OCTOBER 18, 2022 – AXIUM INFRASTRUCTURE AND CANADIAN SOLAR’S SUBSIDIARIES RECURRENT ENERGY AND CSI ENERGY STORAGE ANNOUNCE OPERATION OF WORLD’S LARGEST SINGLE PHASE ENERGY STORAGE PROJECT
GUELPH, Ontario – 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.