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 on 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”.
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
“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.
The PV module manufacturer recently 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.
This story first appeared on PV Tech.
