{"id":795,"date":"2021-08-17T15:30:48","date_gmt":"2021-08-17T06:30:48","guid":{"rendered":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/?p=795"},"modified":"2021-08-17T15:30:48","modified_gmt":"2021-08-17T06:30:48","slug":"recurrent-energy-signs-600-mwh-long-term-energy-storage-agreement-with-pacific-gas-electric","status":"publish","type":"post","link":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/2021\/795.html","title":{"rendered":"RECURRENT ENERGY SIGNS 600 MWH LONG-TERM ENERGY STORAGE AGREEMENT WITH PACIFIC GAS & ELECTRIC"},"content":{"rendered":"

Recurrent Energy’s Largest Stand-Alone Energy Storage Contract to Date<\/strong><\/p>\n

\n

GUELPH, ON,\u00a0Aug. 10, 2021\u00a0\/PRNewswire\/ —\u00a0Recurrent Energy, LLC<\/a><\/span>\u00a0(“Recurrent Energy”), a wholly-owned subsidiary of\u00a0Canadian Solar Inc.<\/span><\/a>\u00a0(“Canadian Solar”) (NASDAQ: CSIQ), today announced it signed a 15-year Resource Adequacy agreement with Pacific Gas & Electric (“PG&E”) to provide 150 MW \/ 600 MWh of energy storage in phase 2 of the Crimson project beginning in the summer of 2022.<\/p>\n

 <\/p>\n

The 350 MW \/ 1,400 MWh Crimson project will be one of the largest battery energy storage projects in the world when it comes online beginning in summer 2022. Earlier this year, Southern California Edison awarded Recurrent Energy a long-term energy storage contract for 200 MW \/ 800 MWh for phase 1 of the Crimson project located in\u00a0Riverside County, California. Both contracts are stand-alone storage projects and are part of reliability procurements directed by the\u00a0California Public Utilities\u00a0Commission<\/span>\u00a0(“CPUC”). The newly signed agreement with PG&E is specifically in response to a\u00a0decision<\/a>\u00a0<\/span>by the CPUC in March for the\u00a0California\u00a0utilities to “take actions to prepare for potential extreme weather in the summers of 2021 and 2022.” This additional energy storage capacity further supports\u00a0Governor Newsom’s\u00a0recent emergency\u00a0proclamation<\/a>\u00a0<\/span>to expedite new clean energy projects in light of the ongoing extreme weather and climate crisis faced by the state.<\/p>\n

 <\/p>\n

Dr.\u00a0Shawn Qu,\u00a0Chairman and CEO of\u00a0Canadian Solar, said, “It is becoming increasingly important to be able to send energy to the grid during heatwaves and other peak demand events. We are pleased to help PG&E enhance grid reliability in\u00a0California\u00a0by providing critically needed resource adequacy capacity through our long-term battery storage solution. We are accelerating all our development processes to ensure we reach the target commercial operation date of summer 2022. We thank our partners for their trust and support, and look forward to providing more safe, reliable, affordable and clean battery storage solutions to the communities we serve.”<\/p>\n

 <\/p>\n

About Recurrent Energy (Canadian Solar Subsidiary)<\/h4>\n

Recurrent Energy is a leading utility-scale solar and storage project developer, delivering competitive, clean electricity to large energy buyers. Based in the U.S., Recurrent Energy is a wholly owned subsidiary of Canadian Solar Inc. and functions as Canadian Solar’s U.S. project development arm. Recurrent Energy has approximately 5 GW of solar and storage projects in development in the U.S. Additional details are available at www.recurrentenergy.com<\/a><\/span>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Recurrent Energy’s Largest Stand-Alone Energy Storage Contract to Date GUELPH, ON,\u00a0Aug. 10, 2021\u00a0\/PRNews […]<\/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-795","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\/795","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=795"}],"version-history":[{"count":4,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/795\/revisions"}],"predecessor-version":[{"id":799,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/posts\/795\/revisions\/799"}],"wp:attachment":[{"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/media?parent=795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/categories?post=795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadiansolar-energy.co.jp\/en\/news_release\/wp-json\/wp\/v2\/tags?post=795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}