Connection

popular articles

Vattenfall and Industrikraft increase electricity supply in Sweden
Cortus and Nordbex sign contract for 60 MW biomass power plant
Natron Energy invests USD 1.4 billion in sodium-ion battery plant
Areva: Strategic stakes of Uramin takeover re-examined
Corsica Sole initiates construction of solar power plant at Cirey-sur-Vezouze

CSI Energy Storage expands into the United States

CSI Energy Storage, a subsidiary of Canadian Solar, announces that it will supply 2.6GWh of battery solutions in North America.

Please share:

CSI Energy Storage, a subsidiary of Canadian Solar, announces that it will supply 2.6GWh of battery solutions in North America.

An expansion strategy

CSI Energy Storage will support energy storage projects managed by UBS Asset Management’s Real Estate & Private Markets division. The company is looking to expand its pipeline of storage projects by expanding into the United States. These projects are expected to begin operation between 2024 and 2025.

The agreements cover utility-scale applications with a battery energy storage solution called SolBank. Canadian Solar will also provide full commissioning and integration services. The scale of these projects will make it possible to meet storage needs, particularly in situations of shortage.

Finally, it is a solution that will prevent outages by responding to operator dispatch signals. Shawn Qu, President and CEO of Canadian Solar, says:

“SolBank, our proprietary battery storage product, offers the best security and cost competitiveness in the market. Our agreement with UBS demonstrates our ability to attract leading investors and deliver battery energy storage solutions at the scale and in the timeframe required by our customers.”

Canadian Solar is a leading solar and renewable energy technology company.

A recognized company

Mark Saunders, the co-head of energy storage infrastructure at UBS Asset Management, states:

“Batteries used at utility scale are a critical component of the energy transition. We are pleased to be able to partner with a leading provider to enable us to rapidly scale our energy storage solutions and look forward to working alongside CSI Energy Storage to deliver benefits to all our stakeholders.”

Canadian Solar has an extremely diverse geographic pipeline. CSI Energy Storage has operations in more than 20 countries, including the United States, Canada, the United Kingdom and China.

The new solutions deployed by CSI Energy Storage should help strengthen its position in North America. In total, the company operates over 311MWp of solar projects. It also has 5.3GWp of projects under construction.

Finally, Canadian Solar plans to build an additional 21 GWp of projects in the coming years. CSI Energy Storage reaches a total pipeline of 25GW. These are energy storage solutions and services, based on products like SolBank.

Register free of charge for uninterrupted access.

Publicite

Latest news

Arctech SkyWings: A Revolution for the World’s Largest Solar Plant on Mining Land
A Strategic Partnership for a Green Hydrogen Project in Newfoundland
Enel announces €43 billion in investments and a dividend increase
Singapore: 17 Years in Prison for Former Oil Tycoon O.K. Lim in $100 Million Fraud
Ecolectro raises $10.5M to deploy its AEM electrolyzer technology

Recently published in

Northvolt sells its California plant to Lyten to refocus on European operations amid financial challenges

The Swedish manufacturer Northvolt sells its California site to Lyten, a U.S. start-up specializing in lithium-sulfur batteries. This strategic decision refocuses its projects in Europe, while Lyten invests massively in the United States. Meanwhile, Northvolt faces significant financial challenges.
esVolta: A $110 Million USD Investment for 300 MWh of Energy Storage
The company esVolta secured $110 million USD in financing in partnership with Greenprint Capital Management to develop the Hummingbird project, a 300 MWh energy storage system designed to strengthen California’s power grid.
en_1140421540
esVolta: A $110 Million USD Investment for 300 MWh of Energy Storage
The company esVolta secured $110 million USD in financing in partnership with Greenprint Capital Management to develop the Hummingbird project, a 300 MWh energy storage system designed to strengthen California’s power grid.
en_1140421540
Germany Paves the Way for European and Sustainable Lithium
In Germany, Vulcan Energy inaugurates a unique refining plant using geothermal energy to produce low-carbon lithium, a key step towards European independence in critical metals and energy storage.
en_1140413540
Germany Paves the Way for European and Sustainable Lithium
In Germany, Vulcan Energy inaugurates a unique refining plant using geothermal energy to produce low-carbon lithium, a key step towards European independence in critical metals and energy storage.
en_1140413540
Australia: Eku Energy Secures 250 MW for Storage in Canberra
Eku Energy has finalized financing for its 250 MW/500 MWh energy storage system in Canberra, contributing to the energy security of the ACT and its ambitious climate goals.
en_1140316540
Australia: Eku Energy Secures 250 MW for Storage in Canberra
Eku Energy has finalized financing for its 250 MW/500 MWh energy storage system in Canberra, contributing to the energy security of the ACT and its ambitious climate goals.
en_1140316540

