Canadian Solar's e-STORAGE to Deliver 1.8 GWh DC of Energy Storage Systems for Aypa Power in Key U.S. Markets

Core Viewpoint - Canadian Solar Inc. has secured significant battery supply and long-term service agreements for two major battery energy storage projects in the U.S., enhancing its position in the renewable energy sector [1][2]. Group 1: Project Details - The agreements involve a 160 MW AC/806 MWh DC Battery Energy Storage System in California and a 200 MW AC/998 MWh DC system in Texas [2]. - Approximately 370 SolBank 3.0 units will be deployed, with construction expected to start in Q3 2025 [2]. - e-STORAGE will manage system maintenance and operations under a 20-year long-term service agreement, ensuring long-term performance and reliability [2]. Group 2: Technology and Impact - The projects aim to strengthen grid resilience and support renewable energy integration in key U.S. markets [3]. - e-STORAGE will utilize its proprietary SolBank 3.0 battery energy storage solution, which features lithium-iron-phosphate technology, an active balancing battery management system, and advanced liquid cooling [3]. - The projects are expected to play a crucial role in stabilizing renewable energy supply and enhancing grid flexibility and reliability [4]. Group 3: Company Background - Canadian Solar is one of the largest solar technology and renewable energy companies globally, having delivered around 142 GW of solar photovoltaic modules since its founding in 2001 [5]. - The company has developed approximately 11 GWp of solar power projects and 3.7 GWh of battery energy storage projects globally [5]. - As of September 30, 2024, e-STORAGE has shipped over 8 GWh of battery energy storage solutions and has a contracted backlog of US$3.2 billion as of November 30, 2024 [5]. Group 4: Subsidiary and Partner Information - e-STORAGE specializes in designing, manufacturing, and integrating battery energy storage systems for utility-scale applications, with an annual production capacity of 20 GWh [6]. - Aypa Power, a partner in these projects, is a Blackstone portfolio company focused on developing utility-scale energy storage and hybrid renewable energy projects, with over 22 GW in development across North America [7].