GUELPH, ON, Dec. 7, 2023 /PRNewswire/ — Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced that e-STORAGE, which is part of the Company’s majority-owned subsidiary CSI Solar Co., Ltd. (“CSI Solar”), has been awarded by Copenhagen Infrastructure Partners Flagship Funds, a supply and integration contract for a 500 MW / 1,170 MWh DC of energy storage solutions for its Coalburn 1 Project, in Scotland, UK. The Coalburn 1 project is set to become the largest battery storage project in the UK and is scheduled for installation by the first quarter of 2025.

The Coalburn 1 energy storage facility will use e-STORAGE’s cutting-edge battery technology to store generated renewable energy and release it during peak power consumption demand, to support and stabilize the National Grid transmission network. Located in a former coal community in Scotland, this project plays a crucial role in reducing carbon emissions, enhancing air quality, and contributing to the global fight against climate change. The project will avert approximately 1.6 million metric tons of CO2 emissions in the coming 14 years.

Colin Parkin, President of e-STORAGE, commented, “We are honored to work with Copenhagen Infrastructure Partners Flagship Funds to implement the largest energy storage project in the UK. With this project, e-STORAGE will be delivering nearly 2 GWh DC of energy storage to the UK market alone. We are excited to support the UK’s drive for the efficient delivery of renewable energy, fostering resilience to future climate change, while helping reduce energy costs for consumers.”

e-STORAGE will deliver its proprietary SolBank battery energy storage systems and provide full integration, commissioning, and long-term operational services for the project. SolBank is a self-manufactured battery designed for utility-scale applications. It is based on lithium-iron-phosphate (LFP) chemistry and engineered with a strong focus on safety and efficiency. The battery incorporates LFP cells, efficient liquid cooling systems, and multi-level fire safety management systems. It also includes state-of-the-art monitoring and control systems. Additionally, the active cell balancing system ensures safe operation and optimized system efficiency and overall performance.

About Copenhagen Infrastructure Partners

Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focuses on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X. CIP manages 11 funds and has to date raised approximately EUR 26 billion for investments in energy and associated infrastructure from more than 150 international institutional investors. CIP has approximately 400 employees and 12 offices around the world. For more information, visit www.cip.com