Regulatory News:
Electro Power Systems S.A. (Paris:EPS) (“EPS”),
technology pioneer in energy storage systems and microgrids listed
on the French-regulated market Euronext Paris (EPS:FP), announces
the release of the paper “Energy Transition Technology Roadmap,
distinguishing Hype from Reality. 2020 Strategic Technological Plan
and Business Targets”.
The first section of the paper summarises a global overview of
the energy transition as a disruptive megatrend and the rationale
and challenges behind. Even more importantly this section outlines
the EPS addressable market and technical view on Microgrids as
enabler of distributed generation, Virtual Power Plants as one of
the most discussed items in the industry, and off-grid power
generation challenges as a disruption in the whole energy scenario
of emerging countries.
Finally, the section outlines why Italy has now the opportunity
to take center stage in the energy revolution and transition to
renewable energy and storage technologies.
The second Section of the paper outlines all the technological
challenges that have to be addressed in the context of that
transition, from predictive intelligence at the microgrid level to
behind-the-meter storage, and from virtual power plants control
techniques to vehicle-to-the-grid services of EVs. The section
contains also the scientific methodology adopted to address such
challenges that have been concentrated in one single project named
Predictive Optimisation for Heading to the Energy Transition
(PROPHET), that will be developed by EPS in the context of the long
lasting collaboration with the Politecnico di Milano.
As closing remark, this section outlines the EPS route to 2020,
describing the current stage of development of such technology
challenges, and the business development strategy and targets. In
particular, the paper outlines that EPS is increasingly focused on
Project Development, either directly or indirectly through its
partners in both emerging and developing countries. Project
Development activities currently carried out by EPS accounts for a
Project Portfolio pipeline higher than 80 MW as of today, and could
be the step-change in 2017 for EPS to achieve its 2020 targets.
It follows that the EPS target starting from 2020 would be to
deploy microgrids in emerging countries for at least 50 MW a year
and to deploy behind-the-meter storage in developed economies for
at least 60 MW a year, with a gross margin target for the EPS
technology that is expected to stabilise around 40% and an EBITDA
margin expected around 30%.
The paper “Energy Transition Technology Roadmap, distinguishing
Hype from Reality. 2020 Strategic Technological Plan and Business
Targets” is available in the home page of the Group's website at
electropowersystems.com and will remain downloadable under the
section “Our Publications”.
* * *
Forward looking statements
The EPS goals for 2020 and the technological challenges
described in this document reflect current business and
technological indicators and inherent in such goals and
technological challenges are risk factors that are described in
greater detail in our regulatory filings and in the 2016 Annual
Financial Report. All figures are approximations based on
management's current beliefs and assumptions and our actual results
could differ from those presented above.
This document contains forward looking statements, i.e.
assessments and assumptions which relate to future events and
circumstances, particularly on the pipeline, which is assessed
based on the parameter better described in the presentation of the
Half Year 2016 Results published at
www.electropowersystems.com.
This announcement includes statements that are, or may be deemed
to be, forward looking statements. These forward looking statements
can be identified by the use of forward looking terminology,
including the verbs or terms “anticipates”, “believes”,
“estimates”, “expects”, “intends”, “bidding”, “plans”, “build- up”,
“under discussion” or “potential customer”, “should” or “will”,
“projects”, “backlog” or “pipeline” or, in each case, their
negative or other variations or comparable terminology, or by
discussions of strategy, plans, objectives, goals, future events or
intentions. These forward looking statements include all matters
that are not historical facts. They appear throughout this document
and include, but are not limited to, statements regarding the
Group’s intentions, beliefs or current expectations concerning,
among other things, the Group’s results of business development,
technology challenges, operations, financial position, prospects,
strategies, expectations for product design and development,
regulatory applications and approvals, reimbursement arrangements,
costs of sales and market penetration.
By their nature, forward looking statements involve risk and
uncertainty because they relate to future events and circumstances.
Forward looking statements are not guarantees of future performance
and the actual results of the Group’s operations, and the
development of the markets and the industry in which the Groups
operates, may differ materially from those described in, or
suggested by, the forward looking statements contained in this
announcement. In addition, even if the Group’s results of
operations, financial position and growth, and the development of
the markets and the industry in which the Group operates, are
consistent with the forward looking statements contained in this
document, those results or developments may not be indicative of
results or developments in subsequent periods. A number of factors
could cause results and developments of the Group to differ
materially from those expressed or implied by the forward looking
statements including, without limitation, general economic and
business conditions, the global energy market conditions,
competitiveness, industry trends, competition, changes in law or
regulation, changes in regulatory and taxation regimes, the
availability and cost of capital in particular to develop projects,
the time required to commence and complete sale cycles, currency
fluctuations and availability, changes in its business strategy,
political and economic uncertainty. The forward-looking statements
herein speak only at the date of this document
EPS in a nutshell
EPS operates in the sustainable energy sector, specializing in
hybrid-storage solutions and microgrids 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 the CAC® All-Tradable indices
and has registered office in Paris and research, development and
manufacturing in Italy.
Thanks to technology covered by 125 patents and applications,
combined with more than 10 years of R&D, the Group has
developed hybrid energy storage solutions 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 without the need for any subsidy or
incentive scheme.
EPS has installed and has under commissioning in aggregate 36
large scale projects, including off-grid hybrid systems powered by
renewables and energy storage totalizing over 35 MW of installed
power that provides energy to over 165,000 customers every day, in
addition to more than 18 MW of grid support systems, 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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170522006410/en/
Investor RelationsElectro Power Systems S.A.Francesca
Cocco, +33 970 467135Vice President Investor
Relationsfrancesca.cocco@eps-mail.com
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