EP Cube Lite is a more affordably priced version of EP Cube
that will significantly improve the financial benefits for American
households installing integrated solar and battery storage
systems
LAS
VEGAS, Sept. 12, 2023 /PRNewswire/ -- Canadian
Solar Inc. (the "Company" or "Canadian Solar") (NASDAQ: CSIQ) today
launched the EP Cube Lite, a new grid-tied energy storage solution,
in the North American market at RE+ in Las Vegas, Nevada, expanding the successful EP
Cube residential energy storage line. The lower-cost EP Cube Lite
makes energy storage accessible to more homeowners. The system can
easily be expanded later to a fully featured EP Cube, providing
backup power and additional features such as EV charging using the
Smart Gateway.
Canadian Solar will host an exclusive EP Cube Lite launch event
at 3:30 p.m. on September 12 on the show floor, Booth 2516, where
there will be a short presentation and Q&A, followed by food,
drinks, and music. The event will also be live streamed on
Canadian Solar's Instagram account.
The new EP Cube Lite is a compact and efficient grid-tied energy
storage solution. It allows homeowners to lower their electric
bills, by shifting use of lower-cost daytime energy to be used in
the evening when rates are typically higher. EP
Cube Lite is scalable and customizable from 6.6 kWh to
19.9 kWh capacities and compatible with most existing PV systems,
allowing homeowners to right-size their energy storage to their
needs.
EP Cube Lite features an integrated hybrid inverter with
stackable, easy-to-install storage modules. Each component
weighs about 70 lbs., which allows one or two team members to
complete the installation in about 20 minutes and reduces costs for
both installers and homeowners. With a sleek design and
aesthetically pleasing features, it matches and integrates
beautifully with various home styles.
Dr. Shawn Qu, Chairman
and CEO of Canadian Solar, commented "We are excited to
launch EP Cube Lite in North
America. This is an important step in offering our
customers new approaches to maximize their energy usage
efficiency and minimize their electric bills. EP Cube Lite will
encourage more people to use clean energy, enhancing
their greener lifestyle, and helping create a more sustainable
world."
Andy Yin, General Manager of
Eternalplanet, an independent energy storage brand under
Canadian Solar, commented, "EP Cube Lite gives homeowners a new
grid-tied energy storage solution optimized for time-of-use cost
saving. The new EP Cube Lite expands the EP Cube product line,
giving customers options to manage energy the way they want – for
grid stability or time-of-use."
Eternalplanet recently has been shortlisted for
the 2023 Energy Storage Awards as "Start-up of the Year" and
EP Cube Lite's debut witnesses Canadian Solar and Eternalplanet's
commitment to a more eco-friendly future. For more information on
EP Cube Lite, please visit www.epcube.com.
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 22 years, Canadian Solar has
successfully delivered over 102 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 9 GWp of solar power
projects and over 3 GWh of battery storage projects across the
world. Currently, the Company has approximately 700 MWp of solar
power projects in operation, 8 GWp of projects under construction
or in backlog (late-stage), and an additional 17 GWp of projects in
advanced and early-stage pipeline. In addition, the Company has a
total battery storage project development pipeline of 52 GWh,
including approximately 2 GWh under construction or in backlog, and
an additional 50 GWh at advanced and early-stage development.
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 Europe;
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 18, 2023.
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. INVESTOR RELATIONS CONTACTS
Isabel Zhang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com
David Pasquale
Global IR Partners
+1 914-337-8801
csiq@globalirpartners.com
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SOURCE Canadian Solar Inc.