EQS-Adhoc

Leclanché SA: Leclanché, eCAMION and SGEM to Build and Operate Network of 34 Electric Vehicle Fast-Charging Stations Along Trans-Canada Highway - Seite 2

FAST Charge Joint Venture Created to Manage EV Project

eCAMION and Leclanché have formed a Toronto-based joint venture, named FAST Charge^TM Inc., to manage the TCH project and further expand the implementation of EV charging systems across North America. Bryan Urban, EVP of Leclanché North America, will serve as president and Himanshu Sudan CFO of eCAMION will serve as CEO of the joint venture.

eCAMION is a privately-held provider of modular, smart energy storage solutions that find innovative use in community storage, EV charging, auxiliary power units, storage for renewable energy projects as well as in custom applications.

Leclanché is one of the world's leading, vertically integrated, energy storage solution providers. It delivers a wide range of energy storage solutions for homes, small offices, industry, electricity grids, as well as solutions for transport such as electric buses and marine applications.

SGEM is an independent power producer that develops, builds owns and operates power generation assets including energy storage capabilities.

Project Designed to Overcome 'Range Anxiety'

Currently, most public EV charging stations operate at Level 2, requiring about six to eight hours to charge a vehicle. The existing grid infrastructure sometimes proves inadequate to support faster charging. This makes it cumbersome for EV drivers to travel long distances contributing to 'range anxiety,' and is one of the biggest obstacles globally to EV adoption.

The new system being developed by FAST Charge consists of an energy storage system, using large-format lithium-ion batteries, along with multiple outlet charging units that can be charge several EVs at once. This architecture helps overcome the slow charge issue by acting as a buffer between the grid and the vehicle and allowing EVs to be charged rapidly from the advanced lithium ion batteries instead of directly but more slowly from the grid. This will enable faster charging at Level 3 and higher, allowing EV drivers to charge their vehicles in just 20 minutes.