Saudi Arabia: 8 GWh Battery Storage Tender Launched

Saudi Arabia has launched a tender for four energy storage projects totaling 2,000 MW, aiming to strengthen its storage capacity and integrate more renewable sources into its power grid.
Iontra receives ARPA-E grant to extend the life of electric vehicle batteries
Iontra Inc., in partnership with Idaho National Laboratory and Freudenberg Power Systems, receives a $2.15 million ARPA-E grant to optimize battery state management for electric vehicles and extend their lifespan.
en_1140264540
Iontra receives ARPA-E grant to extend the life of electric vehicle batteries
Iontra Inc., in partnership with Idaho National Laboratory and Freudenberg Power Systems, receives a $2.15 million ARPA-E grant to optimize battery state management for electric vehicles and extend their lifespan.
en_1140264540
Castleton Commodities strengthens its European presence with the acquisition of LC Energy Grid Services
By integrating LC Energy Grid Services, Castleton Commodities, through its subsidiary S4 Energy, consolidates its position in the strategic battery energy storage market in the Netherlands.
en_1140191540
Castleton Commodities strengthens its European presence with the acquisition of LC Energy Grid Services
By integrating LC Energy Grid Services, Castleton Commodities, through its subsidiary S4 Energy, consolidates its position in the strategic battery energy storage market in the Netherlands.
en_1140191540
Ormat launches the largest energy storage installation in California with an 80MW project
Ormat Technologies launches in California its largest energy storage project, Bottleneck, an 80MW/320MWh system designed to provide energy services to San Diego Gas & Electric under a 15-year contract.
Ormat launches the largest energy storage installation in California with an 80MW project
Ormat Technologies launches in California its largest energy storage project, Bottleneck, an 80MW/320MWh system designed to provide energy services to San Diego Gas & Electric under a 15-year contract.

SERMATEC Installs a 5.1 MW Energy Storage System in Bulgaria

SERMATEC deploys a 5.1 MW/17.8 MWh energy storage system in Bulgaria, aiming to optimize solar energy management and support the stability of the local power grid.
Energy Vault and Enervest Launch a 1.0 GWh Energy Storage Project in New South Wales
Energy Vault and Enervest partner to deploy a 1.0 GWh energy storage facility in New South Wales, aiming to strengthen grid stability and promote renewable energy in the region.
en_114066540
Energy Vault and Enervest Launch a 1.0 GWh Energy Storage Project in New South Wales
Energy Vault and Enervest partner to deploy a 1.0 GWh energy storage facility in New South Wales, aiming to strengthen grid stability and promote renewable energy in the region.
en_114066540
California’s Battery Storage Capacity Climbs 30% Since April
California's Battery Storage Capacity Climbs 30% Since April
en_1140999925540
California’s Battery Storage Capacity Climbs 30% Since April
California's Battery Storage Capacity Climbs 30% Since April
en_1140999925540
SolarEdge and Pacific Energy accelerate the decarbonization of Australian mining sites with energy storage systems
SolarEdge Technologies and Pacific Energy collaborate to provide large-scale energy storage systems, significantly contributing to the decarbonization of Australian mines and towns. More than 55 MWh of BESS have been delivered, with 66 MWh in preparation.
en_1140880943540
SolarEdge and Pacific Energy accelerate the decarbonization of Australian mining sites with energy storage systems
SolarEdge Technologies and Pacific Energy collaborate to provide large-scale energy storage systems, significantly contributing to the decarbonization of Australian mines and towns. More than 55 MWh of BESS have been delivered, with 66 MWh in preparation.
en_1140880943540

Northvolt Advances in Refinancing Negotiations

Northvolt, the Swedish battery manufacturer, announces significant progress in its refinancing discussions while taking steps to stabilize its financial situation.
The United Kingdom Launches a Support Program for Long-Duration Energy Storage
The Russian Deputy Prime Minister announces that the decision to increase oil production by OPEC+ in December remains uncertain, due to market fluctuations and global demand.
en_1140660796540
The United Kingdom Launches a Support Program for Long-Duration Energy Storage
The Russian Deputy Prime Minister announces that the decision to increase oil production by OPEC+ in December remains uncertain, due to market fluctuations and global demand.
en_1140660796540
Lakeside Inaugurates the Largest Transmission-Connected Battery Energy Storage System in the UK
Lakeside Inaugurates the Largest Transmission-Connected Battery Energy Storage System in the UK
en_1140770744540
Lakeside Inaugurates the Largest Transmission-Connected Battery Energy Storage System in the UK
Lakeside Inaugurates the Largest Transmission-Connected Battery Energy Storage System in the UK
en_1140770744540
Northvolt Files for Bankruptcy of Its Subsidiary Dedicated to Expanding Its Swedish Factory
Northvolt, the Swedish battery manufacturer, announces the bankruptcy filing of its subsidiary responsible for expanding its Skelleftea factory, impacting 1,600 jobs and slowing its European ambitions.
en_1140770738540
Northvolt Files for Bankruptcy of Its Subsidiary Dedicated to Expanding Its Swedish Factory
Northvolt, the Swedish battery manufacturer, announces the bankruptcy filing of its subsidiary responsible for expanding its Skelleftea factory, impacting 1,600 jobs and slowing its European ambitions.
en_1140770738540

