GUELPH, ON, Dec. 12, 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”), will launch SolBank 3.0, the latest iteration of its utility-scale energy storage system.

With a power up to 2.35 MW and capacity of 5 MWh, SolBank 3.0 seamlessly integrates high energy density cells, advanced safety system, smart liquid cooling, and active balance system controls. Solbank 3.0, housed in a 20-ft container, boasts a remarkable up to 45% increase in product-level capacity and up to 40% decrease in commissioning time, compared to its previous generation.

SolBank 3.0 is equipped with a pack and electrical redundancy protection system, smart abnormal performance detection, multi-level fire alarm, and suppression protection, all of these ensuring product safety. At the same time, the optimized thermal management system reduces auxiliary power consumption by up to 30% compared to the previous generation. SolBank 3.0’s flexible and modular design is compatible with different power conversion systems (PCS).

Colin Parkin, President of e-STORAGE, commented, “SolBank 3.0 sets a new standard in energy storage solutions and provides enhanced operational efficiency and reliability. SolBank 3.0 features exceptional new elements like higher energy density cells and advanced safety design. In addition, our e-STORAGE team also provides value-added services, such as system capacity maintenance and augmentations, operation and maintenance, and plant optimization. I am very proud of our e-STORAGE team for their continuous efforts in innovation and delivering to our customers the best-in-class energy storage solutions.”