Recently, during an investor survey, Canadian Solar (SH: 688472) stated that the US government’s requirement for major AI companies to build their own power generation facilities, in order to avoid driving up residential electricity costs, will stimulate the development of various power supply forms, including photovoltaics, energy storage, and gas-fired power generation. Currently, energy storage demand in the US is high, and prices are expected to trend further upwards.
Regarding its energy storage business, Canadian Solar indicated that the group’s global energy storage shipments are projected to be 14-17 GWh in 2026, showing an overall healthy growth trend. In the US market, as existing “safe harbor” projects gradually conclude and new projects commence, customer requirements for supply chain qualifications, material certification capabilities, and long-term stable delivery capabilities have significantly increased. Consequently, prices and profits are expected to be reasonably enhanced. Outside the US, the large-scale energy storage business is rapidly expanding from established regions such as the UK, Canada, Chile, and Australia into Europe, Japan, and other countries, with its coverage continuously widening. The focus remains on serving high-quality customers with comprehensive qualifications, risk resistance capabilities, system integration expertise, and long-term support capabilities, rather than engaging in hardware price wars.
