Over Next Five Years, Why Revenues for Solar Farm Developers Industry Are Expected To Steadily Rise - Seite 4

Canadian Solar Inc. (NASDAQ: CSIQ) recently announced that its majority-owned subsidiary, CSI Solar Co., Ltd. ("CSI Solar") has closed a 350 MW / 1400 MWh contract to provide the fully-integrated battery storage system, EPC (engineering, procurement and construction) and long term maintenance service to the Crimson stand-alone battery storage project in Riverside County, California.

The Crimson storage project is 80% owned by Canadian Solar's wholly-owned subsidiary. Crimson holds two approximately 15-year stand-alone storage contracts with local utilities Southern California Edison ("SCE") and Pacific Gas and Electric ("PG&E"), which are part of the California Public Utilities Commission's ("CPUC") reliability procurements.

Enphase Energy, Inc. (NASDAQ: ENPH), a global energy management technology company and the world's leading supplier of microinverter-based solar-plus-storage systems, announced recently that it has renewed its partnership with GRID Alternatives, a national nonprofit providing access to clean, affordable, renewable energy, transportation, and jobs to economic and environmental justice communities.

Enphase will continue donating its industry-leading microinverter technology as part of the partnership to help GRID achieve its mission of accelerating a rapid, equitable transition to a world powered by renewable energy. Enphase technology is already powering more than 8,000 homes in low-income communities and communities of color through GRID Alternatives' ongoing programs. These homes will see an estimated lifetime savings of more than $220 million and help prevent nearly 450,000 tons of greenhouse gas emissions.

"We're pleased to continue our partnership with GRID Alternatives in support of our mission to advance a sustainable future for all," said Badri Kothandaraman, President and CEO of Enphase Energy. "As we transition to a new energy future, it's our shared responsibility to ensure everyone can participate and no community is left behind."

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