Leclanché SA: Nexcharge is all set to light up Delhi with India's first Grid Connected Li-ion battery-based Community Energy Storage System (CESS) (english)

    Leclanché SA: Nexcharge is all set to light up Delhi with India's first Grid Connected
Li-ion battery-based Community Energy Storage System (CESS)

^
EQS Group-Ad-hoc: Leclanché SA / Key word(s): Alliance
Leclanché SA: Nexcharge is all set to light up Delhi with India's first Grid
Connected Li-ion battery-based Community Energy Storage System (CESS)

27-March-2021 / 21:47 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Nexcharge is all set to light up Delhi with India's first Grid Connected
Li-ion battery-based Community Energy Storage System (CESS)

- Nexcharge, an Exide Leclanché Energy Pvt. Ltd. brand is an exclusive joint
venture in India between Exide Industries Limited and Leclanché, Switzerland

- The 0.52 megawatt hour grid-connected system, set up in collaboration with
Tata Power DDL will provide the path for wider adoption of grid-scale energy
storage technology across India


DELHI, India, YVERDON-LES-BAINS, Switzerland March 27, 2021 - Nexcharge, in
collaboration with Tata Power Delhi Distribution Ltd (TPDDL), today
inaugurated India's first Grid Connected Li-ion battery-based Community
Energy Storage System at Rani Bagh, Delhi. The 0.52 MWh Battery energy
storage system at TPDDL's Rani Bagh substation will provide peak shaving,
var compensation and deviation settlement mechanism based on frequency
response at the substation level with power backup to preferential consumers
in case of a grid outage.

Nexcharge, an Exide Leclanche Energy Pvt. Ltd. brand is an exclusive joint
venture in India between Exide Industries Limited, the country's largest
selling battery company and Leclanché SA, the Swiss large-format lithium-ion
cell conglomerate, executed the project utilizing a global project team
approach. The 0.52 megawatt hour grid-connected system, owned by Exide
Industries and Leclanché SA, will provide the path for wider adoption of
grid-scale energy storage technology across India.

Speaking about the initiative, Stefan Louis, Chief Executive Officer and
Chief Technology Officer Nexcharge said, "Battery-based energy storage
(BESS) provides the agility to better integrate intermittent solar and wind
energy resources into India's electric grid and ensure high-quality power
for consumers. A Community Energy Storage System like this will ensure
consumers get to experience better levels of stability, reliability, quality
and control. Both customers and distributors will benefit from this service.
We are very happy to partner with Tata Power DDL to set up this new 0.52 MWh
grid-connected system which will pave a new path for wider adoption of
grid-scale energy storage technology across India. It's another step towards
all Indians accessing smart sources energy."

The storage facility was inaugurated by Shri Satyendar Kumar Jain Hon.
Minister of Power, PWD, Health & FW, Industries and Gurudwara Elections,
Govt. of NCT of Delhi in the presence of Stefan Louis, Chief Executive
Officer and Chief Technology Officer -Nexcharge, Ganesh Srinivasan- Chief
Executive Officer - Tata Power Delhi Distribution Limited.

Commenting on the launch, Mr. Ganesh Srinivasan, Chief Executive Officer -
Tata Power Delhi Distribution Limited said, "We are proud to associate with
Nexcharge for setting up country's first Grid Connected Community Energy
Storage Systems (CESS) at the community level. This will further strengthen
our network and ensure reliable and quality power supply to our consumers at
all times. Instead of building humungous infrastructure of transformers and
electric equipment CESS can be used to meet peak demand while storing
surplus power. I believe wider adoption of such 'CESS' will help in
balancing the load curve of discoms and make them future ready."

Talking about the multi-MNC joint venture to create Nexcharge, Gautam
Chatterjee, Chief Executive Officer, Exide Industries Limited said, "We have
long endeavored to develop alternate state-of-the-art technologies such as
lithium-ion batteries and energy storage solutions as an important step in
tackling the impact of climate change on the environment. Leclanché SA has
proven to be an apt partner in this cause bringing superior technology,
modules and battery management systems, as well as immediate access to
engineering resources to build market-ready products and solutions."

