Canadian Solar: Canadian Solar’s Subsidiary CSI Solar Releases the EP Cube Residential Energy Storage Solution to Power Entire Homes and Provide Complete Power Management Control

Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced that its majority-owned subsidiary CSI Solar Co., Ltd. (“CSI Solar”) will launch the EP Cube, a lightweight and sleek all-in-one residential energy storage solution, at the RE+ trade show to be held on September 19-22, 2022, in Anaheim, California. The official launch will be at 3pm PT on September 21.

Key features of the EP Cube include:

Scalable and customizable from 9.9 kWh to 19.9-kWh capacities.
All-in-one design with hybrid inverter and stackable battery modules, requiring minimal wall space.
Lightweight and easy to install, featuring all-inclusive components and self-configuration for fast commissioning.
The EP Cube works with both new and retrofit, AC and DC-coupled PV systems.
Dr. Shawn Qu, Chairman and CEO of Canadian Solar commented, “We are pleased to expand our clean energy offering into the residential energy storage market by launching the EP Cube, leveraging our existing partnerships and channels. The recently enacted Inflation Reduction Act will help the U.S. market transition faster towards clean power by increasing renewable energy accessibility through tax breaks and rebates. The EP Cube is a perfect solution for homeowners to use these incentives and invest in clean energy.”

The EP Cube solution can be stacked for 9.9 kWh to 19.9 kWh capacities. Up to six units can be connected in parallel to deliver up to 119.9 kWh of storage and 45.6 kW output, which is more than enough to fully power the average home with high-surge-current appliances and AC units. The EP Cube’s thin design, 6.25 inches at the thinnest, requires minimal space and is fully compatible with indoor or outdoor installation thanks to its NEMA 4X rated resistance to dust and moisture.

Each EP Cube battery module weighs less than 70 pounds, meaningfully lower than most residential storage devices that weigh upwards of 300 pounds. This makes the EP Cube simpler to install and less costly to transport, requiring a minimal installation team to carry and install each unit. The EP Cube is also more customizable to individual needs due to its modular approach. In addition, the energy storage system incorporates the Smart Gateway, an intelligent technology platform that enables automatic and seamless energy transfers for on- or off-grid use without user disruption.

The EP Cube is highly customizable and was designed with both homeowners’ and installers’ diverse needs in mind. Homeowners no longer have to pick and choose what to power, as the full home can be powered with the EP Cube. Installers can efficiently install the full unit, ultimately driving growth and cost savings.

Canadian Solar is also releasing an app to help homeowners manage their energy storage systems. The EP Cube app will allow for easy, real-time monitoring of energy production and consumption. Homeowners will have access to home energy management and over-the-air (OTA) software update services. Installers use the app to set up and troubleshoot systems.

Canadian Solar will be debuting and exhibiting the EP Cube at RE+ booth #2204 in Anaheim, California, in September 19-22.