{"id":1179,"date":"2023-03-02T15:00:00","date_gmt":"2023-03-02T06:00:00","guid":{"rendered":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/?p=1179"},"modified":"2023-03-01T19:39:09","modified_gmt":"2023-03-01T10:39:09","slug":"canadian-solars-csi-energy-storage-secures-487-mwh-battery-supply-agreement-with-blackstone-backed-aypa-power","status":"publish","type":"post","link":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/2023\/1179.html","title":{"rendered":"CANADIAN SOLAR’S CSI ENERGY STORAGE SECURES 487 MWH BATTERY SUPPLY AGREEMENT WITH BLACKSTONE-BACKED AYPA POWER"},"content":{"rendered":"\n

GUELPH, ON, Feb. 23, 2023 \/PRNewswire\/ — Canadian Solar Inc<\/a>. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced that CSI Energy Storage, which is part of its majority-owned subsidiary CSI Solar Co., Ltd. (“CSI Solar”), has been selected to provide 487 MWh of SolBank energy storage products to Aypa Power, a Blackstone portfolio company that develops, owns and operates utility-scale energy storage and hybrid renewable energy projects across North America.<\/p>\n\n\n\n

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The energy storage products provided by CSI Energy Storage will be used to support\u00a0Aypa Power’s\u00a0487 MWh standalone energy storage project in\u00a0Southern California. The standalone energy storage project is expected to be operational by the first half of 2024. The project will utilize CSI Energy Storage’s\u00a0SolBank, a proprietary battery energy storage solution designed and manufactured for utility-scale applications.\u00a0<\/p>\n\n\n\n

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“We are excited to work with the CSI Energy Storage team and look forward to expanding our partnership,” said\u00a0Moe Hajabed, CEO of\u00a0Aypa Power<\/strong>. “Our Cald project, located in urban\u00a0Los Angeles, will provide critical reliable capacity and support\u00a0California\u00a0as the state continues to make major progress towards its renewable goals.”<\/p>\n\n\n\n

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Since their first energy storage project came online in 2018,\u00a0Aypa Power\u00a0has been at the forefront of energy storage development. The company currently has more than 15 GW in development across\u00a0North America.<\/p>\n\n\n\n

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Dr.\u00a0Shawn Qu<\/a><\/u>, Chairman and CEO of\u00a0Canadian Solar,\u00a0<\/strong>commented,\u00a0“Aypa Power\u00a0has created a robust pipeline of energy storage projects that will help reliably transition the grid. CSI Energy Storage is delighted to provide SolBank battery energy storage solution to\u00a0Aypa Power’s\u00a0487 MWh standalone battery project in\u00a0Southern California. We look forward to supporting\u00a0Aypa Power’s\u00a0continued growth.”<\/p>\n\n\n\n

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In\u00a0September 2022, CSI Energy Storage launched\u00a0SolBank<\/a>, a proprietary designed and manufactured energy storage battery solution. At the same time, CSI Energy Storage also announced the expansion of its battery manufacturing capacity from the existing 2.5 GWh to 10 GWh by the end of 2023.<\/p>\n\n\n\n

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CSI Energy Storage has deployed around 2.3 GWh of battery energy storage solutions to date across\u00a0the United States,\u00a0Canada, the\u00a0United Kingdom, and\u00a0China. As of\u00a0January 31, 2023, CSI Energy Storage’s total pipeline has reached nearly 25 GWh. The Company offers end-to-end energy storage solutions and services, made possible by robust manufacturing capabilities and cutting-edge products such as the SolBank.<\/p>\n\n\n\n

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About\u00a0Aypa Power<\/h5>\n\n\n\n

Aypa Power is a Blackstone portfolio company that develops, owns, and operates utility-scale energy storage and hybrid renewable energy projects. As an independent power producer, Aypa was founded with the purpose of reducing reliance on fossil fuels and making a positive impact in the fight against climate change, while improving grid reliability and resiliency. Aypa has been at the forefront of energy storage development since their first energy storage project came online in 2018. The company currently has more than 15GW in development across North America. For more information, follow Aypa Power on LinkedIn<\/a> or visit www.aypa.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

GUELPH, ON, Feb. 23, 2023 \/PRNewswire\/ — Canadian Solar Inc. (the “Company” o […]<\/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-1179","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\/1179","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=1179"}],"version-history":[{"count":3,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/1179\/revisions"}],"predecessor-version":[{"id":1182,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/1179\/revisions\/1182"}],"wp:attachment":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/media?parent=1179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/categories?post=1179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/tags?post=1179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}