Canadian Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ:CSIQ) today announced that e-STORAGE, its energy storage solutions business, has entered into an agreement with Axpo subsidiary to deploy an 8 MW/40 MWh battery energy storage system (BESS) in southern Italy. This marks e-STORAGE's first project in Italy, a further step in its expansion across continental Europe.

Construction at Axpo's Rizziconi power plant in Calabria is scheduled to begin at the end of 2026, with grid connection and commercial operation expected in early 2028. The battery storage system will be installed at Axpo's existing combined-cycle gas power plant in Rizziconi, Calabria, leveraging its established grid interconnection to provide flexibility and balancing services.

Under the agreement, e-STORAGE will deliver a complete and integrated solution that combines SolBank 3.0 battery blocks, power conversion systems, and the company's proprietary EQ-S Energy Management System into a single coordinated system under one accountable partner. The battery cells and 5 MWh capacity SolBank 3.0 pack systems are developed and manufactured at Canadian Solar's own production facilities, providing customers with complete supply chain visibility. Today's announced installation marks the first milestone in a wider partnership between e-STORAGE and Axpo, with both firms planning to strengthen their collaboration in the years ahead.