Canadian Solar partners with tech firm Habitat Energy

Canadian Solar Inc (NASDAQ:CSIQ) on Thursday said it is partnering with UK provider of asset optimisation services for grid-scale battery storage facilities Habitat Energy Limited.

The solar major has also made an investment in the Oxford-based company, details on which were not disclosed.

Habitat Energy's trading platform uses artificial intelligence (AI) and algorithmic forecasting to maximise asset performance and value.

With the partnership, Canadian Solar will be able to offer new technology solutions for developers and owners of energy storage assets, while supporting Habitat Energy's expansion outside of the UK and Australia.

"The power grid of tomorrow is not only built by renewable energy and battery storage, but crucially driven by artificial intelligence, big data, machine learning, cloud computing and many more technologies," said Canadian Solar CEO Shawn Qu. "Through this partnership, we will continue to de-risk and improve returns for project owners and investors, while contributing to a smarter, stabler, cleaner and more powerful global electric grid for global consumers."

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