UBS Asset Management‘s Actual Property & Personal Markets enterprise in North America has chosen Canadian Solar Inc.‘s CSI Vitality Storage, which is a part of its majority-owned subsidiary CSI Photo voltaic Co. Ltd., to offer as much as 2.6 GWh of battery options for the build-out of vitality storage tasks.
The battery options supplied by CSI Vitality Storage are central to UBS Asset Administration’s vitality storage funding technique and a part of the strategic enlargement of its infrastructure enterprise within the U.S. The multi-year settlement will help the continued enlargement of its vitality storage tasks pipeline in North America. The tasks are scheduled to succeed in business operation in 2024 and 2025.
“Batteries with utility-scale software are a essential element for the vitality transition,” says Mark Saunders, co-head of vitality storage infrastructure at UBS Asset Administration. “We’re happy to have the ability to companion with a best-in-class supplier to allow us to quickly scale up our vitality storage options and sit up for working alongside CSI Vitality Storage to ship advantages to all of our stakeholders.”
The vitality storage tasks coated within the settlement will make the most of CSI Vitality Storage’s SolBank, a proprietary battery vitality storage resolution designed and manufactured for utility-scale functions. CSI Vitality Storage can even present full commissioning and integration providers for the tasks, along with long-term operations and upkeep, warranties and efficiency ensures.
“We’re happy to help UBS within the execution of their giant vitality storage pipeline all through North America,” states Dr. Shawn Qu, chairman and CEO of Canadian Photo voltaic. “Our proprietary battery storage product SolBank presents best-in-market product security and price competitiveness and our settlement with UBS demonstrates our potential to draw top-tier traders and supply battery vitality storage options at scale and on a timeline that our clients require. Vitality storage is essential to the reliability of a quickly decarbonizing electrical grid, and we are going to proceed to companion with clients like UBS to make a distinction within the vitality transition.”