CSI Solar indicators strategic partnership agreement to concentrate on renewables and also battery power storage space

• Canadian Solar subsidiary CSI Solar has authorized a strategic cooperation framework agreement with Contemporary Amperex Technology Co. Ltd. (CATL) that will certainly concentrate on power storage and also renewable resource technology.

Declared yesterday (24 November), the agreement will certainly see the companies comply on battery energy storage space system (BESS) services, the supply of lithium-ion battery modules, operation and maintenance (O&M) solutions of battery storage projects as well as "innovative renewable energy technology".

" Global demand for battery storage space is increasing significantly under the backdrop of getting to net-zero discharge goals," said CATL vice head of state Tan Libin. "Our competitive advantage is on delivering very ingenious, effective, competitive, and also risk-free batteries throughout various applications, while Canadian Solar is a very early moving company and among the principals in the worldwide battery energy storage service."

Shawn Qu, Canadian Solar's chairman and also chief executive officer, stated the partnership would certainly "sustain the fast growth of our battery storage space services".

"The partnership leverages CATL's cutting-edge battery storage space technology and also our global reach and experience to give best-in-class battery storage options to our consumers," Qu claimed.

Canadian Solar has an international battery storage space pipe of 21GWh, including 2.9 GWh under construction, according to a firm media release.

Recently, the module maker announced it was stopping solar cell developments and will certainly instead increase module assembly plans in reaction to solar cell overcapacity as well as high module need.