Technology

Canadian Solar’s e-STORAGE to Deliver Nova Scotia’s First Grid-Scale Battery Energy Storage Facilities

Published

9 months ago

July 8, 2024

GUELPH, ON, July 8, 2024 /PRNewswire/ — Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced that e-STORAGE, which is part of the Company’s majority-owned subsidiary CSI Solar Co., Ltd. (“CSI Solar”), has secured a contract from Nova Scotia Power to develop flagship energy storage projects across three locations in Nova Scotia, Canada: Bridgewater, Waverley, and White Rock.

The projects, totaling 150 MW / 705 MWh DC, will play a crucial role in enhancing grid reliability and stability, supporting the province’s transition to cleaner energy. Construction will be completed by the end of 2026, and the first site expected to be operational in 2025. e-STORAGE will provide comprehensive engineering, procurement, and construction (EPC) services along with long-term service agreements (LTSA).

e-STORAGE’s expertise in engineering utility-scale battery energy storage systems ensures the projects meet the highest safety standards and regulatory requirements. With cutting-edge technologies and rigorous safety protocols, e-STORAGE addresses the increasing demand for energy storage solutions while ensuring community safety and grid reliability.

e-STORAGE has shipped more than 5 GWh of battery energy storage solutions across North America, Europe, and Asia Pacific markets. As a Canadian company, Canadian Solar takes pride in leveraging its global expertise and capabilities to empower Canadian businesses in transitioning to a sustainable energy future. As global demand for advanced energy solutions continues to rise, e-STORAGE is scaling up production to meet the evolving needs of clients and partners.

Peter Gregg, President of Nova Scotia Power, commented, “We look forward to collaborating with communities and project partners to ensure these projects provide the most cost-effective value to our customers. These grid-scale battery energy storage projects will help maintain system reliability during Nova Scotia’s clean energy transition, delivering safe and clean energy when needed.”

Colin Parkin, President of e-STORAGE, added, “We are thrilled to partner with Nova Scotia Power on these innovative energy storage projects, contributing to provincial and federal targets of achieving 80% renewables by 2030. As Canadians, we are committed to making a significant environmental impact at home while empowering our clients to shift electricity generation to long-term renewable energy sources. We are proud to be setting a precedent for North America, creating local jobs, and enhancing grid reliability.”

About Canadian Solar Inc.
Canadian Solar was founded in 2001 in Canada and is one of the world’s largest solar technology and renewable energy companies. It is a leading manufacturer of solar photovoltaic modules, provider of solar energy and battery energy storage solutions, and developer of utility-scale solar power and battery energy storage projects with a geographically diversified pipeline in various stages of development. Over the past 23 years, Canadian Solar has successfully delivered over 125 GW of premium-quality, solar photovoltaic modules to customers across the world. Likewise, since entering the project development business in 2010, Canadian Solar has developed, built, and connected over 10 GWp of solar power projects and 3.3 GWh of battery energy storage projects across the world. Currently, the Company has over 1.2 GWp of solar power projects in operation, 6.5 GWp of projects under construction or in backlog (late-stage), and an additional 19.8 GWp of projects in advanced and early-stage pipeline. In addition, the Company has 600 MWh of battery energy storage projects in operation and a total battery energy storage project development pipeline of around 56 GWh, including approximately 4.3 GWh under construction or in backlog, and an additional 51.6 GWh at advanced and early-stage development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

About e-STORAGE
e-STORAGE is a subsidiary of Canadian Solar and a leading company specializing in the design, manufacturing, and integration of battery energy storage systems for utility-scale applications. The Company offers its own proprietary LFP battery solution, comprehensive EPC services, and innovative solutions aimed at improving grid operations, integrating clean energy, and contributing to a sustainable future. e-STORAGE had US$2.5 billion of contracted backlog including contracted long-term services agreements as of March 2024. e-STORAGE has shipped close to 5.7 GWh of battery energy storage solutions to global markets, including the United States, Canada, the United Kingdom, and China as of March 2024. This significant accomplishment solidifies e-STORAGE’s position as a key player in the global energy storage integration industry. Currently, the Company operates two fully automated, state-of-the-art manufacturing facilities with an annual production capacity of 20 GWh. e-STORAGE is fully equipped to continue providing high-quality, scalable energy storage solutions and contribute to the widespread adoption of clean energy. Please refer to the Media&PR section of the e-STORAGE website for images and additional information about e-STORAGE, follow the LinkedIn page or visit www.csestorage.com.

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; litigation and other risks as described in Canadian Solar’s filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 26, 2024. Although Canadian Solar and Recurrent Energy believe 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 and Recurrent Energy undertake no duty to update such information, except as required under applicable law.

CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACT
Wina Huang
Investor Relations
Canadian Solar Inc.
investor@canadiansolar.com

e-STORAGE MEDIA INQUIRIES
Simona Marginean
e-STORAGE Marketing Manager
simona.marginean@csestorage.com

View original content:https://www.prnewswire.com/news-releases/canadian-solars-e-storage-to-deliver-nova-scotias-first-grid-scale-battery-energy-storage-facilities-302190538.html

SOURCE Canadian Solar Inc.

Technology

Comcast RISE to Provide 100 Grand Rapids and Muskegon Small Businesses with Comprehensive Grant Packages

Published

44 minutes ago

April 10, 2025

Comcast RISE to Award $3 Million in Grants to 100 Local Small Businesses

GRAND RAPIDS, Mich., April 10, 2025 /PRNewswire/ — Today, Comcast announced Grand Rapids, Muskegon, and surrounding areas will be one of five regions where eligible small businesses will have the opportunity receive grants through Comcast RISE. The program will provide 100 small businesses with comprehensive packages that include a technology makeover, creative production, a media schedule, educational resources, a $5,000 monetary grant, and business consultation services.

Beginning on May 1, and through May 31, eligible businesses in Grand Rapids and Muskegon can apply for a grant package at www.ComcastRISE.com.

Grant packages will include:

TECHNOLOGY MAKEOVER – Computer equipment and Internet, Voice, and Cybersecurity services for 12 months. (Taxes and other fees may apply for tech makeover services.)CREATIVE PRODUCTION & MEDIA – Professionally produced 30-second TV commercial, plus a media strategy consultation and a 180-day linear media schedule. (Taxes and other fees may apply for production and media services.)EDUCATION RESOURCES – 12-month access to online entrepreneurship courses, learning modules, and resources for small business owners.MONETARY GRANT – $5,000 monetary grant.COACHING SESSIONS – Business assessment and coaching that provides business owners with recommendations on how to help grow their businesses.

“Small business owners in Grand Rapids and Muskegon serve as the economic and innovation engines of their communities,” said Sonya Callahan, Regional Vice President, Comcast Business, Heartland. “Comcast RISE is all about uplifting local entrepreneurs, supporting the growth of small businesses, and our continued commitment to their success.”

Grand Rapids and Muskegon are home to a number of former Comcast RISE winners, including Delight in Designs (Grand Rapids), Body Builders Collision & Custom Cars (Kentwood), A Solution B (Wyoming), and Servicios De Esperanza (Muskegon).

“The saying is, ‘business is never personal’ – but we take the opposite approach,” said Christian Boyd, owner of Body Builders Collision & Custom Cars. “We’re so grateful to provide a service to the community, and I’m very grateful we were chosen to participate in Comcast RISE. For any eligible business thinking about applying for Comcast RISE this year, just go for it. It’s an awesome opportunity you can’t afford to pass up.”

A total of 100 grants per region, or 500 grants overall, will be announced in August. This year’s recipients, across Grand Rapids and Muskegon, Boston, Nashville, Seattle, and South Valley, UT, will join the 14,000 entrepreneurs nationwide who have been supported through Comcast RISE since the program launched in 2020.

Comcast RISE is part of Project UP, the company’s comprehensive initiative to create digital opportunity and help build a future of unlimited possibilities.

More information on eligibility requirements and details on how to apply are available at www.ComcastRISE.com.

About Comcast Corporation
Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information.

Media Contacts:
Amy Pietzak
248-318-8905
amy_pietzak@comcast.com
https://michigan.comcast.com/

Samantha VanHoef
734-478-7118
samantha_vanhoef@comcast.com
https://michigan.comcast.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/comcast-rise-to-provide-100-grand-rapids-and-muskegon-small-businesses-with-comprehensive-grant-packages-302426038.html

SOURCE Comcast

Technology

Cognex Announces First Quarter 2025 Earnings Release and Conference Call Dates

Published

45 minutes ago

April 10, 2025

NATICK, Mass., April 10, 2025 /PRNewswire/ — Cognex Corporation (NASDAQ: CGNX) will release earnings for the first quarter of 2025 on Wednesday, April 30, 2025, after market close.

The Company will host a conference call on Thursday, May 1, 2025, at 8:30 a.m. Eastern Daylight Time (EDT), to discuss the results.

Access to the conference call, and a replay that will be available following the call, may be found on the Cognex Investor Relations website at https://www.cognex.com/investor. The telephone number for the live call is (877) 704-4573 or (201) 389-0911 if outside the United States.

