Recurrent Energy, a wholly-owned subsidiary of Canadian Solar, acquired two standalone energy storage projects from Black Mountain Energy Storage. The projects are in the South Load Zone of the Texas ERCOT market, and each is likely to store up to 200 MWh of energy. Both projects are in development and are expected to reach notice to proceed in 2023 and begin operation in the second quarter of 2024. Recurrent Energy has developed 2.9 GWh of energy storage projects under construction or operation and has an additional pipeline of 15.5 GWh of projects under early to mid-stage development. The two standalone energy storage projects added to the company’s development pipeline will be operated as merchant projects in the ERCOT market.