Canadian Solar unit to build 150 MW DC of BESS
A unit of Canadian Solar Inc (NASDAQ:CSIQ) has been selected to build three battery energy storage systems in the province of
Canadian Solar will invest an initial US$384 million into the lithium-ion battery cell and battery energy storage system (BESS) manufacturing factory at 140 Logistics Drive, Shelby County. The first phase investment will total 3GWh of annual production capacity although the company has not revealed if that is split between cells and BESS.
Canadian Solar will set up a BESS and cell plant in Kentucky, after the site was vacated by nickel-hydrogen battery firm EnerVenue.
Canadian Solar was founded in Canada and is listed on the Nasdaq Canada, but its manufacturing and majority of its management team are in China. The investment is being made through its e-Storage subsidiary which currently manufactures BESS in China for deployment largely (to-date) in North and South America, the UK and Australia.
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