{"id":1078,"date":"2022-10-28T16:24:48","date_gmt":"2022-10-28T07:24:48","guid":{"rendered":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/?p=1078"},"modified":"2022-10-28T16:24:48","modified_gmt":"2022-10-28T07:24:48","slug":"axium-infrastructure-and-canadian-solars-subsidiaries-recurrent-energy-and-csi-energy-storage-announce-operation-of-worlds-largest-single-phase-energy-storage-project","status":"publish","type":"post","link":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/2022\/1078.html","title":{"rendered":"AXIUM INFRASTRUCTURE AND CANADIAN SOLAR&#8217;S SUBSIDIARIES RECURRENT ENERGY AND CSI ENERGY STORAGE ANNOUNCE OPERATION OF WORLD&#8217;S LARGEST SINGLE PHASE ENERGY STORAGE PROJECT"},"content":{"rendered":"\n<p><em><strong>Crimson Storage is now providing flexible generation to the\u00a0California\u00a0grid and reliability benefits to\u00a0California\u00a0customers<\/strong><\/em><\/p>\n\n\n\n<div style=\"height:14px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>GUELPH, ON,&nbsp;Oct. 18, 2022&nbsp;\/PRNewswire\/ &#8212;&nbsp;Axium Infrastructure (&#8220;Axium&#8221;) and&nbsp;<a href=\"https:\/\/www.canadiansolar.com\/\" rel=\"noreferrer noopener\" target=\"_blank\">Canadian Solar Inc.<\/a>&#8216;s (&#8220;Canadian Solar&#8221;) (NASDAQ:&nbsp;CSIQ) subsidiaries Recurrent Energy and CSI Energy Storage, today announced that&nbsp;<a href=\"https:\/\/investors.canadiansolar.com\/news-releases\/news-release-details\/recurrent-energy-completes-majority-sale-14-gwh-energy-storage\" rel=\"noreferrer noopener\" target=\"_blank\">Crimson Storage<\/a>, a 350 MW \/ 1400 MWh standalone energy storage project, is now in operation and providing flexible capacity to the&nbsp;California&nbsp;grid. A fund managed by&nbsp;Axium Infrastructure US Inc.&nbsp;owns 80% of the project and Recurrent Energy, the project developer, retains 20% ownership. CSI Energy Storage was the turnkey system integrator of the project, delivering the engineering, procurement and construction (&#8220;EPC&#8221;) services and will provide long-term operational services for the project.<\/p>\n\n\n\n<div style=\"height:38px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<figure class=\"wp-block-embed aligncenter is-type-rich is-provider-\u57cb\u3081\u8fbc\u307f\u30cf\u30f3\u30c9\u30e9\u30fc wp-block-embed-\u57cb\u3081\u8fbc\u307f\u30cf\u30f3\u30c9\u30e9\u30fc wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Crimson Energy Storage Project\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/vOdtYLQSm-8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>Crimson Storage is the largest battery storage project in the world to reach operation in a single phase, and it is the second largest energy storage project currently operating. Sited\u00a0on public lands in\u00a0Riverside County, California, the project holds two long-term energy storage contracts with\u00a0California&#8217;s\u00a0largest utilities, Southern California Edison (&#8220;SCE&#8221;) and Pacific Gas and Electric Company (&#8220;PG&amp;E&#8221;). Both contracts are part of reliability procurements directed by the\u00a0California Public Utilities Commission\u00a0(&#8220;CPUC&#8221;).<\/p>\n\n\n\n<div style=\"height:13px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Southern California Edison<\/strong>: 200 MW \/ 800 MWh 14 year and 10-month contract with Southern California Edison under a full tolling agreement, and<\/li><li><strong>Pacific Gas and Electric Company<\/strong>: 150 MW \/ 600 MWh 15-year contract with Pacific Gas and Electric Company for Resource Adequacy only; Recurrent Energy and Axium will operate the battery system in the California&nbsp;wholesale power market<\/li><\/ul>\n\n\n\n<div style=\"height:17px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter is-resized\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/investors.canadiansolar.com\/system\/files-encrypted\/nasdaq_kms\/inline-images\/Full%20Size--2%20%282%29.jpg\" alt=\"Release Image\" width=\"495\" height=\"354\"\/><\/figure><\/div>\n\n\n<p><strong>Recurrent Energy<\/strong>&nbsp;is a leading developer in the energy storage market. The company has commercialized 2.9 GWh of energy storage projects that are in construction or operation, including&nbsp;<a href=\"https:\/\/recurrentenergy.com\/canadian-solar-subsidiary-recurrent-energy-completes-sale-and-breaks-ground-on-the-slate-project-expected-to-be-one-of-the-largest-pv-battery-storage-projects-in-the-u-s\/\" rel=\"noreferrer noopener\" target=\"_blank\">Slate Solar&nbsp;+ Storage<\/a>, and has an additional pipeline of 15 GWh of energy storage projects under early to mid-stage development.