GUELPH,
ON, Sept. 13, 2022 /PRNewswire/
-- Canadian Solar Inc. (the "Company" or "Canadian Solar")
(NASDAQ: CSIQ) today announced that its majority-owned
subsidiary CSI Solar Co., Ltd. ("CSI Solar") will launch the EP
Cube, a lightweight and sleek all-in-one residential energy storage
solution, at the RE+ trade show to be held on September 19-22, 2022, in Anaheim, California. The official launch will
be at 3pm PT on September 21.
Key features of the EP Cube include:
- Scalable and customizable from 9.9 kWh to 19.9-kWh
capacities.
- All-in-one design with hybrid inverter and stackable battery
modules, requiring minimal wall space.
- Lightweight and easy to install, featuring all-inclusive
components and self-configuration for fast commissioning.
- The EP Cube works with both new and retrofit, AC and DC-coupled
PV systems.
Dr. Shawn Qu, Chairman
and CEO of Canadian Solar commented, "We are pleased to
expand our clean energy offering into the residential energy
storage market by launching the EP Cube, leveraging our existing
partnerships and channels. The recently enacted Inflation Reduction
Act will help the U.S. market transition faster towards clean power
by increasing renewable energy accessibility through tax breaks and
rebates. The EP Cube is a perfect solution for homeowners to use
these incentives and invest in clean energy."
The EP Cube solution can be stacked for 9.9 kWh to 19.9 kWh
capacities. Up to six units can be connected in parallel to deliver
up to 119.9 kWh of storage and 45.6 kW output, which is more than
enough to fully power the average home with high-surge-current
appliances and AC units. The EP Cube's thin design, 6.25 inches at
the thinnest, requires minimal space and is fully compatible with
indoor or outdoor installation thanks to its NEMA 4X rated
resistance to dust and moisture.
Each EP Cube battery module weighs less than 70 pounds,
meaningfully lower than most residential storage devices that weigh
upwards of 300 pounds. This makes the EP Cube simpler to install
and less costly to transport, requiring a minimal installation team
to carry and install each unit. The EP Cube is also more
customizable to individual needs due to its modular approach. In
addition, the energy storage system incorporates the Smart Gateway,
an intelligent technology platform that enables automatic and
seamless energy transfers for on- or off-grid use without user
disruption.
The EP Cube is highly customizable and was designed with both
homeowners' and installers' diverse needs in mind. Homeowners no
longer have to pick and choose what to power, as the full home can
be powered with the EP Cube. Installers can efficiently install the
full unit, ultimately driving growth and cost savings.
Canadian Solar is also releasing an app to help homeowners
manage their energy storage systems. The EP Cube app will allow for
easy, real-time monitoring of energy production and consumption.
Homeowners will have access to home energy management and
over-the-air (OTA) software update services. Installers use the app
to set up and troubleshoot systems.
Canadian Solar will be debuting and exhibiting the EP Cube at
RE+ booth #2204 in Anaheim,
California, in September 19-22.
About Canadian Solar Inc. 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 storage solutions,
and developer of utility-scale solar power and battery storage
projects with a geographically diversified pipeline in various
stages of development. Over the past 21 years, Canadian Solar has
successfully delivered around 76 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 6.8 GWp in over 20
countries across the world. Currently, the Company has around 311
MWp of solar projects in operation, 5.3 GWp of projects under
construction or in backlog (late-stage), and an additional 21 GWp
of projects in pipeline (mid- to early-stage). 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 India; 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; uncertainties related to the CSI Solar carve-out
listing; litigation and other risks as described in the Company's
filings with the Securities and Exchange Commission, including its
annual report on Form 20-F filed on April
28, 2022. Although the Company believes 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 undertakes no duty to update
such information, except as required under applicable law.
Canadian Solar Inc.
Contacts
|
|
Isabel Zhang
|
David
Pasquale
|
Investor
Relations
|
Global IR
Partners
|
Canadian Solar
Inc.
|
csiq@globalirpartners.com
|
investor@canadiansolar.com
|
Tel:
+1-914-337-8801
|
View original
content:https://www.prnewswire.com/news-releases/canadian-solars-subsidiary-csi-solar-releases-the-ep-cube-residential-energy-storage-solution-to-power-entire-homes-and-provide-complete-power-management-control-301622705.html
SOURCE Canadian Solar Inc.