Trina Storage consolidates its leadership in energy storage in Latin America and the Caribbean: Tier 1 recognition in BNEF and projections for 2025

This is a machine translation of the original release issued in Spanish

PRESS RELEASE from Trina Storage
January 2025

Innovation and operational excellence drive Trina Storage’s continued leadership in the energy storage sector. Its fourth consecutive quarter on BloombergNEF’s prestigious Tier 1 list and its addition to S&P Global’s Top 10 Battery Energy Storage System (BESS) Integrators 2024 list validate its commitment to quality in the region.

As a new year begins, Trina Storage, Trinasolar’s storage solutions business unit, closed 2024 with solid recognition of its leadership in the regional photovoltaic industry. For the fourth consecutive quarter, the global manufacturing company has secured its position on BloombergNEF’s (BNEF) prestigious Tier 1 Energy Storage list, allowing it to position itself among the pioneering companies in storage technology manufacturing for 2025 in Latin America and the Caribbean.

This achievement, which reflects the high quality of its products, cutting-edge technology and solid system performance, adds to the more than 7.5 GWh of battery cabinets and systems shipped to six major markets around the world as of the third quarter of the year.

BNEF’s Tier 1 rating is a globally respected benchmark that evaluates companies based on rigorous criteria, including market impact, project execution and long-term efficiency. It serves as an authoritative reference for clients, investors and institutions, validating companies’ credibility and positioning. This continued recognition underlines Trina Storage’s strong competitiveness and comprehensive capabilities, ranging from Chilean lithium-based battery production to end-to-end cell-to-container solutions.

This recognition follows the company's recent inclusion in the S&P Global Top 10 Battery Energy Storage System (BESS) Integrators list for 2024, achieving leadership positions in the Chinese, British and Australian markets.

Innovation is a core pillar for Trina Storage. Its Elementa 2 platform, with significant advancements in cell design, module structure and capacity, delivers superior efficiency and maximizes profitability for customers. In addition, the company has established a robust global sales network and a complete quality management system covering the entire process from R&D and supplier management to production and after-sales service. Its commitment to safety is evidenced by the publication of the first white paper on safety and reliability of energy storage systems, setting a new standard for the industry.

For Latin America and the Caribbean, a region that has demonstrated enormous potential for the energy storage market, this recognition from BNEF is of particular relevance. “This continued recognition by BNEF validates our strategy and commitment to innovation and quality in the energy storage sector,” said Vicente Walker, Trina Storage’s Business Development Manager for LAC. “For Trina Storage, it is a clear signal that we are on the right path to deliver cutting-edge solutions that drive the energy transition in Latin America and the Caribbean.”

Looking ahead, Trina Storage is projecting significant growth in the region. “In particular, by 2025 we will begin construction of at least 2 GWh of new projects in Chile, demonstrating our consolidation in the region,” added Walker. This announcement reinforces Trina Storage’s commitment to Latin America and the Caribbean, and its focus on energy storage as a key element for the integration of renewable energies and the construction of a sustainable energy future.

About Trinasolar

Established in 1997, Trinasolar is the world's leading provider of comprehensive smart photovoltaic energy solutions. The company is dedicated to the innovation and development of photovoltaic modules, energy storage, intelligent tracking systems and integrated solar energy solutions. For more information, please visit www.trinasolar.com