<\/p>\n\n\n\n<div style=\"height:15px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Canadian Solar&#8217;s\u00a0majority-owned subsidiary,\u00a0<strong>CSI Energy Storage<\/strong>\u00a0(part of\u00a0CSI Solar), provided the turnkey solutions for Crimson Storage and is now providing the long-term operational services for the project.<\/p>\n\n\n\n<div style=\"height:12px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>California\u00a0Governor\u00a0Gavin Newsom\u00a0said<\/strong>, &#8220;The Crimson Energy Storage project epitomizes\u00a0California\u00a0leadership \u2013 clean energy, innovation, and economic development through good, union jobs. We&#8217;ve been laser focused on quickly bringing projects like this online to achieve our goal of a 100% clean energy grid. Congratulations to the people across the public and private sectors who are responsible for bringing this major project online to the benefit of all Californians.&#8221;<\/p>\n\n\n\n<div style=\"height:12px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>Congressman\u00a0Raul Ruiz, M.D.<\/strong>,\u00a0said, &#8220;In California&#8217;s 36<sup>th<\/sup>\u00a0District, we are national trailblazers in renewable energy development. With Recurrent Energy&#8217;s Crimson Storage project here in\u00a0Blythe, we will cement our leadership and create even more good-paying clean energy jobs. This project builds on the progress we&#8217;re making locally to build our clean energy future, and I will continue working to strengthen our local economy, ensure good-paying union jobs, and achieve our nation&#8217;s energy independence to help our communities thrive.&#8221;\u00a0\u00a0<\/p>\n\n\n\n<div style=\"height:12px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Crimson Storage will enable\u00a0California\u00a0customers to obtain more carbon-free energy and will ensure grid reliability during times of peak demand. On average, Crimson Storage will store and dispatch enough electricity to power more than 47,000 homes each year and will displace as much as 275,000 tons of carbon dioxide emissions and 47 tons of nitrogen oxides emissions annually, compared to generation by natural gas fired turbines. The carbon dioxide emissions reductions as a result of the projects are the equivalent of taking more than 53,000 cars off the road.<\/p>\n\n\n\n<div style=\"height:12px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>California Energy Commission Chair\u00a0David Hochschild<\/strong>\u00a0said, &#8220;Energy storage is an essential building block that supports our transition away from fossil fuels and the Crimson project represents a major milestone in the development of this essential clean energy resource.&#8221;<\/p>\n\n\n\n<div style=\"height:12px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>JC Sandberg, Interim CEO,\u00a0American Clean Power,\u00a0<\/strong>added, &#8220;Californians recognize how important it is to accelerate deployment of clean energy\u2014and build new storage facilities that allow communities to bring these resources online when they&#8217;re most needed.\u00a0California&#8217;s\u00a0clean energy industry is demonstrating its ability every day to achieve these goals at scale, and there&#8217;s no doubt the state&#8217;s electric system will be stronger, cleaner, and more reliable as a result of this project.&#8221;\u00a0<\/p>\n\n\n\n<div style=\"height:12px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>Crimson Storage is sited in the\u00a0California\u00a0desert on public lands about 13 miles west of\u00a0Blythe, in\u00a0Riverside County, California. In\u00a0May 2021, the\u00a0Bureau of Land Management\u00a0(BLM) granted final approval of the project, making it the first standalone energy storage project to receive approval to site on BLM lands under the\u00a0Biden-Harris Administration.<\/p>\n\n\n\n<div style=\"height:12px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>BLM California State Director\u00a0Karen E. Mouritsen<\/strong>, said, &#8220;Crimson Storage is the first\u00a0standalone\u00a0energy storage project to be approved on BLM lands under the\u00a0Biden-Harris Administration. The project\u00a0represents another major step forward in the Biden-Harris administration&#8217;s\u00a0goal of a carbon pollution-free power sector by 2035. We look forward to supporting additional projects like Crimson Storage that ensure responsible energy development on BLM lands.