Canadian Solar (NASDAQ: CSIQ)  subsidiary, e-STORAGE, has secured an EPC contract to supply a 98 MW/312 MWh Battery Energy Storage System (BESS) project in Chile, with construction set to begin in 2025.

e-STORAGE will integrate its SolBank 3.0 solution, managing all civil, mechanical, and electrical infrastructure. SolBank 3.0, featuring high-density LFP cells, advanced BMS, and liquid cooling, optimizes land use and costs while offering weather-resistant, durable performance in challenging climates.

Colin Parkin, President of e-STORAGE, stated "We are pleased to extend our energy storage expertise through the delivery of our first major project in Chile, supporting the government's ambitious goal of getting 70% of its electricity from renewable sources by 2050.”

Canadian Solar’s e-STORAGE offers proprietary battery energy storage solutions, comprehensive EPC services, and innovative solutions aimed at improving grid operations.

Shares of Canadian Solar trade on the NASDAQ under the ticker symbol CSIQ.