Canadian Solar Inc., recently announced that CSI Energy Storage, a majorly owned subsidiary CSI Solar Co., Ltd., has been chosen to provide 550 MWh of SolBank energy storage products to Pulse Clean Energy to be used in multiple UK-based projects.
The 550 MWh of energy storage projects covered by the agreement will use a proprietary battery energy storage solution, CSI Energy Storage's SolBank, which is designed and produced for utility-scale applications. As per the agreement, CSI Energy Storage will also deliver commissioning services for the products in addition to long-term warranties and performance guarantees.
The new arrangement expands the relationship between CSI Energy Storage and Pulse, following Pulse's announcement in May 2022 that it had selected CSI Energy Storage to provide engineering, procurement, and construction services for four projects totaling 100 MWh. In addition, a long-term services agreement (LTSA) spanning ten years for the operation and maintenance of the facilities was also included in the contract.
Pulse has developed a pipeline of over 2,000 MWh of grid-scale battery storage and energy optimization opportunities in the United Kingdom. SolBank from CSI Energy Storage will be deployed to support the grid's capacity requirements at a number of these sites and additional sites in the United Kingdom.
CSI Storage introduced SolBank in September 2022, a proprietary energy storage battery solution. CSI Energy Storage also aims to expand its battery manufacturing capacity from 2.5 GWh to 10 GWh by the end of 2023.
About Canadian Solar Inc.
Founded in Canada in 2001, Canadian Solar Inc. is one of the largest global solar technology and renewable energy companies. A leading producer of solar photovoltaic modules and supplier of solar energy and battery storage solutions., the company is also a developer of utility-scale solar power. Canadian Solar has successfully deployed approximately 82 GW of solar photovoltaic modules to customers worldwide over the past 21 years. Canadian Solar has also developed, constructed, and connected over 7 GWp in over 20 countries worldwide from 2010 onwards. Since its 2006 NASDAQ listing, Canadian Solar has been one of the most bankable solar and renewable energy companies.