GUELPH,
ON, June 18, 2024 /PRNewswire/
-- Canadian Solar Inc. (the "Company" or "Canadian
Solar") (NASDAQ: CSIQ) today announced that it will present the new
three-phase EP Cube and EP Cube Twin Peak at Intersolar in
Munich, Germany, on June 19-21, 2024. This expansion of the
successful EP Cube residential energy storage line aims to enhance
home storage adoption across Europe, accommodating diverse residential
requirements.
The three-phase EP Cube, offering a maximum output power of 12
kVa, ensures continuous operation of high-power electrical
appliances even during grid outages. With the addition of the EP
Cube Twin Peak, the EP Cube line provides scalable and customizable
options, ranging from 10 kWh to 60 kWh capacities, compatible with
both retrofit and newly installed PV systems. This flexibility
allows homeowners to tailor their energy storage to their exact
needs. Equipped with a hybrid inverter, the EP Cube supports
high-spec solar panels with a maximum of 24 kWp and up to 4 MPPT
inputs, achieving higher efficiency in solar energy storage.
EP Cube is committed to safety, using lithium-iron-phosphate
(LFP) batteries with excellent thermal and chemical stability. The
battery system has successfully passed IEC certification and is
housed in an IP67-rated enclosure. At Canadian Solar's exhibit,
visitors can experience a coffee brewing demonstration powered by
an EP Cube submerged in approximately two feet of water, showcasing
the EP Cube's superior performance under extreme conditions. This
set-up represents the EP Cube's wet soaking test and is not
indicative of standard installation practices.
Numerous EP Cube installations have already been completed in
Europe, and the EP Cube is now
available to customers in Germany,
Spain, Italy, and the UK through Canadian Solar's
trusted network of distributors.
EP Cube is developed and produced by Eternalplanet, a
consumer-oriented independent brand of energy technology under
Canadian Solar's CSI Solar subsidiary.
Visit Canadian Solar's booth A2.380 to explore the EP Cube home
energy storage system and Canadian Solar's comprehensive range of
photovoltaic applications, including solar modules, inverters, and
storage solutions for Residential, Commercial & Industrial
(C&I), and Utility applications.
About Canadian Solar
Canadian Solar was founded in
2001 in Canada and is one of the
world's largest solar technology and renewable energy companies. It
is a leading manufacturer of solar photovoltaic modules, provider
of solar energy and battery energy storage solutions, and developer
of utility-scale solar power and battery energy storage projects
with a geographically diversified pipeline in various stages of
development. Over the past 23 years, Canadian Solar has
successfully delivered over 125 GW of premium-quality, solar
photovoltaic modules to customers across the world. Likewise, since
entering the project development business in 2010, Canadian Solar
has developed, built, and connected over 10 GWp of solar power
projects and 3.3 GWh of battery energy storage projects across the
world. Currently, the Company has over 1.2 GWp of solar power
projects in operation, 6.5 GWp of projects under construction or in
backlog (late-stage), and an additional 19.8 GWp of projects in
advanced and early-stage pipeline. In addition, the Company has 600
MWh of battery energy storage projects in operation and a total
battery energy storage project development pipeline of around 56
GWh, including approximately 4.3 GWh under construction or in
backlog, and an additional 51.6 GWh at advanced and early-stage
development. Canadian Solar is one of the most bankable companies
in the solar and renewable energy industry, having been publicly
listed on the NASDAQ since 2006. For additional information
about the Company, follow Canadian Solar on LinkedIn or
visit www.canadiansolar.com.
Safe Harbor/Forward-Looking Statements
Certain statements in this press release are forward-looking
statements that involve a number of risks and uncertainties that
could cause actual results to differ materially. These statements
are made under the "Safe Harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. In some cases, you can
identify forward-looking statements by such terms as "believes,"
"expects," "anticipates," "intends," "estimates," the negative of
these terms, or other comparable terminology. Factors that could
cause actual results to differ include general business, regulatory
and economic conditions and the state of the solar and battery
storage market and industry; geopolitical tensions and conflicts,
including impasses, sanctions and export controls; volatility,
uncertainty, delays and disruptions related to the COVID-19
pandemic; supply chain disruptions; governmental support for the
deployment of solar power; future available supplies of high-purity
silicon; demand for end-use products by consumers and inventory
levels of such products in the supply chain; changes in demand from
significant customers; changes in demand from major markets, such
as Japan, the U.S., China, Brazil
and Europe; changes in effective
tax rates; changes in customer order patterns; changes in product
mix; changes in corporate responsibility, especially environmental,
social and governance ("ESG") requirements; capacity utilization;
level of competition; pricing pressure and declines in or failure
to timely adjust average selling prices; delays in new product
introduction; delays in utility-scale project approval process;
delays in utility-scale project construction; delays in the
completion of project sales; continued success in technological
innovations and delivery of products with the features that
customers demand; shortage in supply of materials or capacity
requirements; availability of financing; exchange and inflation
rate fluctuations; litigation and other risks as described in
Canadian Solar's filings with the Securities and Exchange
Commission, including its annual report on Form 20-F filed on
April 26, 2024. Although Canadian
Solar and Recurrent Energy believe that the expectations reflected
in the forward-looking statements are reasonable, it cannot
guarantee future results, level of activity, performance, or
achievements. Investors should not place undue reliance on these
forward-looking statements. All information provided in this press
release is as of today's date, unless otherwise stated, and
Canadian Solar and Recurrent Energy undertake no duty to update
such information, except as required under applicable law.
Canadian Solar Inc. Investor Relations
Contact
Wina Huang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com
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SOURCE Canadian Solar Inc.