Canadian Solar’s CSI Energy Storage secures 487 MWh battery supply agreement with Blackstone-backed Aypa Powe

The vitality storage merchandise supplied by CSI Vitality Storage shall be used to assist Aypa Energy’s 487 MWh standalone vitality storage mission in Southern California. The standalone vitality storage mission is predicted to be operational within the first half of 2024. The mission will use CSI Vitality Storage’s SolBank, a proprietary battery vitality storage resolution designed and manufactured for utility-scale functions .

Canadian Photo voltaic Inc. (the “Firm” or “Canadian Photo voltaic”) (NASDAQ: CSIQ) introduced at the moment that CSI Vitality Storage, a part of its majority-owned subsidiary CSI Photo voltaic Co., Ltd. (“CSI Photo voltaic”), has been chosen to produce 487 MWh of SolBank’s vitality storage merchandise to Aypa Energy, a Blackstone portfolio firm that develops, owns and operates vitality storage and energy tasks. hybrid renewable vitality throughout North America.

The vitality storage merchandise supplied by CSI Vitality Storage shall be used to assist Aypa Energy’s 487 MWh standalone vitality storage mission in Southern California. The standalone vitality storage mission is predicted to be operational within the first half of 2024. The mission will use CSI Vitality Storage’s SolBank, a proprietary battery vitality storage resolution designed and manufactured for utility-scale functions .

“We’re excited to work with the CSI Vitality Storage group and stay up for increasing our partnership,” stated Moe Hajabed, CEO of Aypa Energy. “Our Cald mission, positioned in downtown Los Angeles, will present crucial reliability capability and assist to California because the state continues to make important progress towards its renewed targets.”

Since their first vitality storage mission went on-line in 2018, Aypa Energy has been on the forefront of vitality storage improvement. The corporate at present has greater than 15 GW in improvement throughout North America.

Dr. Shawn Qu, Chairman and CEO of Canadian Photo voltaic, commented, “Aypa Energy has developed a powerful pipeline of vitality storage tasks that can assist reliably transition the grid. CSI Vitality Storage is happy to offer SolBank battery vitality storage resolution to Aypa Energy’s 487 MWh standalone battery mission in Southern California. We stay up for supporting Aypa Energy’s continued progress.”

In September 2022, CSI Vitality Storage launched SolBank, a proprietary designed and manufactured vitality storage battery resolution. On the similar time, CSI Vitality Storage additionally introduced the enlargement of battery manufacturing capability from the prevailing 2.5 GWh to 10 GWh by the tip of 2023.

CSI Vitality Storage has deployed about 2.3 GWh of battery vitality storage options so far throughout the USA, Canada, the UK, and China. Till January 31, 2023, the entire pipeline of CSI Vitality Storage reached nearly 25 GWh. The Firm affords end-to-end vitality storage options and providers, made attainable by sturdy manufacturing capabilities and cutting-edge merchandise reminiscent of SolBank.

About Aypa Energy

Aypa Energy 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 lowering dependence on fossil fuels and making a constructive impression within the struggle towards local weather change, whereas enhancing grid reliability and stability. Aypa has been on the forefront of vitality storage improvement since their first vitality storage mission got here on-line in 2018. The corporate at present has greater than 15GW in improvement throughout North America. For extra data, observe Aypa Energy on LinkedIn or go to www.aypa.com.

About Canadian Photo voltaic Inc.

Canadian Photo voltaic was based in 2001 in Canada and is without doubt one of the largest photo voltaic know-how and renewable vitality corporations on the 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 tasks with a geographically diversified pipeline in numerous phases of improvement. Over the previous 21 years, Canadian Photo voltaic has efficiently provided almost 82 GW of premium high quality, photo voltaic photovoltaic modules to prospects around the globe. Additionally, since getting into the mission improvement enterprise in 2010, Canadian Photo voltaic has developed, constructed and linked greater than 7 GWp in additional than 20 international locations around the globe. At present, the Firm has roughly 500 MWp of tasks in operation, 6 GWp of tasks underneath building or within the backlog (late-stage), and a further 19 GWp of tasks in superior and early- stage pipeline. Canadian Photo voltaic is without doubt one of the most bankable corporations within the photo voltaic and renewable vitality trade, publicly listed on NASDAQ since 2006. For extra details about the Firm, observe Canadian Photo voltaic on LinkedIn or go to www. canadiansolar.com.