Solar(US:CSIQ) Prnewswireยท2025-10-01 11:00Core Insights - Canadian Solar Inc. has announced that its subsidiary e-STORAGE has entered into Battery Storage Agreements and Long-Term Services Agreements with Aypa Power for the Elora and Hedley battery energy storage projects in Ontario, Canada [1][2]. Project Details - The Elora and Hedley projects will provide a total of 420 MW / 2,122 MWh of new storage capacity to Ontario's grid, positioning them among the largest energy storage facilities under development in the province [2]. - Both projects will utilize e-STORAGE's SolBank product under 20-year Long-Term Services Agreements, which include continuous monitoring, preventive maintenance, and performance guarantees [3]. Operational Timeline - Delivery of the projects is scheduled to commence in the first quarter of 2026, with commercial operations expected to begin in the first half of 2027 [3]. Strategic Importance - The projects are seen as critical investments in Ontario's energy system, providing flexible capacity to meet rising demand and maintain grid reliability [4]. - The collaboration between e-STORAGE and Aypa Power emphasizes the commitment to delivering essential energy infrastructure across North America [2][4]. Company Background - Canadian Solar is one of the world's largest solar technology and renewable energy companies, having delivered nearly 165 GW of solar photovoltaic modules globally [5]. - The company has a contracted backlog of $3 billion in battery energy storage solutions as of June 30, 2025, and operates a diversified project development pipeline with 27 GWp of solar and 80 GWh of battery energy storage capacity [5]. Subsidiary Overview - e-STORAGE specializes in designing, manufacturing, and integrating battery energy storage systems for utility-scale applications, with an annual battery energy storage system capacity of 10 GWh [6]. Partner Company Profile - Aypa Power, a Blackstone portfolio company, develops and operates utility-scale energy storage and hybrid renewable energy projects across North America, with a development pipeline exceeding 22 gigawatts [8].