CSI Solar signs strategic partnership agreement to focus on renewables and battery energy storage

Facebook
Twitter
LinkedIn
Reddit
Email
The partnership will see the two companies cooperate to explore ‘innovative’ renewable technology. Image: Canadian Solar

Canadian Solar subsidiary CSI Solar has signed a strategic cooperation framework agreement with Contemporary Amperex Technology Co. Ltd. (CATL) that will focus on energy storage and renewable energy technology.

Announced yesterday (24 November), the agreement will see the companies cooperate on battery energy storage system (BESS) solutions, the supply of lithium-ion battery modules, operation and maintenance (O&M) services of battery storage projects and “innovative renewable energy technology”. 

“Global demand for battery storage is increasing dramatically under the backdrop of reaching net-zero emission goals,” said CATL vice president Tan Libin. “Our competitive advantage is on delivering highly innovative, efficient, competitive, and safe batteries across various applications, while Canadian Solar is an early mover and one of the key players in the global battery energy storage business.”

Shawn Qu, Canadian Solar’s chairman and CEO, said the partnership would “support the rapid growth of our battery storage businesses”.

“The partnership leverages CATL’s innovative battery storage technology and our global reach and experience to provide best-in-class battery storage solutions to our customers,” Qu said.

Canadian Solar has a global battery storage pipeline of 21GWh, including 2.9GWh under construction, according to a company media release.

Last week, the module manufacturer announced it was halting solar cell expansions and will instead ramp up module assembly plans in response to solar cell overcapacity and high module demand.

Read Next

PV Tech Premium
October 4, 2022
Maxeon’s interim CEO talks to PV Tech about capacity expansions, smart home solutions and the company’s search for a new CEO.
September 26, 2022
Swedish developer Solkompaniet and investment firm Niam have entered into a framework agreement to invest €300 million in utility-scale solar PV in Sweden.
September 19, 2022
Canadian Solar has announced a target of 10GWh of battery manufacturing capacity by the end of 2023, up from 2.5GWh today.
September 14, 2022
US utility-scale service provider Borrego has launched a new solar and battery storage procurement marketplace and optimisation solution called Anza.
September 5, 2022
PV Tech sat down with Claire Gardner, marketing manager at inverter specialist Solis, to discuss the potential growth of European markets, the rising interest in energy storage and the importance of accurate energy data.
September 2, 2022
US residential solar installer Sunnova has applied to the California Public Utilities Commission (CPUC) to develop a “first-of-its-kind” solar and storage focused “micro-utility” in the state.

Subscribe to Newsletter

Upcoming Events

On-Demand Webinars, Solar Media Events
October 11, 2022
Virtual event
Upcoming Webinars
October 18, 2022
10am (EDT) / 4pm (CEST)
Solar Media Events
November 29, 2022
Malaga, Spain