Canadian Solar doubles storage shipments in 2022 but expects just c.5% growth in 2023 ‘transition year’
Canadian Solar doubled its energy storage shipments to 1.79GWh in 2022 although expects significantly lower growth in 2023. The PV module manufacturer’s energy storage system integrator subsidiary CSI Energy Storage contributed around 6% of total sales, with the rest from solar module shipments. That ratio is likely to grow, however, with significant growth in its battery storage business and a much larger pipeline than for solar.
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