Canadian Solar Inc. (NASDAQ: CSIQ) announced that its energy storage subsidiary e-STORAGE has signed a supply agreement with a major U.S. utility for a 500MW/2,493 MWh battery energy storage system project designed to support data center grid infrastructure.

Under the agreement, e-STORAGE will supply approximately 500 SolBank 3.0 containers, with battery cells manufactured by Canadian Solar through its global manufacturing network. Shipments are scheduled to begin in March 2027 and complete by July 2027, according to the company's statement.

The project addresses increasing electricity demand driven by artificial intelligence and hyperscale data center development. The battery energy storage system is intended to strengthen regional grid capacity to support reliable power for these facilities.

"We are honored to support the grid as rapid data center growth drives new power needs," said Colin Parkin, President of Canadian Solar and President of e-STORAGE. "With our SolBank platform and proven delivery capabilities, we are well-positioned to provide dependable, on-time solutions that help utilities and developers keep pace with this new phase of power system growth."

Canadian Solar, founded in 2001 and headquartered in Kitchener, Ontario, operates as a solar technology and renewable energy company. Through e-STORAGE, the company has shipped over 16 GWh of battery energy storage solutions to global markets as of September 30, 2025, with a $3.1 billion contracted backlog as of October 31, 2025.

e-STORAGE operates manufacturing facilities with annual battery energy storage system capacity of 15 GWh and battery cell capacity of 3 GWh on a single-shift and double-shift basis, respectively.