After achieving record revenues of more than CHF 47 million in 2018, energy storage solutions company Leclanché has entered 2019 with awarded projects of more than CHF 60 million, in particular in the eTransport Solutions business.
To spearhead the growth in e-transport solutions business, the company has promoted Philip Broad—Vice President of Commercial Vehicle—to the position of Executive Vice President, and added more than 90 people. In addition, it has committed CHF 10 million to increase its production capacity and meet growing customer demand.
Notably, last year India’s Exide Industries formed a 75%-25% joint venture with Leclanché to manufacture lithium-ion (Li-ion) cells, modules and battery packs in the state of Gujarat. While the module and battery pack assembly line is due in the next three months, the Li-ion cell production plant is slated to be operational by mid-2020.
“In the intervening period, cells will be sourced from Leclanché’s plant in Willstätt, Germany,” said the two parties in a statement released last year. According to the Swiss company’s website, Lithium Titanate and Lithium Graphite/NMC cells are produced at the Willstätt location, where Leclanché has been active since 2011.
Commenting on the impressive performance of the company, Anil Srivastava, CEO of Leclanché said: “This is a clear market validation of our strategy and confirmation that selling complete solutions, based on our own advanced in-house cell technology and energy management systems, coupled with our grid and electric vehicle knowhow, make us unique and the partner of choice for customers.”
“Awarded projects means that Leclanché is selected as a supplier. But the purchase order confirmation is subject to certain conditions such as completion of project finance in the Stationary Storage business unit or successful completion of the pilot testing & certification by the customer in the e-Transport business unit,” he added.