Recently, Canadian Solar released its investor relations activity records for November–December 2025, offering in-depth discussions on key topics including photovoltaic (PV) industry chain consolidation, the outlook for its energy storage business, and strategies to address U.S. market policies.
Regarding the current state of the PV industry, Canadian Solar believes that industry consolidation will accelerate the phase-out of small-scale and inefficient capacity. Leading companies are expected to further increase their market share through technological iteration and capacity upgrades.
Leveraging its strengths across PV modules, commercial and industrial (C&I) as well as residential energy storage, and power electronics products, Canadian Solar is advancing business model innovation centered on system-level solutions. The company aims to enhance product value-added content and improve overall profitability.
Energy storage is identified as a key engine for future growth. Canadian Solar expects global utility-scale energy storage shipments to reach 14–17 GWh in 2026, with non-U.S. markets contributing approximately two-thirds of the total.
Driven by demand for grid regulation and renewable energy integration, mature markets such as Canada, Europe, and Australia are experiencing strong growth. At the same time, the company plans to expand its residential energy storage market share in core regions including Europe and Japan, and expects its residential storage business to achieve simultaneous growth in both scale and profitability next year.
In the area of AI and data center applications, the company disclosed that it is currently tracking related energy storage orders. Although on-site data center energy storage systems have relatively high technical requirements, overall demand for energy storage in the U.S. market is already showing explosive growth, and the company is actively evaluating capacity matching strategies.
On cost control, Canadian Solar emphasized that it has established long-term cooperation mechanisms with core suppliers and has incorporated price adjustment clauses into its sales contracts. These measures are designed to effectively pass through the risks associated with raw material price fluctuations—such as lithium carbonate—thereby ensuring that its energy storage business maintains healthy gross margins and net profit conversion capability.
Source：EnergyTrend
