Canadian Solar Expands Battery Storage to Drive Future Growth
Canadian Solar is transitioning from solar module manufacturing to becoming a clean energy solutions provider, emphasizing battery storage as a key growth area. The company's battery energy storage systems (BESS) generated $1.4 billion in revenue in 2025, reflecting a significant shift in its business model.
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In 2025, Canadian Solar's battery energy storage systems delivered approximately 7.8 GWh, contributing around $1.4 billion to its revenue. The company's cumulative storage deliveries have surpassed 18 GWh, indicating rapid growth in its storage division.
Canadian Solar also has a contracted storage backlog of approximately $3.6 billion and a development pipeline of about 83 GWh of battery storage capacity. This shift towards storage is aimed at mitigating the volatility and competition faced in the solar module market, which saw over 24 GW shipped in 2025. The company's diversification into storage aligns with industry trends toward renewable energy solutions that offer stability and long-term contracts.
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