The 4 MW project will provide an energy storage solution for ancillary services applications in Ontario by leveraging Canadian Solar's extensive project development expertise and success in the Canadian energy market. In addition, this project was one of twelve selected by IESO in a competitive application process that was completed in July 2014. Canadian Solar will be providing reactive power, voltage support and bulk energy storage services to the IESO using stationary lithium battery technology. Canadian Solar will provide operations and maintenance to IESO for a period of 36 months.
"We are pleased to have been selected by the IESO on their energy storage project within Ontario," said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc. "This marks a new milestone for Canadian Solar as we make further progress on our move forward from being a module manufacturer to becoming a total energy solution provider. We are now established as one of the industry's fastest growing companies, with one of the largest project pipelines, while expanding our business model by adding bulk energy on-grid battery storage to our portfolio. We look forward to working with IESO in the years ahead," said Dr. Shawn Qu, Chairman and Chief Executive Officer of Canadian Solar Inc.
