Canadian Solar's e-STORAGE to Power 200 MWh Energy Storage Project in Southeastern Australia

Core Viewpoint - Canadian Solar Inc. has secured a turnkey EPC contract for a 100 MW / 200 MWh energy storage project in Victoria, Australia, through its subsidiary e-STORAGE, marking a significant step in the company's expansion in the renewable energy sector [1][2]. Group 1: Project Details - e-STORAGE will provide its latest energy storage solution, SolBank 3.0, which offers over 5 MWh of capacity in a 20-ft container, representing a 45% increase in capacity compared to the previous generation [2]. - The project is expected to create numerous jobs during both construction and operational phases, highlighting its positive impact on the local community [2]. Group 2: Company Background - Canadian Solar, founded in 2001, is one of the largest solar technology and renewable energy companies globally, having delivered over 125 GW of solar photovoltaic modules and developed over 10 GWp of solar power projects and 3.3 GWh of battery energy storage projects since 2010 [4]. - The company currently has over 1.2 GWp of solar power projects in operation and a total battery energy storage project development pipeline of around 56 GWh, including approximately 4.3 GWh under construction or in backlog [4]. Group 3: Subsidiary Overview - e-STORAGE specializes in designing, manufacturing, and integrating battery energy storage systems for utility-scale applications, having shipped close to 5.7 GWh DC of battery energy storage solutions globally as of March 2024 [5]. - The subsidiary operates two fully automated manufacturing facilities with an annual production capacity of 20 GWh energy storage solutions, reinforcing its position in the global energy storage integration industry [5].