An Indian state-owned energy services and energy efficiency company is set to invest in 14MWh of grid-scale storage in Canada through a joint venture (JV) with UK company EnergyPro Limited (EP).

News in brief from around the world of energy storage.

A City of London investment bank has said it agrees that Swiss energy storage maker and integrator Leclanché will reach profitability, but expects it to take a year longer than the company itself has predicted.

Swiss battery maker Leclanché could apply for listing on a US stock exchange and is targeting the acquisition of an “energy management storage software company”, despite emerging from a recent period of “technical insolvency”.

News in brief from this week in energy storage around the world.

Leclanché has hailed recent project wins and a potential 450MW pipeline in reporting an improvement on its finances, which the company’s CFO has called “the first stage of our journey towards EBITDA breakeven”.

Swiss battery manufacturer Leclanché has reported an increase in revenues for 2016 of 56% compared to the previous year, netting unaudited preliminary revenue of CHF28 million (US$27.66 million) for the calendar year.

Vertically integrated energy storage solution company Leclanché and global battery manufacturer Narada Power have agreed to a strategic partnership for the manufacturing and development of lithium-ion battery technology for the Chinese and global markets.

Renewable Energy Systems ranks alongside US firm AES at the top of a new leader-board of energy storage systems integrators; its two new National Grid contracts will see it top the table, it says.