– Company considering battery cell manufacturing for domestic content incentives
– Uncertainty surrounding US election prompt close monitoring of developments
– Transition to proprietary BESS Solbank DC block platform leading to increased deployments in US market
E-Storage is considering manufacturing battery cells in the US as part of its strategy to increase domestic content incentives. The company is closely monitoring developments, especially with the uncertainty surrounding the US election. They benefit from a subsidy under the Inflation Reduction Act, which provides incentives for cell manufacturing in the US.
To qualify for additional incentives, E-Storage is focusing on localizing BESS assembly in the US. They have transitioned from using third-party DC blocks to their own Solbank DC block, manufactured in China. The company is considering the possibility of manufacturing for BESS outside of China.
E-Storage has a strong delivery backlog for the US and other regions, including the UK and Australia. They buy third-party power conversion systems and integrate them into BESS projects, deploying over 3.4GWh of BESS to date. The company’s manufacturing backbone and EPC expertise set it apart in the competitive DC block BESS market.
Despite intense competition, E-Storage’s integrated approach and global project delivery capabilities are valued by customers. Canadian Solar, E-Storage’s parent company, was founded in Canada but is now based in China, while the E-Storage team is primarily in Canada and the US.