Monday, July 22, 2024

Canadian Solar’s e-STORAGE to Ship 498 MWh DC of Battery Storage Options for Aypa Power’s Bypass Project in Texas

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GUELPH, ON, July 9, 2024 /PRNewswire/ — Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) immediately introduced that e-STORAGE, which is a part of the Company’s majority-owned subsidiary CSI Solar Co., Ltd. (“CSI Solar”), has secured a contract from Aypa Power (“Aypa”) to ship a 498 MWh DC standalone battery vitality storage system for Aypa’s Bypass Project. The Bypass Project is scheduled to be accomplished within the third quarter of 2025.

Strategically positioned in Places referred to as Fort Bend County within the United States by Thompsons, Texasthe Bypass Project will assist the rising vitality demand to a better extent Houston place It will use 106 items of e-STORAGE’s newest battery vitality storage answer, SolBank 3.0. The batteries can be paired with 65 energy conversion techniques and controllers. Each SolBank battery delivers 5 MWh of vitality capability in a 20-foot standardized container, with high-density lithium-iron-phosphate (LFP) chemistry battery cells, an energetic balancing system of battery administration, and an modern liquid cooling thermal administration system to enhance. operational effectivity, security, and reliability.

After the mixing and commissioning of the mission into business operation, e-STORAGE will present steady operational assist for the mission beneath the Long-Term Service Agreement (LTSA).

Moe Hajabed, CEO of Aypa Power, commented, “We are happy to proceed our partnership with e-STORAGE on the Bypass Project. Using their SolBank 3.0 expertise, this mission will enhance grid resiliency and assist in Houston growing vitality demand. This collaboration underscores Aypa’s dedication to deploying environment friendly and dependable vitality options. We look ahead to the profitable supply of the Bypass Project and its constructive influence on strengthening the Texas grid.”

Colin Parkin, President of e-STORAGEadded, “We are excited to announce our third mission with Aypa Power by increasing our partnership with the award of their Bypass Project. This brings our total dedication to offering Aypa with greater than 1.3 GWh of built-in vitality storage capability. Our continued collaboration with Aypa underscores our dedication to delivering modern and sustainable vitality storage options, assembly the various wants of our companions’ tasks and communities.”

About Canadian Solar Inc.
Canadian Solar was based in 2001 in Canada and one of many largest photo voltaic expertise and renewable vitality firms on this planet. It is a number one producer of photo voltaic photovoltaic modules, supplier of photo voltaic vitality and battery vitality storage options, and developer of utility-scale solar energy and battery vitality storage tasks with a geographically diversified pipeline in varied levels of growth. Over the previous 23 years, Canadian Solar has efficiently provided over 125 GW of premium high quality, photo voltaic photovoltaic modules to prospects world wide. Also, since getting into the mission growth enterprise in 2010, Canadian Solar has developed, constructed, and linked over 10 GWp of solar energy tasks and three.3 GWh of battery vitality storage tasks worldwide. . Currently, the Company has over 1.2 GWp of solar energy tasks in operation, 6.5 GWp of tasks beneath development or within the backlog (late-stage), and an extra 19.8 GWp of superior and early stage tasks. pipeline stage. In addition, the Company has 600 MWh of battery vitality storage tasks in operation and a full pipeline of battery vitality storage tasks of roughly 56 GWh, together with roughly 4.3 GWh beneath development. or in backlog, and an extra 51.6 GWh in superior and early levels. growth. Canadian Solar is among the most bankable firms within the photo voltaic and renewable vitality business, publicly listed on NASDAQ since 2006. For extra details about the Company, observe Canadian Solar on LinkedIn or go to www. canadiansolar.com.