&#8221;\u00a0<\/p>\n\n\n\n<div style=\"height:12px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>During construction, Crimson Storage employed approximately 140 union workers, including the\u00a0International Brotherhood of Electrical Workers,\u00a0International Union of Operating Engineers, Laborer&#8217;s\u00a0International Union of North America, and the\u00a0International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers Union. The\u00a0project is expected to add\u00a0$30 million\u00a0in property tax revenue to the local community throughout its operation.<\/p>\n\n\n\n<div style=\"height:12px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>Thierry Vandal, President of Axium,\u00a0<\/strong>said, &#8220;Axium is thrilled for the Crimson project to begin operations and support\u00a0California&#8217;s\u00a0continuing renewable energy transition. The project is the second largest operating battery storage facility in the world and is providing reliability and flexible generation to the\u00a0California\u00a0electric grid. Projects such as Crimson are critical in facilitating the energy transition and we are pleased to have partnered with Recurrent and\u00a0Canadian Solar\u00a0on this landmark project.&#8221;<\/p>\n\n\n\n<div style=\"height:12px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong><a rel=\"noreferrer noopener\" href=\"https:\/\/www.linkedin.com\/in\/shawnqu\/\" target=\"_blank\">Dr.\u00a0Shawn Qu<\/a>, Chairman and CEO of\u00a0Canadian Solar<\/strong>, said, &#8220;Crimson Storage is now the largest single phase energy storage project to reach commercial operation in the world and the second largest operating standalone energy storage projects in the world. Recurrent Energy began developing Crimson Storage and our larger energy storage pipeline in 2015 when no large-scale storage projects yet existed. Last year, we started bringing these projects to fruition also thanks to our CSI Energy Storage team. Today we celebrate how far we have come in delivering the much-needed flexible generation that will support the\u00a0U.S.\u00a0and\u00a0California&#8217;s\u00a0transformative climate goals. We thank the\u00a0California Public Utilities Commission, the\u00a0U.S. Department of the Interior\u00a0and our partners at Axium Infrastructure for their critical contributions to this project.&#8221;\u00a0<\/p>\n\n\n\n<div style=\"height:12px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>About Axium Infrastructure<\/strong><br>Axium Infrastructure (comprised of&nbsp;Axium Infrastructure Inc.&nbsp;and its affiliated entities) is an independent portfolio management firm dedicated to generating long-term investment returns through investing in core infrastructure assets. Axium Infrastructure had over&nbsp;C$9 billion&nbsp;in assets under management as of&nbsp;June 30, 2022, as well as&nbsp;C$1.7 billion&nbsp;in co-investments. The firm benefits from the capabilities of a group of specialists with decades of experience acquiring, developing, financing, operating and managing infrastructure assets. Focus is placed on assets that are supported by robust market demand and under long-term contract with creditworthy counterparties. Since 2010, the firm has invested in a diversified portfolio of over 250 North American infrastructure assets. For further information, including information about other infrastructure assets the firm has invested in, please visit&nbsp;<a href=\"http:\/\/www.axiuminfra.com\/\">www.axiuminfra.com<\/a>. This release is for informational purposes only and does not constitute an offer or solicitation to buy securities of any entity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crimson Storage is now providing flexible generation to the\u00a0California\u00a0grid and reliability benefits to\u00a0Califo [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1078","post","type-post","status-publish","format-standard","hentry","category-releases"],"_links":{"self":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/1078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/comments?post=1078"}],"version-history":[{"count":23,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/1078\/revisions"}],"predecessor-version":[{"id":1103,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/1078\/revisions\/1103"}],"wp:attachment":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/media?parent=1078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/categories?post=1078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/tags?post=1078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}