EPS Signs EPC Contract with Endesa to Build 20MW Largest Electric Battery in Spain

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 the signing
with Endesa of an EPC contract for the design, construction and
commissioning of a 20MW utility-scale storage system.

EPS will deliver a unique turnkey solution for serving Endesa’s
thermoelectric plant Carboneras located in Almeria, Spain. The storage
system will be the largest in Spain and will be composed by 24
inverters, 16 containers of which 8 for PCS and 8 for Li-ion storage,
with a total installed capacity of 20MW/11.7MWh.

The installation of this utility-scale system aims to make the plant
more flexible and improve its response to the load fluctuations in the
current electricity system resulting from the intermittency caused by an
increased penetration of renewables. The addition of storage is also
expected to reduce maintenance costs for the plant’s main components and
extend their useful life.

The project is part of the general evolution of the Carboneras coal
plant to better serve the current electricity system. A significant
penetration of intermittent renewable energies, mainly wind power, are
forcing the plant to adjust its production and implement backup
functions to meet electricity demand at all times.

This contract confirms that EPS belongs to a selected pool of global
players, able to deliver on a turnkey basis utility-scale storage
systems to the world's leading energy companies
” stated Giuseppe
Artizzu
, Executive Director - Strategy and Business Development of
EPS.

Carlalberto Guglielminotti, CEO of EPS Group also stated: “Is
an exceptional result for EPS and confirms the competitiveness of our
cutting-edge technology”.

The project is expected to become operational by June 2018.

Details will be disclosed from time to time on our website, under the
section dedicated to “Installations” at http://www.electropowersystems.com/our-installations/

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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.


Contacts

Electro Power Systems
Investor Relations
Francesca
Cocco, Vice President Investor Relations
Tel. +33 970 467135
e-mail:
francesca.cocco@eps-mail.com
or
Media
Contacts

Image Building
Simona Raffaelli – Ilaria
Mastrogregori – Alexia Casaús
Tel. +39 02 89011300
e-mail: eps@imagebuilding.it