fuel
cells and Leclanché's European manufactured lithium-ion batteries
to power the locomotive's electric traction motors. Leclanché will
also provide its proprietary energy management software for optimum
integration. The project is designed to evaluate the combined
technologies' readiness for the freight rail sector. Once the
locomotive is operational, CP will conduct rail service trials and
qualification testing. CP operates a 21,000-km (13,000-mile) rail
network across Canada and the U.S.
that serves deep-water ports on the Atlantic and Pacific
Oceans.
The market for freight rail is large and growing across the
world. In 2018, year-over-year, Canada's freight rail sector's workload,
measured by gross ton-miles, increased by 6.2%, and increased 10.1%
compared with the five-year average. The distance travelled by
Canada's freight trains, measured
by freight train-miles, increased by 5.4% to 68.6 million in 2018
versus 2017.
"Leclanche is pleased to have been chosen by Canadian Pacific
for inclusion in its hydrogen locomotive, zero emission freight
train program," said Anil Srivastava, CEO, Leclanché.
"This project further expands our addressable market to include
electrification of the freight rail sector representing a major
global opportunity for the reduction of greenhouse gases."
"Our battery systems and energy management software solution
significantly increase the total energy efficiency compared to
standalone fuel cell modules, reducing the total cost of ownership.
In addition to North America, we
are currently looking at the freight train market in Europe, Australia, Brazil and South
Africa – all of which are ideally suited for the
transformation of their current diesel stock," said
Srivastava.
Leclanché's eTransport Solutions business serves the needs of
the medium and heavy transportation industry through the supply of
a broad range of solutions based on 100% inhouse technologies from
lithium cells, battery modules, battery management system and
battery packs to energy management software. Leclanché has
delivered/commissioned more than 430 high-capacity marine racks and
commercial vehicle battery packs to customers since the start of
commercial operations in 2019. These customers include global
original equipment manufacturers (OEMs) in the passenger rail,
maritime, bus, truck and specialized vehicles sectors.
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).
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.
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SOURCE Leclanche