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Investors - NOVEMBER 21, 2022

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CSI Energy Storage enters into 2.6GWh battery supply agreement with UBS AM

by Released

Canadian Solar announced that CSI Energy Storage, which is part of its majority-owned subsidiary CSI Solar Co. (CSI Solar), has been selected to provide up to 2.6 gigawatt hours of battery solutions for the build-out of energy-storage projects managed by UBS Asset Management’s Real Estate & Private Markets business in North America.

The battery solutions provided by CSI Energy Storage are central to UBS Asset Management’s energy storage investment strategy and part of the strategic expansion of its infrastructure business in the United States. The multi-year agreement will support the ongoing expansion of its energy storage projects pipeline in North America. The projects are scheduled to reach commercial operation in 2024 and 2025.

“Batteries with utility-scale application are a critical component for the energy transition. We’re plea

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