Canadian Solar Inc. announced that e-STORAGE, a division of its majority-owned subsidiary CSI Solar Co., Ltd. (“CSI Solar”), has secured a turnkey EPC contract to provide 100 MW / 200 MWh energy storage solutions for Fotowatio Renewable Ventures (FRV) Australia’s Terang energy storage project in Victoria, Australia. FRV Australia, a leading sustainable energy developer, is part of Jameel Energy and the Canadian infrastructure fund OMERS.
Under an Energy Storage Supply Agreement and a Long-Term Service Agreement, e-STORAGE will supply SolBank 3.0, its latest proprietary energy storage solution, for the Terang project. The SolBank 3.0 offers over 5 MWh of capacity in a 20-foot container, featuring a 45% increase in capacity and a 12% reduction in project layout space compared to previous models. Additionally, its advanced cooling system reduces auxiliary energy consumption by 30%. The system also includes a multi-level fire detection, alarm, and extinguishing system to address thermal risks.
Construction on the Terang project is set to begin in August 2024. This will be FRV Australia’s first standalone energy storage project, and it is expected to generate significant employment opportunities during both construction and operation phases.
Carlo Frigerio, CEO of FRV Australia, commented: “Building our first large-scale energy storage project is a major milestone for FRV Australia. This project strengthens our place in the renewable energy sector in Australia. It paves the way for future business opportunities and growth in our portfolio”.
Colin Parkin, President of e-STORAGE, added: “We really appreciate FRV Australia’s trust in e-STORAGE, having chosen us to build this 100 MW / 200 MWh energy storage system in Terang, Australia. Leveraging our advanced SolBank 3.0 technology, this project not only bolsters the grid during peak demand, but also delivers substantial benefits to the local community. We look forward to working with FRV Australia in future”.
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