Canadian Solar Inc. (CSIQ) saw its stock soar 5.44% in pre-market trading on Wednesday, following announcements of significant energy storage contracts secured by its subsidiary e-STORAGE in Canada and Germany.

The company revealed that e-STORAGE has been contracted to provide a fully integrated energy storage solution for the Skyview 2 Energy Storage Project in Ontario, Canada. This project, with a capacity of 411 MW/1,858 MWh, is one of the largest of its kind in North America. Canadian Solar will deliver approximately 390 units of its SolBank 3.0 energy storage solution, with shipments expected to begin in February 2026 and commercial operation scheduled for the second quarter of 2027.

In addition to the Canadian project, e-STORAGE has also signed a Battery Energy Storage System (BESS) supply agreement for a 20.7 MW / 56 MWh DC energy storage project in Lower Saxony, Germany. This deal includes a 20-year Long-Term Service Agreement, with shipments set to begin in March 2026. These major contracts demonstrate Canadian Solar's growing presence in the energy storage market and its ability to secure large-scale projects, which has evidently boosted investor confidence in the company's future prospects.