Canadian Solar Introduces EP Cube Lite, a New Grid-Tied Residential Energy Storage Solution at RE+ in Las Vegas
- EP Cube Lite provides cost-saving opportunities for homeowners and encourages the use of clean energy, enhancing a greener lifestyle. The affordability and scalability of the system make it accessible to a wider market. The quick installation process reduces costs for both installers and homeowners.
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EP Cube Lite is a more affordably priced version of EP Cube that will significantly improve the financial benefits for American households installing integrated solar and battery storage systems
Canadian Solar will host an exclusive EP Cube Lite launch event at 3:30 p.m. on September 12 on the show floor, Booth 2516, where there will be a short presentation and Q&A, followed by food, drinks, and music. The event will also be live streamed on Canadian Solar's Instagram account.
The new EP Cube Lite is a compact and efficient grid-tied energy storage solution. It allows homeowners to lower their electric bills, by shifting use of lower-cost daytime energy to be used in the evening when rates are typically higher. EP Cube Lite is scalable and customizable from 6.6 kWh to 19.9 kWh capacities and compatible with most existing PV systems, allowing homeowners to right-size their energy storage to their needs.
EP Cube Lite features an integrated hybrid inverter with stackable, easy-to-install storage modules. Each component weighs about 70 lbs., which allows one or two team members to complete the installation in about 20 minutes and reduces costs for both installers and homeowners. With a sleek design and aesthetically pleasing features, it matches and integrates beautifully with various home styles.
Dr. Shawn Qu, Chairman and CEO of Canadian Solar, commented "We are excited to launch EP Cube Lite in
Andy Yin, General Manager of Eternalplanet, an independent energy storage brand under Canadian Solar, commented, "EP Cube Lite gives homeowners a new grid-tied energy storage solution optimized for time-of-use cost saving. The new EP Cube Lite expands the EP Cube product line, giving customers options to manage energy the way they want – for grid stability or time-of-use."
Eternalplanet recently has been shortlisted for the 2023 Energy Storage Awards as "Start-up of the Year" and EP Cube Lite's debut witnesses Canadian Solar and Eternalplanet's commitment to a more eco-friendly future. For more information on EP Cube Lite, please visit www.epcube.com.
About Canadian Solar Inc.
Canadian Solar was founded in 2001 in
Safe Harbor/Forward-Looking Statements
Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "believes," "expects," "anticipates," "intends," "estimates," the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business, regulatory and economic conditions and the state of the solar and battery storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to the COVID-19 pandemic; supply chain disruptions; governmental support for the deployment of solar power; future available supplies of high-purity silicon; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets, such as Japan, the U.S., China, Brazil and Europe; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance ("ESG") requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; uncertainties related to the CSI Solar carve-out listing; litigation and other risks as described in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 18, 2023. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.
CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACTS
Isabel Zhang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com
David Pasquale
Global IR Partners
+1 914-337-8801
csiq@globalirpartners.com
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SOURCE Canadian Solar Inc.
