Canadian Solar energy storage module. Credit: Canadian Solar
CSI Energy Storage said it will provide up to 2.6 GWh of battery energy storage capacity for the build-out of energy storage projects managed by UBS Asset Management’s Real Estate Private Markets business in North America.
The projects are scheduled to reach commercial operation in 2024 and 2025.
In July, UBS Asset Management acquired five standalone, development-stage energy storage projects in Texas from Black Mountain Energy Storage. The storage assets will provide ancillary services to support the Texas grid’s operation.
The energy storage projects will use CSI Energy Storage’s SolBank technology. CSI Energy Storage will also provide commissioning and integration services, in addition to long-term operations and maintenance, warranties and performance guarantees.
Introduced in September, SolBank is a lithium iron phosphate (LiFePO4) chemistry-based battery enclosure with up to 2,800 kWh of energy capacity. It includes liquid cooling and humidity control, and active balancing battery management system technologies.
The battery is produced in Jiangsu Province in China. The current annual battery manufacturing output capacity is 2.5 GWh and is expected to reach 10 GWh by the end of 2023.
CSI Energy Storage has deployed more than 2.4 GWh of battery energy storage capacity to in the United States, Canada, the United Kingdom, and China.
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