PARIS & MILAN--(BUSINESS WIRE)--Regulatory News:
Electro Power Systems S.A. (“EPS”) (Paris:EPS), technology pioneer in energy storage systems and microgrids, listed on the French-regulated market Euronext Paris (EPS:FP) announces that its year-to-date order intake reached 34MW, mainly generated by global utilities and grid operators.
Specifically, the year-to-date order intake includes purchase orders received, contracts signed and tenders awarded only in 2017.
The majority of the orders is represented by utility-scale storage systems to be delivered by EPS on a turnkey basis, acting as a general contractor, thanks also to a 20MW contract signed today for a grid support system in Southern Europe. Moreover, the order intake includes microgrids, smart islands and control systems for mobility and distribution applications. The main regions where these systems will be installed are Southern Europe, North Africa, Middle East and China.
According to the strategy presented in the 2020 Strategic Plan of the Group, the majority of the year-to-date order intake is represented by EPC contracts (Engineering, Procurement and Construction) and it comprehends supply, installation, engineering and commissioning, as well as multi-year service agreements.
The details related to customers and to the most important projects will be disclosed from time to time in line with the confidentiality agreements to which EPS is committed, through specific press releases regarding such projects or through publications on our website under the section dedicated to “Installations” at http://www.electropowersystems.com/our-installations/.
Electro Power Systems S.A.
EPS operates in the sustainable energy sector, specializing in storage solutions and micro-grids that enable intermittent renewable sources to be transformed into a stable power source.
Listed on the French-regulated market Euronext (EPS:FP), EPS is part of the CAC® Mid & Small and All-Tradable indices and has registered office in Paris with research, development and manufacturing in Italy.
Thanks to a technology covered by 125 patents and applications, combined with more than 10 years of R&D, the Group has developed energy storage systems to stabilize electrical grids heavily penetrated by renewable sources in developed countries and, in emerging economies, to power off-grid areas at a lower cost than fossil fuels.
EPS has installed and has under commissioning in aggregate 36 large scale projects, including off-grid hybrid systems powered by renewables and energy storage that provide energy to over 165,000 customers every day, for a total capacity output of 47 MWh of systems in 21 countries worldwide, including Europe, Latin America, Asia and Africa.
For more information, visit www.electropowersystems.com.