EPS: CO2 Further Reduction Three Months After Commissioning of the Microgrid in the Maldives

PARIS and MILAN, February 9, 2017

Electro Power Systems S.A. ("EPS"), a technology pioneer in energy storage systems and microgrids listed on the French-regulated market Euronext Paris (EPS:FP), announces the performance results three months after commissioning its second microgrid in the Maldives.

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These data confirm that renewables coupled with the EPS storage system cover up to 63% of the resort power requirements, enabling reduction in diesel consumption by 423.000 litres per year, 50% more than expected at the time of commissioning in October 2016.

"These data confirm the competitiveness of off-grid power generation," commented Daniele Rosati, Vice President Engineering of EPS. "By using our proprietary technology to ensure stability and master the intermittent nature of any renewable energy source."

This microgrid has an installed capacity of 4.1 MW, hybridized with 0.8 MWp of solar distributed in eight installations throughout the island and 0.3 MWh of storage to manage the spinning reserve and stabilize the renewables sources. The microgrid is coupled with 1.1 MVA HyESS power conversion system and 3 MVA generators that produce also heat for hot water of the resort.

In aggregate, EPS has commissioned in the Maldives two microgrids providing energy to approximately 2.300 people, for a combined installed power of 10.4 MW, hybridized with 1.8 MWp of solar and 0.6 MWh of storage with 2.4 MW HyESS power conversion.