Canadian Solar Inc. (CSIQ) Boosts Clean Energy Strategy with Storage Milestones

Canadian Solar Inc. (NASDAQ:CSIQ) is one of the best solar stocks to buy now. On February 24, Canadian Solar Inc. (NASDAQ:CSIQ ) subsidiary Recurrent Energy finalized the sale of its 200MWh Fort Duncan Battery Storage facility to Hunt Energy Network.

The sale comes on the heels of the Fort Duncan Battery Storage reaching commercial operation in June of 2025 . Early last year, Recurrent Energy secured $183 million in financing for the project . Canadian Solar is to recognize revenue from the sale of the battery storage unit in Q1 2026.

Ismael Guerrero, CEO of Recurrent Energy, said, “We are very pleased to complete the sale of Fort Duncan Storage to Hunt Energy Network. The project has demonstrated exceptional performance and has become a reliable and responsive asset for the Texas grid. This transaction is an important milestone in our strategic initiative to selectively monetize projects to support our continued growth.”

Earlier, on February 11, Canadian Solar delivered its first grid-connected battery energy storage system in Japan through its e-STORAGE subsidiary. Canadian Solar Projects K.K. developed the system, which is expected to participate in both the Japan Electric Power Exchange and the Balancing Market.

EOS

A battery energy storage. Photo from Eos Energy website

“This energy storage project represents a key milestone in Canadian Solar’s commitment to supporting Japan’s energy transition,” said Colin Parkin, President of Canadian Solar and e-STORAGE.

Canadian Solar Inc. (NASDAQ:CSIQ) is a major global renewable energy player. It manufactures solar PV modules, delivers battery energy storage solutions, and develops large-scale solar and battery projects.

While we acknowledge the potential of CSIQ as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CSIQ and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 40 Most Popular Stocks Among Hedge Funds Heading Into 2026 and 10 Best Blue Chip Stocks to Buy for the Long Term.

Disclosure: None.  Follow Insider Monkey on Google News.