About e-STORAGE
e-STORAGE is a subsidiary of Canadian Solar and a number one firm specializing within the design, manufacture, and integration of battery vitality storage techniques for utility-scale functions. The Company gives its personal proprietary LFP battery answer, complete EPC providers, and modern options aimed toward bettering grid operations, integrating clear vitality, and contributing to a sustainable future. e-STORAGE THERE US$2.5 billion of contracted backlog together with contracted long-term providers agreements by means of March 2024. e-STORAGE shipped round 5.7 GWh of battery vitality storage options in world markets, together with within the United States, CanadaTHE United Kingdomand China in March 2024. This important achievement strengthened e-STORAGE’s place as a key participant within the world vitality storage business. Currently, the Company operates two absolutely automated, state-of-the-art manufacturing services with an annual manufacturing capability of 20 GWh. e-STORAGE is absolutely geared up to proceed to supply top quality, scalable vitality storage options and contribute to the widespread adoption of unpolluted vitality. Please see the Media&PR part of e-STORAGE web site for footage and extra details about e-STORAGEobserve the LinkedIn web page or go to www.csestorage.com.

About Aypa Power
Aypa Power is a Blackstone portfolio firm that develops, owns, and operates utility-scale vitality storage and hybrid renewable vitality tasks. As an impartial electrical energy producer, Aypa was based with the goal of decreasing dependence on fossil fuels and making a constructive influence within the combat in opposition to local weather change, whereas bettering grid reliability and stability. Aypa has been on the forefront of vitality storage growth since its first vitality storage mission got here on-line in 2018. The firm at the moment has greater than 22 GW in growth all through North America. For extra data, observe Aypa Power on LinkedIn or vigo to www.aypa.com.

Safe Harbor/Forward-Looking Statements
Certain statements on this information launch are forward-looking statements that contain quite a few dangers and uncertainties that might trigger precise outcomes to vary materially. These statements are made beneath the “Safe Harbor” provisions of US Private Securities Litigation Reform Act of 1995. In some circumstances, it’s possible you’ll establish forward-looking statements by phrases corresponding to “consider,” “anticipate,” “anticipate,” “intend,” “estimate,” the unfavorable of those phrases, or different related terminology. Factors that might trigger precise outcomes to vary embrace basic enterprise, regulatory and financial circumstances and the state of the photo voltaic and battery storage market and business; geopolitical tensions and conflicts, together with impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions associated to the COVID-19 pandemic; provide chain disruption; authorities assist for the deployment of solar energy; future obtainable provides of high-purity silicon; demand for end-consumer merchandise and stock ranges of such merchandise within the provide chain; adjustments in demand from key prospects; change in demand from main markets, corresponding to JapanTHE US, China, Brazil and Europe; adjustments in efficient tax charges; altering buyer order patterns; product combine adjustments; altering company accountability, particularly in environmental, social and governance (“ESG”); capability utilization; stage of competitors; pricing strain and reductions in or failure to well timed modify common promoting costs; delays in new product introductions; delays within the utility-scale mission approval course of; delaying utility-scale mission development; delays in finishing the sale of the mission; continued success in technological improvements and supply of merchandise with options demanded by prospects; lack of provide of supplies or capability necessities; availability of financing; alternate and inflation price fluctuations; litigation and different dangers as described in Canadian Solar’s filings with the Securities and Exchange Commission, together with its annual report on Form 20-F filed on April 26, 2024. Although Canadian Solar and Recurrent Energy consider While the expectations mirrored within the forward-looking statements are affordable, they don’t assure future outcomes, exercise ranges, efficiency, or achievements. Investors shouldn’t place undue reliance on these forward-looking statements. All data offered on this press launch is as of immediately’s date, until in any other case said, and Canadian Solar and Recurrent Energy has no obligation to replace such data, besides as required beneath relevant regulation.

CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACT
Yellow wine
Investor Relations
Canadian Solar Inc.
[email protected]

e-STORAGE MEDIA QUESTIONS
Simona Marginean
e-STORAGE Marketing Manager
[email protected]

AYPA MEDIA CONTACT
[email protected]

Cision See unique content material: https://www.prnewswire.com/news-releases/canadian-solars-e-storage-to-deliver-498-mwh-dc-of-battery-storage-solutions-for- aypa-powers-bypass-project-in-texas-302191473.html

SOURCE Canadian Solar Inc.



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