[Canadian Solar's 34GW new energy material project signed in Yangzhou] Recently, the official website of Canadian Solar Group announced that its holding subsidiary CSI Solar signed an investment agreement with the Yangzhou Municipal Government to carry out capacity expansion projects in Yangzhou Clean Energy Manufacturing Park in three stages. The project is constructed in three phases. The first phase is 14GW silicon wafers and batteries, the second phase is 10GW components and supporting materials, and the third phase is 10GW batteries and energy storage systems. After the completion of the entire industrial chain, the annual revenue will be about 60 billion Yuan. Editor / Zhao E

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• 2026.02.09 16:30
• [Australia: 120 gigawatt hours of energy storage can provide 98.5% renewable energy supply]
• The latest simulation study shows that the Australian national electricity market can achieve nearly 100% renewable energy supply with only 24 gigawatts/120 gigawatt hours of energy storage, of which renewable energy accounts for 98.5% and the remaining 1.5% is supplemented by other energy sources. This simulation is based on actual electricity data since August 2021, scaling wind and photovoltaic power generation to 60% and 45% of annual demand, respectively, and utilizing existing hydropower synergy balance. The estimated power supply cost is $126 per megawatt hour, which is equivalent to the wholesale electricity price level in the past five years.Editor/Yang Meiling

• 2026.02.09 16:30
• [EU sets new high for battery energy storage installation by 2025]
• In 2025, the EU will add 27.1 gigawatt hours of battery energy storage capacity, a year-on-year increase of 45%, setting a historical record. Since 2021, the total scale of energy storage in the European Union has surged from 7.8 gigawatt hours to 77.3 gigawatt hours, an increase of nearly tenfold. The report points out that public utility scale projects have become the main force, accounting for 55% of the annual new installed capacity, indicating a significant shift in market structure. To meet the energy flexibility needs by 2030, the EU needs to increase its energy storage capacity tenfold to approximately 750 gigawatt hours to support large-scale integration of renewable energy.Editor/Yang Meiling