Canadian Solar unit wins 426 MWh battery storage deal in Florida

Canadian Solar Inc. (NASDAQ: CSIQ) announced that its energy storage subsidiary, e-STORAGE, has signed a supply agreement with an unnamed Florida electric utility to deliver a 95 MW/426 MWh battery energy storage system (BESS).

Under the agreement, e-STORAGE will supply its SolBank 3.0 battery packs, which use lithium-ion phosphate cells manufactured at Canadian Solar's facilities. The integrated solution will also include power conversion systems and an energy management system.

Battery installation is planned for the second half of 2027, with commercial operation targeted for early 2028. Once operational, the system will dispatch stored energy during peak demand periods.

Jeff Roy, President of e-STORAGE, said: "Florida is one of the fastest-growing storage markets in the U.S., and we're glad to support our customer with capacity at this scale."

The project represents e-STORAGE's first entry into the Florida market. Canadian Solar, headquartered in Kitchener, Ontario, reported that e-STORAGE had shipped over 20 GWh of battery energy storage solutions globally as of March 31, 2026, and held a $3.5 billion contracted backlog as of May 8, 2026.

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