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].

KITCHENER, ON, May 6, 2025 /PRNewswire/ -- Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today announced that e-STORAGE, which is part of the Company's majority-owned subsidiary CSI Solar Co., Ltd. ("CSI Solar"), will officially launch its SolBank 3.0 Plus battery energy storage product at Intersolar Europe. SolBank 3.0 Plus is e-STORAGE's next technological advancement in its successful SolBank battery solutions product line offering. SolBank 3.0 Plus uses enhancements to the Lithi ...