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Axium Infrastructure and Canadian Solar's Subsidiaries Recurrent Energy and CSI Energy Storage Announce Operation of World's Largest Single Phase Energy Storage Project
Crimson Storage is now providing flexible generation to the California grid and reliability benefits to California customers GUELPH, ON, Oct. 18, 2022
About this update from Canadian Solar Inc.
[{"type":"text","content":"Crimson Storage is now providing flexible generation to the California grid and reliability benefits to California customers\nGUELPH, ON, Oct. 18, 2022 /PRNewswire/ -- Axium Infrastructure (\"Axium\") and Canadian Solar Inc.'s (\"Canadian Solar\") (NASDAQ: CSIQ) subsidiaries Recurrent Energy and CSI Energy Storage, today announced that Crimson Storage, a 350 MW / 1400 MWh standalone energy storage project, is now in operation and providing flexible capacity to the California grid. A fund managed by Axium Infrastructure US Inc. owns 80% of the project and Recurrent Energy, the project developer, retains 20% ownership. CSI Energy Storage was the turnkey system integrator of the project, delivering the engineering, procurement and construction (\"EPC\") services and will provide long-term operational services for the project.\n \nCrimson Storage is the largest battery storage project in the world to reach operation in a single phase, and it is the second largest energy storage project currently operating. Sited on public lands in Riverside County, California, the project holds two long-term energy storage contracts with California's largest utilities, Southern California Edison (\"SCE\") and Pacific Gas and Electric Company (\"PG&E\"). Both contracts are part of reliability procurements directed by the California Public Utilities Commission (\"CPUC\").\nSouthern California Edison: 200 MW / 800 MWh 14 year and 10-month contract with Southern California Edison under a full tolling agreement, andPacific Gas and Electric Company: 150 MW / 600 MWh 15-year contract with Pacific Gas and Electric Company for Resource Adequacy only; Recurrent Energy and Axium will operate the battery system in the California wholesale power market\nRecurrent Energy is a leading developer in the energy storage market. The company has commercialized 2.9 GWh of energy storage projects that are in construction or operation, including Slate Solar + Storage, and has an additional pipeline of 15 GWh of energy storage projects under early to mid-stage development.\nCanadian Solar's majority-owned subsidiary, CSI Energy Storage (part of CSI Solar), provided the turnkey solutions for Crimson Storage and is now providing the long-term operational services for the project. \nCalifornia Governor Gavin Newsom said, \"The Crimson Energy Storage project epitomizes Californ...