Nova Scotia’s 1st Grid-Scale Battery Energy Storage Facilities

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Canadian Photo voltaic Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) right now introduced that e-STORAGE, which is a part of the Firm’s majority-owned subsidiary CSI Photo voltaic Co., Ltd. (“CSI Solar”), has secured a contract from Nova Scotia Energy to develop flagship power storage tasks throughout three areas in Nova Scotia, Canada: Bridgewater, Waverleyand White Rock.

The tasks, totaling 150 MW / 705 MWh DC, will play an important function in enhancing grid reliability and stability, supporting the province’s transition to cleaner power. Development can be accomplished by the tip of 2026, and the primary website anticipated to be operational in 2025. e-STORAGE will present complete engineering, procurement, and building (EPC) companies together with long-term service agreements (LTSA).

e-STORAGE’s experience in engineering utility-scale battery power storage techniques ensures the tasks meet the best security requirements and regulatory necessities. With cutting-edge applied sciences and rigorous security protocols, e-STORAGE addresses the growing demand for power storage options whereas guaranteeing neighborhood security and grid reliability.

e-STORAGE has shipped greater than 5 GWh of battery power storage options throughout North America, Europeand Asia Pacific markets. As a Canadian firm, Canadian Photo voltaic takes pleasure in leveraging its international experience and capabilities to empower Canadian companies in transitioning to a sustainable power future. As international demand for superior power options continues to rise, e-STORAGE is scaling up manufacturing to satisfy the evolving wants of shoppers and companions.

Peter GreggPresident of Nova Scotia Energycommented, “We look forward to collaborating with communities and project partners to ensure these projects provide the most cost-effective value to our customers. These grid-scale battery energy storage projects will help maintain system reliability during Nova Scotia’s clean energy transition, delivering safe and clean energy when needed.”

Colin ParkinPresident of e-STORAGE, added, “We are thrilled to partner with Nova Scotia Power on these innovative energy storage projects, contributing to provincial and federal targets of achieving 80% renewables by 2030. As Canadians, we are committed to making a significant environmental impact at home while empowering our clients to shift electricity generation to long-term renewable energy sources. We are proud to be setting a precedent for North Americacreating local jobs, and enhancing grid reliability.”

About Canadian Photo voltaic Inc.

Canadian Photo voltaic was based in 2001 in Canada and is among the world’s largest photo voltaic expertise and renewable power corporations. It’s a main producer of photo voltaic photovoltaic modules, supplier of photo voltaic power and battery power storage options, and developer of utility-scale solar energy and battery power storage tasks with a geographically diversified pipeline in numerous phases of improvement. Over the previous 23 years, Canadian Photo voltaic has efficiently delivered over 125 GW of premium-quality, photo voltaic photovoltaic modules to clients internationally. Likewise, since getting into the undertaking improvement enterprise in 2010, Canadian Photo voltaic has developed, constructed, and related over 10 GWp of solar energy tasks and three.3 GWh of battery power storage tasks internationally. At present, the Firm has over 1.2 GWp of solar energy tasks in operation, 6.5 GWp of tasks underneath building or in backlog (late-stage), and a further 19.8 GWp of tasks in superior and early-stage pipeline. As well as, the Firm has 600 MWh of battery power storage tasks in operation and a complete battery power storage undertaking improvement pipeline of round 56 GWh, together with roughly 4.3 GWh underneath building or in backlog, and a further 51.6 GWh at superior and early-stage improvement. Canadian Photo voltaic is among the most bankable corporations within the photo voltaic and renewable power trade, having been publicly listed on the NASDAQ since 2006.

Supply: Canadian Photo voltaic Inc.