Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Canadian Solar Inc said on Thursday that e-STORAGE, which is part of its majority-owned subsidiary CSI Solar Co Ltd, would provide 1,200 MWh (1,519 MWh DC nominal) of energy storage solutions to Recurrent Energy’s Papago Storage project in Arizona.

A wholly-owned subsidiary of Canadian Solar, Recurrent Energy will begin constructing Papago Storage in Q3 of 2024.

Papago Storage will take advantage of e-STORAGE’s SolBank, a proprietary battery energy storage solution manufactured for utility-scale applications.

Once completed, Papago Storage will become the largest standalone energy storage project in Arizona.

e-STORAGE will also provide operations and maintenance services as well as comprehensive performance guarantees under a 20-year service agreement to the project, Canadian Solar said.

At present, e-STORAGE operates two fully automated manufacturing facilities with an annual capacity of 10 GWh.

“We are excited to provide battery storage solutions to one of the most significant energy storage projects globally. The SolBank, our proprietary battery storage product, offers best-in-market product safety and cost competitiveness, and this agreement demonstrates our ability to provide battery energy storage solutions at scale and on a timeline that our customers require. Working with our partners at Recurrent Energy, we are pleased to expand into a new and growing market for energy storage and provide the much-needed flexible energy capacity to support a greener future for all,” Yan Zhuang, President of Canadian Solar’s CSI Solar Co Ltd, said in a press release.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Gold erases earlier gains following positive U.S. dataGold erases earlier gains following positive U.S. data Gold tumbled back to the red side of the scale, erasing earlier daily gains, as positive U.S. data strengthened the dollar and supported outlook for earlier-than-expected deceleration of Feds Quantitative Easing program.On the Comex […]
  • Forex Market: USD/INR daily forecastForex Market: USD/INR daily forecast During Friday’s trading session USD/INR traded within the range of 59.925-60.266 and closed at 60.025.At 9:32 GMT, USD/INR was trading at 60.130, adding 0.17% for the day. The pair touched a daily high at 60.145 at 9:15 GMT.Fundamental […]
  • Microsoft Corp. announces record sales under CEO BallmerMicrosoft Corp. announces record sales under CEO Ballmer In his last months at the position of Chief Executive Officer of Microsoft Corp.s, Steve Ballmer managed to deliver results even higher than expectations thanks to the increased interest of the companys customers towards game consoles and […]
  • Gold trading outlook: futures distance from recent highs as the US dollar regains groundGold trading outlook: futures distance from recent highs as the US dollar regains ground On Thursday gold for delivery in April traded within the range of $1,255.90-$1,270.10. Futures closed at $1,259.80, soaring 2.48% on a daily basis. It has been the 18th gain in the past 34 trading days and also the sharpest one since February […]
  • Amazon shares rebound on Wednesday, e-commerce giant opens pop-up store in MadridAmazon shares rebound on Wednesday, e-commerce giant opens pop-up store in Madrid Amazon.com Inc (AMZN) said on Wednesday that it had opened its first Spanish pop-up store in an old building located in one of Madrid’s busiest shopping districts, Calle Princesa.Amazon shares closed higher for the second time in the […]
  • Forex Market: EUR/CAD daily trading forecastForex Market: EUR/CAD daily trading forecast Yesterday’s trade saw EUR/CAD within the range of 1.4045-1.4191. The pair closed at 1.4191, gaining 0.95% on a daily basis.At 7:08 GMT today EUR/CAD was down 0.12% for the day to trade at 1.4171. The pair touched a daily low at 1.4157 at […]