Canadian Solar targeting 10GWh battery production capacity by 2024 as it launches new utility-scale storage offering

By Andy Colthorpe
Facebook
Twitter
LinkedIn
Reddit
Email
Canadian Solar, whose booth is pictured here at PV Expo, has targeted a quadrupling of its current battery manufacturing capacity by the end of next year. Image: PV Tech

Canadian Solar announced a target of 10GWh of battery manufacturing capacity by the end of 2023, up from 2.5GWh today, as it launched a new storage product for the utility-scale market.

The vertically integrated solar PV and storage company, based in Ontario but with manufacturing mainly in China, has launched SolBank, a proprietary designed and manufactured energy storage battery solution.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The product uses lithium iron phosphate (LFP) battery cells and has an energy capacity of up to 2.8MWh per unit, and comes with liquid cooling and humidity control and an active balancing battery management system (BMS).

It is being launched by subsidiary CSI Energy Storage which is producing the SolBank at its workshops in Jiangsu Province in China. The current annual battery manufacturing output capacity there is 2.5GWh and is expected to reach 10GWh by the end of 2023, the company said.

This includes the manufacturing of its own proprietary designed battery modules, packs and containerisation into ready-to-go energy storage system solutions.

The company will provide all the wrap-around services alongside the SolBank solution, including full commissioning and integration services, turnkey engineering, procurement and construction (EPC) project execution and long-term operational and maintenance (O&M) services.

Dr. Shawn Qu, chairman and CEO of Canadian Solar, commented: “Our manufacturing capacity in battery storage will spur the continued growth of our battery storage solutions business, which will in turn enhance the synergies with our battery storage project development business. Solar plus battery storage will be one of the key solutions to combat climate change. We look forward to working together with our existing and new partners and contribute to global decarbonisation efforts.”

Canadian Solar said CSI Energy Storage has an energy storage system integration pipeline of 11GWh, including 861MWh under long-term service agreements, 1.9GWh under construction or contracted and an additional earlier stage pipeline of 8.2GWh. However, its project development businesses, including Recurrent Energy in the US, have a pipeline of more than 31GWh of battery energy storage projects.

The CSI Energy Storage Team will be showcasing the new storage system at RE+ in Anaheim, US, next week from 19-22 September. Members of the Solar Media editorial team from both Energy-Storage.news and PV Tech will also be in attendance.

This article originally appeared on PV Tech’s sister site Energy-storage.news on 15 September. You can view the original article here.

8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

Read Next

May 24, 2024
Solar project developer Recurrent Energy has secured a €674 million (US$730 million) revolving credit facility to expand its European solar and battery energy storage system (BESS) portfolio.
May 24, 2024
Ørsted has closed a US$680 million tax equity financing with JP Morgan for a solar project, alongside a solar-plus-storage project.
May 24, 2024
US power distribution company Entergy Louisiana has received approval from the Louisiana Public Service Commission (LPSC) to add up to 3GW of solar PV.
Premium
May 24, 2024
Quarterly reports from China’s big-five PV module producers highlight the challenges PV manufacturers face in maintaining profitability.
May 24, 2024
US independent power producer Pivot Energy and electric vehicle (EV) manufacturer Rivian have partnered to build 60MW of community solar in Illinois, US.
May 23, 2024
Spanish firm Acciona Energía has commissioned its 458WM Red-Tailed Hawk PV project in the US state of Texas.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
May 29, 2024
11am (EDT) / 5pm (CEST)
Solar Media Events
June 4, 2024
London, UK
Upcoming Webinars
June 11, 2024
3:00 PM (BST) / 4:00 PM (CEST)
Solar Media Events
July 2, 2024
Athens, Greece