Solar(US:CSIQ) Prnewswire·2025-04-23 11:00Core Insights - Canadian Solar Inc. announced a contract through its subsidiary e-STORAGE to supply a 228 MW/912 MWh Battery Energy Storage System (BESS) for the Diego de Almagro Sur project in Chile [1][2] Company Overview - Canadian Solar is one of the largest solar technology and renewable energy companies globally, founded in 2001 and headquartered in Kitchener, Ontario [6] - The company has delivered nearly 150 GW of solar photovoltaic modules and has a contracted backlog of US$3.2 billion as of December 31, 2024 [6] - e-STORAGE, a subsidiary of Canadian Solar, specializes in battery energy storage systems and has an annual production capacity of 20 GWh [8] Project Details - The Diego de Almagro Sur BESS Project will utilize e-STORAGE's proprietary SolBank 3.0 technology, featuring lithium-iron-phosphate batteries and advanced cooling systems [2][4] - Construction is set to begin in June 2025, with commercial operation expected by December 2026, creating up to 150 jobs at peak activity [3] - The BESS will support the existing 232 MW Diego de Almagro Sur Solar Park, which has been operational since 2022 [3] Economic and Environmental Impact - The project aims to provide advanced grid services essential for integrating more renewable energy into Chile's national grid [4] - It is expected to generate a positive socio-economic impact in the Atacama Region by creating local jobs and utilizing local supply chains [4] - SolBank 3.0's efficiency and safety profile will help minimize environmental impact, aligning with Colbún's sustainability goals [4] Strategic Importance - The agreement positions Colbún as a leader in Chile's energy storage market, ensuring a secure supply of renewable energy for industrial clients [5] - The project is part of a broader strategy to enhance energy transition in Chile, emphasizing the importance of reliable and competitive renewable energy solutions [5]