{"id":1513,"date":"2024-09-04T11:53:48","date_gmt":"2024-09-04T02:53:48","guid":{"rendered":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/?p=1513"},"modified":"2024-09-04T11:53:48","modified_gmt":"2024-09-04T02:53:48","slug":"canadian-solars-e-storage-to-power-200-mwh-energy-storage-project-in-southeastern-australia","status":"publish","type":"post","link":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/2024\/1513.html","title":{"rendered":"Canadian Solar’s e-STORAGE to Power 200 MWh Energy Storage Project in Southeastern Australia"},"content":{"rendered":"\n

GUELPH, ON, Aug. 7, 2024 \/PRNewswire\/ — Canadian Solar Inc<\/a>. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced that e-STORAGE<\/a>, which is part of the Company’s majority-owned subsidiary CSI Solar Co., Ltd. (“CSI Solar”), has been awarded a turnkey EPC contract for 100 MW \/ 200 MWh energy storage solutions by Fotowatio Renewable Ventures (FRV) Australia for its Terang energy storage project in Victoria, Australia. FRV Australia, part of Jameel Energy and the Canadian infrastructure fund OMERS, is a leading developer of sustainable energy solutions.<\/p>\n\n\n\n

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e-STORAGE and FRV Australia have entered into an Energy Storage Supply Agreement and a Long-Term Service Agreement. Construction of the project is scheduled to commence in\u00a0August 2024.<\/p>\n\n\n\n

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e-STORAGE will deliver\u00a0SolBank 3.0<\/a>, its latest proprietary energy storage solution, for the Terang project. SolBank 3.0 provides over 5 MWh of capacity in a 20-ft container. Compared with the previous generation, SolBank 3.0 offers a 45% increase in capacity and a 12% reduction in the project layout space. In addition,\u00a0SolBank 3.0’s efficient cooling system can reduce auxiliary energy consumption by 30%. The system also includes a multi-level fire detector, alarm, and extinguishing\u00a0system\u00a0to mitigate thermal risks.<\/p>\n\n\n\n

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Located in Terang,\u00a0Victoria, the project will be FRV Australia’s first standalone energy storage project and\u00a0is expected to create many jobs\u00a0during both the construction and operational phases.\u00a0<\/p>\n\n\n\n

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Carlo Frigerio, CEO of FRV Australia<\/strong>, commented: “Building our first large-scale energy storage project is a major milestone for FRV Australia. This project strengthens our place in the renewable energy sector in\u00a0Australia. It paves the way for future business opportunities\u00a0and growth in our portfolio”.<\/p>\n\n\n\n

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Colin Parkin, President of e-STORAGE<\/strong>, added: “We really appreciate FRV Australia’s trust in e-STORAGE, having chosen us to build this 100 MW \/ 200 MWh energy storage system in Terang,\u00a0Australia. Leveraging our advanced SolBank 3.0 technology, this project not only bolsters the grid during peak demand, but also delivers substantial benefits to the local community. We look forward to working with FRV Australia in future”.<\/p>\n\n\n\n

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About e-STORAGE<\/strong><\/p>\n\n\n\n

e-STORAGE is a subsidiary\u00a0of\u00a0Canadian Solar\u00a0and a leading company specializing in designing, manufacturing, and integrating battery energy storage systems for utility-scale applications. e-STORAGE offers proprietary battery energy storage solutions, comprehensive EPC services, and innovative solutions aimed at improving grid operations. e-STORAGE has shipped close to 5.7 GWh DC of battery energy storage solutions to global markets, including\u00a0the United States,\u00a0Canada, the\u00a0United Kingdom, and\u00a0China\u00a0as of\u00a0March 2024. This significant accomplishment solidifies e-STORAGE’s position as a key player in the global energy storage integration industry. Currently, e-STORAGE operates two fully automated, state-of-the-art manufacturing facilities with an annual production capacity of 20 GWh energy storage solutions. For more info, please refer to the Media&PR section of\u00a0www.csestorage.com<\/a>\u00a0and follow the\u00a0LinkedIn<\/a>\u00a0page.<\/p>\n\n\n\n

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About FRV Australia<\/strong><\/p>\n\n\n\n

FRV was one of the first international solar developers to enter the Australian market and developed its first Australian solar PV project pipeline in 2011 opening the local solar market. FRV was also the first company to deliver a project-financed large-scale solar farm in\u00a0Australia\u00a0with the\u00a0Royalla Solar Farm\u00a0near\u00a0Canberra\u00a0operating since\u00a0August 2014. To date, the company has developed over 1 GW of PV assets built or under construction across 10 projects. The activities are based in\u00a0Sydney\u00a0and the company has a multidisciplinary team of over 80 employees. In\u00a0October 2021\u00a0FRV partnered with OMERS Infrastructure signing an agreement for the sale of 49% of FRV Australia. The partnership with a top tier investor such as OMERS is a strong signal of confidence in the high value of FRV’s portfolio of projects and pipeline and it will accelerate the growth plans for the company in\u00a0Australia. For more information, please visit:\u00a0frv.com<\/a>\u202f\u202f<\/p>\n\n\n\n

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About FRV\u202f\u202f<\/strong><\/p>\n\n\n\n

FRV, part of Jameel Energy, is a leading global renewable energy development company. In line with our ambition to continue leading the global transition to a more sustainable energy future, FRV has evolved from being just a developer to becoming an independent power producer.\u202f\u202fWe aim to be the world’s leading green energy and infrastructure platform. \u202fFor more information, please visit:\u202ffrv.com<\/a>\u202f\u202f\u202f\u202f<\/p>\n","protected":false},"excerpt":{"rendered":"

GUELPH, ON, Aug. 7, 2024 \/PRNewswire\/ — Canadian Solar Inc. (the “Company” or […]<\/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-1513","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\/1513","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=1513"}],"version-history":[{"count":3,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/1513\/revisions"}],"predecessor-version":[{"id":1516,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/1513\/revisions\/1516"}],"wp:attachment":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/media?parent=1513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/categories?post=1513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/tags?post=1513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}