On August 6, Trina Solar introduced the company's relevant situation to the visiting investors and answered the questions that investors were concerned about.
Q: Which part of the company's business will have a faster growth rate in the future?
It is expected that the company's fastest growing business in the future will be the energy storage business. The energy storage industry is on a track of rapid growth, and the global market for energy storage is expected to reach 600GWh in 2029. Trina has significant advantages on the sale channel in the field of energy storage business. The company's energy storage products have been fully certified overseas. It is expected that overseas orders for energy storage business will achieve significant growth this year, and the proportion of overseas sales will continue to increase in the future. At present, Trina has invested heavily in the research and development of energy storage technology and the layout of its global marketing network, laying a solid foundation for business development in the coming years.
Q: As a leading photovoltaic company, what are the advantages of Trina's energy storage business?
A: The birth of Trina Energy Storage is based on Trina Solar's 27 years of accumulated market channels, brand value and future application direction in the photovoltaic track. In addition to the proportion of customers is as high as 65%. Trina also has the following advantages.
1) Product advantages and integrated layout
Trinacore: Trina Energy Storage has developed industry-leading special batteries for energy storage with high energy density and high conversion efficiency, with a cycle life of more than 12,000 times, laying a solid foundation for the energy storage system.
Integration: Through a vertically integrated layout, Trina Energy Storage has built a full-stack capability including energy storage cells, energy storage battery compartments, energy storage converters, household energy storage and integrated smart energy management systems, forming a unique core competitiveness.
2) Coordinated development with the photovoltaic sector: integration of photovoltaic and energy storage, providing integrated solutions
Technology: Deeply integrate high-efficiency photovoltaic modules with energy storage systems to achieve seamless connection between efficient conversion and storage of light energy, and improve the overall system efficiency.
Brand: With the support of the parent brand of "TRW", we will adhere to the positioning of "a core energy storage product and solution provider", accelerate brand building, establish a sustainable brand image of "innovation, reliability and green", and continuously enhance the brand influence of new energy enterprises at home and abroad.
Channels: With Trina Solar's mature domestic and international operational capabilities and abundant market channels, Trina Solar will give full play to the advantages of PV-storage integration and achieve reliable delivery of high-quality products and services.
Q: What is the current yield rate and cost of Trina's energy storage cells? What about capacity and output?
A: In terms of production capacity, by the end of 2023, the company's energy storage battery, DC battery compartment and AC and DC product portfolio has reached 12GWh capacity. The yield and cost of the production line are benchmarked against the leading battery cell manufacturers in the industry.
Source: https://news.bjx.com.cn/html/20240807/1393487.shtml