RTTNews | Sep 8, 2021 08:24AM EDT

08:23 Wednesday, September 8, 2021 (RTTNews.com) - Canadian Solar Inc. (CSIQ) said its unit, Recurrent Energy, sold an 80% stake in its 350 MW / 1400 MWh Crimson storage project to Axium Infrastructure. The Crimson storage project is Canadian Solar's first stand-alone storage project. It holds two energy storage contracts with local utilities.

Shawn Qu, CEO of Canadian Solar, said: "Through the Crimson storage project, we are collaborating with our partner Axium to help improve California's grid reliability and safety by providing critically-needed resource adequacy capacity to meet electricity demand in all scenarios. Once it reaches commercial operation, Crimson will be one of the largest battery energy storage projects in the world."

Read the original article on RTTNews ( https://www.rttnews.com/3224056/canadian-solar-recurrent-energy-sells-80-stake-in-350-mw-1400-mwh-crimson-storage-project.aspx)

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