Anil Srivastava, Chief Executive Officer, Leclanché SA further added, "It is
a huge honor that Leclanché has been chosen by Exide Industries, India's
largest battery manufacturer, to partner with them in their quest to help
India achieve its zero emissions goals and reduce the country's dependence
on fossil fuel. We look forward to delivering the best that Leclanché SA has
to offer: superior cell technologies, IP and know how that combines high
quality German engineering and Swiss precision with deep experience in the
design and implementation of battery storage solutions."

Battery storage systems are emerging as a potential solution for integrating
solar and wind renewables in power systems across the globe. In light of the
ongoing climate change crisis, renewable and sustainable sources of energy
are the need of the hour, especially when India's commitment to the
contribution has been touted at 175 GW by 2022.

About Nexcharge
Nexcharge, an Exide Leclanche Energy Pvt. Ltd. brand began its operations in
2018, as a Joint Venture (JV) between India's largest lead-acid storage
battery manufacturers, Exide Industries Limited, and one of the leading
Lithium-ion (Li-on) battery manufacturers based in Switzerland, Leclanché SA
(Leclanché). Nexcharge envisions to fast-track the world's transformation
towards sustainable energy solutions and aims to become the leading supplier
of E-transport solutions that will power the electrification of transport in
the form of efficient and reliable energy storage solutions. Nexcharge also
aims to cater to the diverse segments of Industry & Utility markets with
state-of-the-art products and end-to-end solutions made available through
Li-ion batteries of different chemistry viz. NMC, LFP, LTO, etc. In order to
fulfill its mission, Nexcharge has built India's largest factory equipped
with fully automated assembly lines of li-ion battery packs, modules (Pouch/
Prismatic/ Cylindrical), and cell testing labs at Prantij, Sabarkantha,
Gujarat. Nexcharge is also supported by a state-of-the-art, in-house R&D
facility in Bangalore. A well-resourced team of engineers works to design
battery packs as per the customer's requirements and offers high-quality
products at competitive prices.

About Tata Power Delhi Distribution Ltd (TPDDL)
Tata Power Delhi Distribution is a leading power distribution company that
distributes electricity to a populace of over seven million in North Delhi.
The company has transformed the power distribution scene in the capital city
with a record reduction in AT&C Losses and advanced technology adoption
across verticals. It is a Public-Private Partnership, Joint Venture Company,
between Tata Power, India's largest integrated power company, and the
Government of National Capital Territory of Delhi.
For more information, please visit: www.tatapower-ddl.com

About Exide Industries Limited
Exide Industries Limited, a company incorporated under the laws of India and
having its registered office at Exide House, 59E, Chowringhee Road,
Kolkata-700020.Exide is engaged in the business of manufacture and sale of
lead-acid storage batteries and home UPS and has the requisite experience in
the business of energy storage.

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.

Contacts

   Media Switzerland /Europe:         Media North America:
   Thierry Meyer                      Henry Feintuch
   T: [phone]            T: [phone]
   E-mail: [1][e-mail]    E-mail: [1][e-mail]



   1. mailto:[e-mail]     1. mailto:[e-mail]
   Media Germany: Christoph      Investor Contacts: Anil Srivastava /
   Miller T: [phone]     Hubert Angleys T: [phone]
   670 E-mail:                   E-mail:
   [1][e-mail]  1.    [1][e-mail]  1.
   mailto:[e-mail]    mailto:[e-mail]
Contacts Exide

For Media Queries:

Communicate India

Sudatta Banerjee/ Nimisha Naresh

[e-mail]/ [e-mail]

For Business Enquiries:

Email: [e-mail]


---------------------------------------------------------------------------

End of ad hoc announcement

---------------------------------------------------------------------------

   Language:       English
   Company:        Leclanché SA
                   Av. des Sports 42
                   1400 Yverdon-les-Bains
                   Switzerland
   Phone:          [phone]
   Fax:            [phone]
   E-mail:         [e-mail]
   Internet:       www.leclanche.com
   ISIN:           CH0110303119, CH0016271550
   Valor:          A1CUUB, 812950
   Listed:         SIX Swiss Exchange
   EQS News ID:    1179136



   End of Announcement    EQS Group News Service
---------------------------------------------------------------------------

1179136 27-March-2021 CET/CEST

°