Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Leclanché: Powering The World’s Largest Electric Ferry

Published 08/19/2019, 06:30 AM
Updated 07/09/2023, 06:31 AM

Leclanche (SIX:LECN) has announced that Ellen, the world’s largest all-electric ferry, for which it provided a 4.3MWh customised lithium-ion battery system, has made its first commercial voyage. This is a key application area for the company, with an estimated 50MWh of orders for marine applications contracted for delivery in FY19 and FY20. Our estimates remain under review until there is greater visibility on when different phases of the St Kitt’s battery energy storage project are scheduled to complete.

Leclanche Revenue

Transportation accounts for 24% of all greenhouse gases emitted in the EU (Source: European Academies' Science Advisory Council), so European ferry operators are shifting from diesel engines to electric propulsion as part of the push to decarbonise transport and prevent global warming. In addition, the International Maritime Organisation has designated both the Baltic and the North Sea as areas where ships constructed from January 2021 onwards must conform with strict nitrogen oxide (NOx) emissions standards. Ellen meets both these objectives, preventing the release of 2,000 tonnes of carbon dioxide and 42 tonnes of NOx over the course of a year. The vessel’s construction was funded by the European Horizon 2020 initiative with the objective of demonstrating that a 100% electric, emission free ferry carrying passengers, cars, trucks and cargo, can meet the transportation needs of island communities, coastal zones and inland waterways. Ellen will connect islands in Danish part of the Baltic with the mainland.

Leclanché was selected to provide the battery system for Ellen because its high-energy G-NMC lithium-ion cells have unique safety features including a bi-cellular laminated design and ceramic separators. This makes the cells resistant to thermal failure and mechanical damage. In addition, the battery cells are manufactured using an environmentally friendly solvent-free process. The batteries are able to charge quickly while the vessel is in port between trips, while providing the capacity needed for medium-length (c 12 miles) connections.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

Business description

Leclanché is a fully vertically integrated energy storage solution provider. It delivers a wide range of energy storage solutions for homes, small offices, large industries and electricity grids, as well as hybridisation for mass transport systems such as bus fleets and ferries.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.