#Canada #Canadian Solar #Kitchener #e-STORAGE #SolBank 3.0 Plus

Canadian Solar Unveils SolBank 3.0 Plus

On May 6, 2025, Canadian Solar Inc., a leading solar technology company, inaugurated its state-of-the-art battery energy storage product, the SolBank 3.0 Plus, at the renowned Intersolar Europe event held in Munich, Germany. This innovative solution is part of the company’s e-STORAGE division, intended for large-scale energy applications.

The SolBank 3.0 Plus signifies the latest advancement in the company's established SolBank battery solutions range. By leveraging improvements in the manufacturing processes of Lithium-Ion Phosphate (LFP) battery cells, the new product dramatically enhances performance. Key features include a 25-year lifespan, minimal battery degradation for the first four years, and an astonishing capacity for up to 12,000 cycles boasting a round-trip efficiency of 95%. Furthermore, this upgrade allows customers to witness a more than 13% boost in lifetime energy throughput, promising substantial operational cost reductions.

Leading Features of the SolBank 3.0 Plus

The SolBank 3.0 Plus comes equipped with several advanced features:

• - Aerospace-grade heat-resistant separators for improved safety and durability.
• - Enhanced electrical protection systems that drastically increase safety capabilities.
• - An optimized battery cooling design that reduces auxiliary load power consumption by up to 30% while ensuring a quieter operation compared to competing products.
• - Active balancing technology that operates at the cell level for optimized battery performance and health monitoring.

Colin Parkin, President of e-STORAGE, expressed his excitement regarding the launch, stating that the SolBank 3.0 Plus is adeptly crafted for seamless integration into e-STORAGE’s all-encompassing battery solutions. He emphasized that this innovative product reaffirms Canadian Solar’s commitment to delivering cutting-edge performance, safety, and operational efficiency that align with the ever-expanding requirements of utility-scale energy storage projects globally.

This new product rollout is not merely a milestone for e-STORAGE, but also a testament to Canadian Solar's enduring leadership in the renewable energy landscape, notably in energy storage technology. With an increasing demand for sustainable energy solutions worldwide, the SolBank 3.0 Plus is poised to play a critical role in meeting this global necessity.

The Intersolar Europe Showcase

From May 7 to 9, 2025, the SolBank 3.0 Plus is on display at Intersolar Europe, an influential platform for solar energy and innovative energy technologies. Attendees are encouraged to visit Canadian Solar's booth A2.380 to discover the full potential of this advanced energy storage solution and learn more about the company's groundbreaking advancements in solar technology.

About Canadian Solar Inc.

Founded in 2001 and headquartered in Kitchener, Ontario, Canadian Solar has emerged as a significant player in the solar technology arena. The company is renowned for the manufacturing of high-quality solar photovoltaic modules and as an operator of utility-scale solar power projects. To date, Canadian Solar has successfully delivered nearly 150 GW of solar photovoltaic modules worldwide. The company's subsidiary e-STORAGE has dispatched over 10 GWh of battery energy storage solutions globally, alongside an impressive contracting backlog worth US$3.2 billion.

As Canadian Solar continues to amplify its efforts in solar and renewable energy systems, the launch of SolBank 3.0 Plus marks another step towards a sustainable energy future, contributing to the energy transition needed to combat climate change.