About Cognex
Cognex Corporation invents and commercializes technologies that address some of the most critical manufacturing and distribution challenges. We are a leading global provider of machine vision products and solutions that improve efficiency and quality in high-growth-potential businesses across attractive industrial end markets. Our solutions blend physical products and software to capture and analyze visual information, allowing for the automation of manufacturing and distribution tasks for customers worldwide. Machine vision products are used to automate the manufacturing or distribution and tracking of discrete items, such as mobile phones, electric vehicle batteries and e-commerce packages, by locating, identifying, inspecting, and measuring them. Machine vision is important for applications in which human vision is inadequate to meet requirements for size, accuracy, or speed, or in instances where substantial cost savings or quality improvements are maintained.

Cognex is the world’s leader in the machine vision industry, having shipped more than 4.5 million image-based products, representing over $11 billion in cumulative revenue, since the company’s founding in 1981. Headquartered in Natick, Massachusetts, USA, Cognex has offices and distributors located throughout the Americas, Europe, and Asia. For details, visit Cognex online at www.cognex.com.

Investor Contacts:
Greer Aviv – Senior Investor Relations Consultant
Jordan Bertier – Sr. Manager, Investor Relations
Cognex Corporation
ir@cognex.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/cognex-announces-first-quarter-2025-earnings-release-and-conference-call-dates-302426033.html

SOURCE Cognex Corporation

Technology

Laboratory Services Cooperative Notifies Individuals of Security Incident

Published

45 minutes ago

April 10, 2025

SEATTLE, April 11, 2025 /PRNewswire/ — Laboratory Services Cooperative (LSC), a non-profit organization based in Seattle, Washington, is encouraging individuals to take precautionary measures to protect their information following a security incident.

LSC provides lab testing services to select Planned Parenthood centers. If you, or someone whose healthcare bills you pay for, visited one of these centers and had lab tests done or were referred for lab tests, your information might be part of this incident.

Please be advised that this incident did not involve all Planned Parenthood centers. It specifically may have impacted only those centers that received lab testing services from LSC. It is important to note that LSC began providing services to these centers at different times, with some partnerships starting as recently as the past few years. For a list of states where LSC partners with Planned Parenthood centers, individuals can visit the FAQ section of LSC’s website notice available at https://www.LSCIncidentSupport.com.

On October 27, 2024, LSC identified suspicious activity within its network. In response, LSC immediately engaged third-party cybersecurity specialists to determine the nature and scope of the incident and notified federal law enforcement. The investigation revealed that an unauthorized third party gained access to portions of LSC’s network and accessed/removed certain files belonging to LSC.

LSC promptly initiated a review and engaged a third-party vendor to help identify whose information may be potentially involved and to what extent.

In February 2025, LSC received the initial results of the data review, revealing that certain LSC patient and worker-related data might be affected.

The specific information involved is not the same for everyone. It depends on the individual’s relationship with LSC but may include contact details such as name, address, phone number, and email, along with one or more of the following categories:

Medical/Clinical Information: This may include information such as date(s) of service, diagnoses, treatment, medical record number, lab results, patient/accession number, provider name, treatment location, and related-care details.

Health Insurance Information: This may encompass plan name, plan type, insurance companies, and member/group ID numbers.

Billing, Claims, and Payment Data: This could involve claim numbers, billing details, bank account details (including bank name, account number, and routing number), billing codes, payment card details, balance details, and similar banking and financial information.

Additional Identifiers: This may include Social Security Number, driver’s license or state ID number, passport number, date of birth, demographic data, student ID number, and other forms of government identifiers.

For LSC workers, the information involved may also include details about their dependents or beneficiaries if that information was provided to LSC.

The confidentiality, privacy, and security of information maintained by LSC remains its top priority. As a precaution, LSC has hired third-party cybersecurity specialists to monitor the dark web for any information that may have been accessed or taken without authorization during this incident. The dark web is a hidden part of the internet where unauthorized activities and data exchanges often happen.

The cybersecurity specialists hired by LSC are using tools and techniques to scan various dark web forums, marketplaces, and other platforms. As of this writing, they have not found any evidence that information involved in this incident is on the dark web.

LSC has set up a website to help individuals learn more about the incident and to provide resources to protect their information. These resources include free credit monitoring and medical identity protection services through CyEx Medical Shield Complete. To learn more or to sign up for these services, please visit https://www.LSCIncidentSupport.com. Any updates regarding the incident will be posted on https://www.LSCIncidentSupport.com, so individuals are encouraged to visit it periodically.

LSC has also established a dedicated call center for individuals to call with any questions or concerns. The toll-free call center can be reached at 1-855-549-2662, available Monday through Friday from 9:00 AM to 9:00 PM ET.

Individuos pueden obtener información relacionada con este incidente en español llamando al centro de llamadas gratuito exclusivo de LSC al 1-855-549-2662.

View original content:https://www.prnewswire.com/apac/news-releases/laboratory-services-cooperative-notifies-individuals-of-security-incident-302426009.html

SOURCE Laboratory Services Cooperative