CHANGZHOU, China, Sept. 6, 2024 /PRNewswire/ -- Trinasolar
published its financial report for the first half of 2024 on
Aug 30, reporting revenue of
$6.047 billion and net profit
attributable to the parent of $74.058
million, reflecting two consecutive quarters of
profitability. Over the six months the company delivered 34GW in PV
modules, 1.7GWh of DC container and energy storage systems and
3.2GW of solar mounting systems, highlighting and consolidating its
leadership in smart PV and energy storage solutions.
Achieving robust growth in PV, solar tracker and ESS
business
In the first half of the year Trinasolar shipped 34GW of
modules, 25.9% more than in the corresponding period last year. Its
cumulative shipments of 210 modules exceeded 140GW, and it thus
maintained its top position worldwide. Trinasolar leads the
industry in the 700W+ era with its Vertex N 720W series module,
based on the 210mm product technology platform and n-type
i-TOPCon advanced technology.
Trina Storage, a business unit of
Trinasolar, takes a comprehensive approach to energy storage,
providing solutions from cell to pack to container. It has
launched its Elementa 2 Elevate solution, the industry's only fully
wrapped cell-to-AC energy storage solution, in North America. Trina
Storage pioneers in offering solutions for grid-scale shared
energy storage stations, solar-storage integrated charging stations
and carbon-neutral industry parks. In three quarters in a row this
year Trina Storage has been
recognized as a Tier 1 energy storage supplier by Bloomberg New
Energy Finance. By the end of June about 7GWh of DC container and
energy systems had been delivered globally.
TrinaTracker serves major PV markets worldwide, with cumulative
shipments exceeding 23GW by the end of June. It ranked sixth in
global shipments last year and third in key countries and regions,
being one of the fastest-growing companies, according
to S&P Global. A report by Wood Mackenzie ranked
TrinaTracker among the top three PV companies in South America, the Middle East and other regions.
Giving R&D a central role
Trinasolar has invested $381.409
million in R&D and had cumulatively filed 5,649 patent
applications by the end of June. Trinasolar puts a high premium on
its patents, with more than 500 patents on TOPCon technology by
July.
The company is extending global collaboration with innovative
partners to maintain core competence. In June it signed a long-term
collaboration agreement with the Institute of Solar Energy at
Universidad Politécnica de Madrid,
and in August it announced research collaboration with
the Agency for Science, Technology and
Research, Singapore's leading public sector R&D
agency.
Ensuring stable supply worldwide
The company deploys global production capacity to meet
burgeoning demands and guarantee worry-free global delivery.
Trinasolar prospectively laid out a 1GW cell and module base in
Indonesia and a 5GW module base in
the U.S. in 2023, both expected to operate in H2 2024.
Trinasolar, with its mission of "Solar Energy for All", will
continue to lead the industry with the latest technology and
advanced products.
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