The brand new settlement expands Pulse Clear Power and CSI Power Storage’s multi-year relationship
Canadian Photo voltaic Inc. (the “Firm” or “Canadian Photo voltaic”) (NASDAQ: CSIQ) introduced in the present day that CSI Power Storage, a part of its majority-owned subsidiary CSI Photo voltaic Co., Ltd. (“CSI Photo voltaic”), has been chosen to provide as much as 550 MWh of SolBank’s vitality storage merchandise to Pulse Clear Power (“Pulse”) to be used in numerous UK-based initiatives.
The 550 MWh vitality storage initiatives lined by the settlement will use CSI Power Storage’s SolBank, a proprietary battery vitality storage answer designed and manufactured for utility-scale functions. Underneath the settlement, CSI Power Storage can even present commissioning providers for the merchandise, along with long-term warranties and efficiency ensures.
The brand new settlement expands CSI Power Storage’s relationship with Pulse. In Could 2022, Pulse introduced that it had chosen CSI Power Storage to supply engineering, procurement, and building providers for a complete of 100 MWh throughout 4 initiatives. The settlement additionally features a 10-year Lengthy Time period Companies Settlement (LTSA) for the operation and upkeep of the amenities.
Trevor Wills, COO of Pulse Clear Power, commented, “This huge order dedication underlines the vitality of Pulse’s venture pipeline and our dedication to strengthening the UK’s vitality safety by reaching of 1 GW + of put in capability within the close to time period. and renewable integration stays a key focus of our efforts as every MW of storage we set up will enable regionally produced wind and photo voltaic to effectively and reliably serve UK prospects.”
Pulse has developed a pipeline of greater than 2,000 MWh of grid-scale battery storage and vitality optimization alternatives throughout the UK. CSI Power Storage’s SolBank will likely be deployed to help grid capability wants at a number of websites and extra websites throughout the UK.
In September 2022, CSI Power Storage launched SolBank, a proprietary designed and manufactured vitality storage battery answer. On the similar time, CSI Power Storage additionally introduced the growth of battery manufacturing capability from the present 2.5 GWh to 10 GWh by the top of 2023.
Dr. Shawn Qu, Chairman and CEO of Canadian Photo voltaic, commented, “We’re excited to develop our relationship with Pulse Clear Power as they speed up the execution of their pipeline of diesel-to-battery conversion initiatives and past. The Pulse initiatives may have vital environmental advantages whereas additional enabling the UK’s vitality transition. We look ahead to supporting Pulse as they proceed to develop their venture pipeline.”
CSI Power Storage has deployed greater than 2.4 GWh of battery vitality storage options thus far throughout the US, Canada, the UK, and China. Till September 30, 2022, the entire pipeline of CSI Power Storage reached nearly 25 GWh. The Firm provides end-to-end vitality storage options and providers, made potential by sturdy manufacturing capabilities and cutting-edge merchandise resembling SolBank.
About Canadian Photo voltaic Inc.
Canadian Photo voltaic was based in 2001 in Canada and is likely one of the largest photo voltaic expertise and renewable vitality firms on this planet. It’s a main producer of photo voltaic photovoltaic modules, supplier of photo voltaic vitality and battery storage options, and developer of utility-scale solar energy and battery storage initiatives with a geographically diversified pipeline in numerous levels of growth. Over the previous 21 years, Canadian Photo voltaic has efficiently equipped almost 82 GW of premium high quality, photo voltaic photovoltaic modules to prospects all over the world. Additionally, since getting into the venture growth enterprise in 2010, Canadian Photo voltaic has developed, constructed and related greater than 7 GWp in additional than 20 international locations all over the world. At present, the Firm has roughly 500 MWp of initiatives in operation, 6 GWp of initiatives underneath building or within the backlog (late-stage), and a further 19 GWp of initiatives in superior and early- stage pipeline. Canadian Photo voltaic is likely one of the most bankable firms within the photo voltaic and renewable vitality trade, publicly listed on NASDAQ since 2006. For extra details about the Firm, comply with Canadian Photo voltaic on LinkedIn or go to www. canadiansolar.com.