Canadian Solar aims to achieve 10GWh of battery capacity by 2024

Seetao 2022-09-21 09:14
  • Canadian Solar aims to quadruple its current cell manufacturing capacity by the end of 2023
  • Manufacturing capabilities in battery storage will drive continued growth of Canadian Solar's battery storage solutions business
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Canadian Solar has announced a target to increase its battery manufacturing capacity to 10GWh by the end of 2023, up from 2.5GWh today, as it launches a new storage product for the utility-scale market.

The vertically integrated solar PV and energy storage company, based in Ontario but primarily manufactured in China, has launched SolBank, a proprietary designed and manufactured energy storage battery solution. The product uses lithium iron phosphate batteries with a single energy capacity of up to 2.8MWh, equipped with liquid cooling and humidity control and an active balance battery management system.

It was launched by subsidiary CSI Energy Storage, which manufactures SolBank at a workshop in China's Jiangsu province. The company said it currently has 2.5GWh of annual battery capacity there and expects to reach 10GWh by the end of 2023. This includes manufacturing its proprietary designed battery modules, packs and containers into off-the-shelf energy storage system solutions.

Together with SolBank Solutions, the company will provide all full-service offerings, including full commissioning and integration services, turnkey engineering, procurement and construction project execution, and long-term operations and maintenance services.

Dr. Xiaofeng Qu, Chairman and CEO of Canadian Solar, commented, "Our battery storage manufacturing capabilities will drive continued growth in our battery storage solutions business, which in turn enhances synergies with our battery storage project development business. . Solar plus battery storage will be one of the key solutions to climate change. We look forward to working with existing and new partners to contribute to global decarbonization efforts. Keywords: engineering news, overseas news

Canadian Energy said that CSI has an integrated pipeline of 11GWh of energy storage systems, including 861MWh under the long-term service agreement, 1.9GWh under construction or contracted, and 8.2GWh of additional early-stage pipelines. However, its project development business, including Recurrent Energy in the US, has more than 31GWh of battery storage projects.Editor/XingWentao