Canadian Solar and its majority-owned subsidiary, CSI Solar, announced the re-branding of e-STORAGE, CSI Solar’s utility-scale battery energy storage subsidiary and platform. With e-STORAGE, Canadian Solar will accelerate its growth in the global energy storage market and operate as a distinct business unit, under CSI Solar. Previously, e-STORAGE operated as CSI Energy Storage. e-STORAGE launches with nearly 26 GWh of energy storage projects in its total pipeline and over $1.7B of contracted revenues as of July 2023, up from $1B in January 2023. This provides significant growth visibility for e-STORAGE over a multi-year period.
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