Leclanché Announce €5m Order

Leclanché has announced that it has received an order for a
15MWh battery storage project in Germany. The order is worth €5m and
commissioning of the complete system is due in March 2018.

The buyer is swb who will use the storage as part of a
hybrid solution with thermal storage infrastructure.

The use of a battery system allows better value from the
heat system. The company expects hybridisation to become more common as clients
use batteries with existing technology to allow better optimisation.

Anil Srivastava, CEO of Leclanché, said: "We are
delighted to receive this order from swb. It endorses our software and system
integration capability and experience of delivering similar projects around the
world, and further solidifies our 2018 business outlook and path to EBITDA
breakeven."

Hybrid and stand-alone battery energy storage systems have
the ability to replace grid ancillary services provided today by conventional
power stations, contributing to a far more environmentally-friendly
stabilisation of the grid.