Core Insights - Canadian Solar Inc.'s subsidiary e-STORAGE has secured a contract for the Skyview 2 Energy Storage Project, which will deliver a fully integrated energy storage solution with a capacity of 411 MW and 1,858 MWh [2][10] - The project is part of Ontario's Long-Term Reliability energy-storage procurement process and is developed in partnership with Potentia Renewables Inc. and the Algonquins of Pikwàkanagàn First Nation [3][10] - e-STORAGE will provide approximately 390 units of its SolBank 3.0 energy storage solution, with shipments starting in February 2026 and commercial operations expected in Q2 2027 [4][10] Project Details - e-STORAGE will manage system integration, substation work, and transmission line interconnection to the existing grid, along with a 21-year Long-Term Service Agreement for system performance [5][10] - The project adds to e-STORAGE's existing portfolio of 8 GWh of energy storage projects across North America, enhancing its execution track record [6] Market Growth Prospects - The North American energy storage systems market is projected to grow at a CAGR of 16.1% from 2024 to 2032, driven by the need to modernize aging grid infrastructure and increasing demand for clean energy technologies [7] - Canadian Solar's recent agreements, including a battery storage contract with Aypa Power for two projects in Ontario, will add 420 MW and 2,122 MWh of new storage capacity [8][9] Competitive Landscape - Other solar companies, such as SolarEdge Technologies and Enphase Energy, are also expanding their presence in the North American energy storage market, indicating a competitive environment [10][11] - Canadian Solar's stock has seen a significant increase of 167.7% over the past six months, outperforming the industry growth of 33.9% [15]

Core Insights - Canadian Solar Inc. has announced a contract for a fully integrated energy storage solution and turnkey EPC services for the 411 MW/1,858 MWh Skyview 2 Energy Storage Project in Ontario, Canada [1][2][3] Project Details - The Skyview 2 project is developed by Potentia Renewables in collaboration with the Algonquins of Pikwakanagan First Nation and is part of Ontario's Long-Term Reliability energy storage procurement process [2] - e-STORAGE will deliver approximately 390 units of its proprietary SolBank 3.0 energy storage solution, with shipments starting in February 2026 and commercial operation expected in Q2 2027 [3] - The project includes a 21-year Long-Term Agreement to ensure system performance and reliability [3] Company Background - Canadian Solar is one of the largest solar technology and renewable energy companies globally, having delivered nearly 165 GW of solar photovoltaic modules and developed approximately 12 GWp of solar power projects and 6 GWh of battery energy storage projects [6] - e-STORAGE, a subsidiary of Canadian Solar, specializes in battery energy storage systems for utility-scale applications and has an annual battery energy storage system capacity of 10 GWh [8]