Canadian Solar's energy storage business is developing rapidly, with orders on hand exceeding 18.5 billion yuan

Canadian Solar has been rapidly developing its energy storage business, with orders for large-scale energy storage systems exceeding $2.6 billion (about RMB 18.5 billion) as of November 2023. The company expects energy storage system shipments to be between 6GWh and 6.5GWh this year, and plans to increase shipments of components and large-scale energy storage systems by 40% and 200%, respectively.