Canadian Solar has launched a utility-scale energy storage product and announced a battery manufacturing capacity target of 10GWh by end-2023, up from 2.5GWh today.
Canadian Solar subsidiary Recurrent Energy has acquired two standalone energy storage projects in development totalling 400MWh in the ERCOT, Texas market.
Around 60% of new solar projects planned in US utility service areas are hybrid resources paired with storage. Recurrent Energy’s Lucas Moller explains the appeal.
Canadian Solar’s project development subsidiary Recurrent Energy has sold a majority stake in its 350MW / 1,400MWh Crimson energy storage project currently awaiting the start of construction in California.