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Canadian Solar Announces New Battery Energy Storage Projects in California and Texas

LCG, March 6, 2025--Canadian Solar Inc. (Canadian Solar) announced today that e-STORAGE, a subsidiary of Canadian Solar majority-owned subsidiary CSI Solar Co., Ltd. (CSI Solar), has secured Battery Supply Agreements and Long-Term Service Agreements (LTSA) for two major battery energy storage projects developed by Aypa Power, a Blackstone portfolio company. These projects are designed to improve grid resilience and support renewable energy integration. Construction of the projects is planned to begin in Q3 2025.

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GE Vernova and AWS Announce Strategic Framework Agreement to Support AWS's Data Center Growth and to Address Global Energy Demand and Grid Challenges

LCG, March 5, 2025--GE Vernova and Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company, announced yesterday the signing of a strategic framework agreement (SFA) designed to (i) support AWS’s data center scaling and (ii) provide collaboration to address increasing global energy demand, advance grid security and reliability, and decarbonization of electric power systems.

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Industry News

Consumer Advocates Ask Iowa Regulators to Limit Interstate Rates

LCG, September 19, 2002-The OCA, Iowa's consumer advocate, has requested that electricity regulators lower annual rates by $22.4 million.

After inspecting financial information of Alliant Energy Corporation, parent to Interstate Power & Light Company, consumer advocates found that utility assets were used as the guarantee on $952 million borrowed by a separate Alliant Energy subsidiary.

The OCA has said that the holding company would have the capability of using Interstate Power & Light's capital to benefit shareholders by improving electricity rates for itself. The OCA believes that any benefits should be passed on to ratepayers, who financed asset purchases in the first place. Therefore, OCA has requested that Iowa regulators limit Interstate Power & Light's rates, as opposed to allowing the $82 million rate increase that the company requested previously.

Interstate Power & Light finds the logic requisite of a "leap," noting that ratepayers do not take investment risks like shareholders and that any revenue reduction would be seriously harmful to the utility.

A hearing has been planned for October 22.

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