Canadian Solar Inc. (CSIQ) to Unveil New Battery Storage Solution

Canadian Solar Inc. (NASDAQ:CSIQ) is one of the best wind power and solar stocks to buy according to analysts. On September 4, the company confirmed that its subsidiary, e-STORAGE, is poised to unveil FlexBank 1.0, a modular battery system designed for utility-scale energy storage applications.

Designed to deliver 8.36 MWh, the battery system features an open frame architecture that simplifies logistics and installation. It’s also built on 314Ah Lithium-Iron-Phosphate cell technology, incorporating multiple safety features.

“FlexBank 1.0 is the strategic evolution of our utility-scale energy storage platform, engineered to address our customers’ critical needs for safe, adaptable, and cost-effective solutions,” said Colin Parkin, President of e-STORAGE, in the press release.

The unveiling of FlexBank comes on the heels of Canadian Solar delivering nearly 165 GW of solar photovoltaic modules globally since its inception in 2001. As of the end of June, the company had shipped 13 GWh of battery storage solutions.

Canadian Solar Inc. (NASDAQ:CSIQ) specializes in developing and manufacturing solar energy and battery energy storage solutions. It manufactures solar photovoltaic (PV) modules, provides solar energy solutions for residential, commercial, and utility-scale applications, and develops, owns, and operates utility-scale solar power and battery energy storage projects through its subsidiaries.

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Disclosure: None. This article is originally published at Insider Monkey.