Canadian Solar's e-STORAGE Unit Secures Battery Deal for 20.7 MW Energy Project in Germany, Signs 20-Year Service Agreement for New Battery Storage Project in Lower Saxony

Author: Benzinga Newsdesk | November 12, 2025 07:09am

Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ) today announced that e-STORAGE, part of the Company's majority-owned subsidiary CSI Solar Co., Ltd. ("CSI Solar"), has signed a Battery Energy Storage System (BESS)  Supply Agreement for a 20.7 MW / 56 MWh DC energy storage project in Lower Saxony, Germany. The agreement also includes a 20-year Long-Term Service Agreement ("LTSA").

By delivering bankable technology and lifecycle services, e-STORAGE supports the build-out of flexible grid infrastructure that enables renewable integration and system stability in key European markets.

e-STORAGE will supply and commission an integrated BESS solution based on its proprietary SolBank technology platform. Shipments are scheduled to begin in March 2026, with commissioning targeted for later that year. The LTSA will provide long-term maintenance and performance services to ensure operational reliability throughout the project's lifespan.

The project was developed by Kyon Energy, which will also serve as the Engineering, Procurement, and Construction Management (EPC-M) contractor until commercial operation.

Posted In: CSIQ