Core 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].

Core Viewpoint - Canadian Solar Inc. is set to launch its next-generation modular battery, FlexBank 1.0, at the RE+ event in Las Vegas, with deployment expected in 2026 [1][5]. Group 1: Product Overview - FlexBank 1.0 is a scalable energy storage platform with an energy capacity of up to 8.36 MWh, designed for utility-scale applications [2]. - The modular open-frame architecture allows each cabinet to function independently, simplifying logistics and installation [2]. - Built on proven 314Ah Lithium Iron Phosphate (LFP) cell technology, FlexBank 1.0 enhances safety with a multi-tiered protection system [3]. Group 2: Design and Integration - The skid-mounted design of FlexBank 1.0 enables rapid on-site assembly and versatile layout configurations, reducing EPC costs while maximizing energy density [4]. - The system is fully compatible with power conversion systems, ensuring seamless integration for new deployments and site augmentations [4]. Group 3: Company Background - Canadian Solar is one of the largest solar technology and renewable energy companies, having delivered nearly 165 GW of solar photovoltaic modules globally [6]. - The company has a contracted backlog of $3 billion in battery energy storage solutions as of June 30, 2025, and has developed approximately 12 GWp of solar power projects [6]. - e-STORAGE, a subsidiary of Canadian Solar, specializes in battery energy storage systems and has an annual battery energy storage system capacity of 10 GWh [7].

Core Viewpoint - Canadian Solar Inc. has successfully completed Large-Scale Fire Testing for its SolBank 3.0 energy storage system, demonstrating enhanced fire safety for utility-scale deployments [1][3]. Group 1: Testing and Safety - The Large-Scale Fire Testing (LSFT) was conducted under the CSA C-800:25 §9.7 protocol, which evaluates fire propagation risks between adjacent battery energy storage systems (BESS) [2]. - During the LSFT, all structural elements of the SolBank 3.0 remained intact, confirming its ability to contain thermal events within a single enclosure [2][3]. - The test results showed no fire propagation to adjacent units, validating the passive fire containment design of the SolBank 3.0 [3]. Group 2: Industry Impact and Leadership - Key stakeholders in the energy storage industry have expressed concerns about fire safety, and the successful testing of the e-STORAGE system addresses these concerns by demonstrating effective fire containment [4]. - The completion of LSFT positions e-STORAGE as a leader in safe and scalable energy storage solutions, reinforcing its commitment to exceed industry safety standards [4]. Group 3: Company Overview - Canadian Solar is a major player in the solar technology and renewable energy sector, having delivered nearly 157 GW of solar photovoltaic modules globally [5]. - As of March 31, 2025, e-STORAGE has shipped over 11 GWh of battery energy storage solutions and has a contracted backlog valued at $3.2 billion [5]. - The company has developed approximately 11.6 GWp of solar power projects and 4.5 GWh of battery energy storage projects globally, with a diversified project pipeline of 27 GWp of solar and 76 GWh of battery storage capacity [5].

Core Insights - Canadian Solar Inc. announced the launch of its SolBank 3.0 Plus battery energy storage product at Intersolar Europe, marking a significant advancement in its product line [1][4] Product Features - SolBank 3.0 Plus features enhancements in Lithium-Ion Phosphate (LFP) battery cell manufacturing, offering a 25-year lifespan, near-zero degradation for the first four years, and up to 12,000 cycles with 95% round-trip efficiency [2] - The product can increase lifetime energy throughput by over 13%, significantly reducing operational costs for customers [2] - Additional features include an aerospace-grade heat-resistant separator, upgraded electrical protection systems, and an optimized cooling system that reduces auxiliary load power consumption by up to 30% [3] Company Overview - Canadian Solar is one of the largest solar technology and renewable energy companies globally, having delivered nearly 150 GW of solar photovoltaic modules and over 10 GWh of battery energy storage solutions as of December 31, 2024 [5] - The company has a contracted backlog of US$3.2 billion and has developed approximately 11.5 GWp of solar power projects and 4.5 GWh of battery energy storage projects globally [5] - Canadian Solar operates a geographically diversified project development pipeline with 25 GWp of solar and 75 GWh of battery energy storage capacity in various stages of development [5] Subsidiary Information - e-STORAGE, a subsidiary of Canadian Solar, specializes in designing and manufacturing battery energy storage systems for utility-scale applications, with an annual production capacity of 20 GWh [6]