After securing its first ESS deal in the US, Swiss firm Leclanché has almost immediately forged an Asian alliance for the low-cost manufacture and development of its Lithium Titanate Oxide (LTO) and Lithium Graphite/NMC (GNMC) batteries.
The European ESS company has formed a strategic partnership with Chinese lead-acid and lithium-ion battery manufacturer Narada Power Source.
Both companies plan to increase their economy of scale to meet the needs of multiple end-markets – including stationary, microgrid, commercial and industrial and electric vehicle applications.
Narada is set to produce LTO (70-80 Wh/kg and 15,000-20,000 cycle) and GNMC (120-200 Wh/kg, with 4,500-8,000 cycles) batteries, and set up a 2.5 GWh manufacturing facility in Hangzhou, China next year.
Anil Srivastava, CEO of Leclanché SA, said: “The alliance will cover the broadest range of battery technologies and systems integration expertise to competitively deliver a full range of energy storage applications across stationary, transport and commercial & industrial markets.”
Bo Chen, president of Narada, said: “The alliance provides a foundation for expanding our market share in fast-growing sectors including for electric vehicles, renewable energy integration and telecom.”
Narada will make an equity investment in Leclanché alongside licensing for technology transfer.