Copenhagen Infrastructure Partners launches 1,100 MWh energy storage project in Chile

Copenhagen Infrastructure Partners has made a final investment decision for a 1,100 MWh energy storage system in Chile, marking a major advancement in the country’s renewable energy sector.
London Invests £22 Billion in Carbon Capture
The British government announces a £22 billion investment over 25 years to develop carbon capture and storage projects, aiming to reduce CO₂ emissions.
en_1140790894540
London Invests £22 Billion in Carbon Capture
The British government announces a £22 billion investment over 25 years to develop carbon capture and storage projects, aiming to reduce CO₂ emissions.
en_1140790894540
BrightNight Receives Approval for Victoria’s Largest Hybrid Renewable Project
BrightNight has obtained government approval for the Mortlake Energy Hub, Victoria's largest hybrid renewable energy project, investing $700 million and creating over 300 local jobs.
en_1140790973540
BrightNight Receives Approval for Victoria’s Largest Hybrid Renewable Project
BrightNight has obtained government approval for the Mortlake Energy Hub, Victoria's largest hybrid renewable energy project, investing $700 million and creating over 300 local jobs.
en_1140790973540
RWE begins construction of 450 MW battery storage projects in the U.S.
RWE, a leader in renewable energy, has started the construction of three battery storage projects in Texas, totaling 450 MW. These facilities aim to enhance the resilience of the regional power grid and contribute to RWE’s global goal of reaching 6 GW of storage capacity by 2030.
en_1140590946540
RWE begins construction of 450 MW battery storage projects in the U.S.
RWE, a leader in renewable energy, has started the construction of three battery storage projects in Texas, totaling 450 MW. These facilities aim to enhance the resilience of the regional power grid and contribute to RWE’s global goal of reaching 6 GW of storage capacity by 2030.
en_1140590946540

Polarium raises $49 million to fund its turnaround

The Swedish energy storage systems manufacturer, Polarium, has raised 500 million Swedish kronor ($49 million) through convertible preference shares to support its turnaround strategy. This financing primarily comes from its existing shareholders, including Vargas Holding, and aims to stabilize the company’s financial situation while supporting its growth prospects.
India Launches a Tender for 6,000 MW of Renewable Capacity with Storage
India seeks to stabilize its power grid with a 6,000 MW tender for renewable energy projects coupled with storage solutions. This project aims to reach 500 GW of non-fossil capacity by 2030 and meet peak-hour demand effectively.
en_1140290935540
India Launches a Tender for 6,000 MW of Renewable Capacity with Storage
India seeks to stabilize its power grid with a 6,000 MW tender for renewable energy projects coupled with storage solutions. This project aims to reach 500 GW of non-fossil capacity by 2030 and meet peak-hour demand effectively.
en_1140290935540
India: MEIL to develop 4000 MW of hydroelectric storage in Maharashtra
Megha Engineering & Infrastructures Limited (MEIL) is developing two hydroelectric storage projects in Maharashtra, with a total capacity of 4,000 MW, marking a breakthrough in energy management in India.
Design sans titre-302
India: MEIL to develop 4000 MW of hydroelectric storage in Maharashtra
Megha Engineering & Infrastructures Limited (MEIL) is developing two hydroelectric storage projects in Maharashtra, with a total capacity of 4,000 MW, marking a breakthrough in energy management in India.
Design sans titre-302
Sungrow and MSR-GE launch 100 MW BESS project in Malaysia
Sungrow and MSR-GE are developing a 100 MW/400 MWh battery energy storage project in Malaysia, aimed at improving grid stability and preparing for the energy transition in the state of Sabah.
Design sans titre-280
Sungrow and MSR-GE launch 100 MW BESS project in Malaysia
Sungrow and MSR-GE are developing a 100 MW/400 MWh battery energy storage project in Malaysia, aimed at improving grid stability and preparing for the energy transition in the state of Sabah.
Design sans titre-280

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS