FlexBank 1.0

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Canadian Solar Inc. (CSIQ) to Unveil New Battery Storage Solution
Yahoo Finance· 2025-09-12 11:00
Company Overview - Canadian Solar Inc. (NASDAQ:CSIQ) is recognized as a leading company in the wind power and solar sectors, focusing on developing and manufacturing solar energy and battery energy storage solutions [1][4] - The company has delivered nearly 165 GW of solar photovoltaic modules globally since its inception in 2001 and has shipped 13 GWh of battery storage solutions as of the end of June [3] New Product Launch - The company’s subsidiary, e-STORAGE, is set to unveil FlexBank 1.0, a modular battery system designed for utility-scale energy storage applications [1][2] - FlexBank 1.0 is designed to deliver 8.36 MWh and features an open frame architecture that simplifies logistics and installation, built on 314Ah Lithium-Iron-Phosphate cell technology with multiple safety features [2][3] Strategic Importance - The introduction of FlexBank 1.0 represents a strategic evolution of Canadian Solar's utility-scale energy storage platform, aimed at addressing critical customer needs for safe, adaptable, and cost-effective solutions [3]
e-STORAGE Launches FlexBank 1.0, an 8.36 MWh Energy Storage Modular Battery, at RE+ 2025 in Las Vegas
Prnewswire· 2025-09-04 11:00
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].