Trina Storage Secures Position in BNEF Tier 1 List for Q1 2024

Trina Storage included in BNEF Tier 1 List for Q1 2024. Photo: TrinaStorage

Trina Storage, an energy storage solution provider, has been included in the esteemed Bloomberg New Energy Finance (BNEF) Energy Storage Tier 1 List for the first quarter of 2024. BNEF stands as a reputable industry research organisation in the field of new energy, recognised for its credibility and expertise.

The BNEF list aims to clearly distinguish systems among the hundreds of fixed energy storage manufacturers in the market, based on the proven bankability of project deployments.

“This recognition underscores Trina Storage’s exceptional track record in delivering cutting-edge storage products and systems to diverse projects worldwide,” said the company in its press statement.

As per the BNEF’s stringent criteria for Energy Storage Tier 1 recognition, a company should have supplied or be firmly contracted to supply products to a minimum of six distinct projects over the last two years. Each project must exceed 1 megawatt or 1 megawatt-hour and be owned by entities independent of the energy storage provider.

Trina Storage has established a vertically integrated industrial chain, encompassing both upstream and downstream capabilities. The company has shown full-stack research capabilities, ranging from the battery cell to the entire system, exemplified by developing the 306Ah & 314Ah high-capacity cell with more than 10,000 lifecycles. Trina Storage has established production bases in Changzhou, Chuzhou, and Dafeng, creating a foundation for the development of factories. Stringent production control systems, proficient lean management capabilities, and advanced digital management systems characterize these facilities.

“We are thrilled to be designated as a Tier 1 Energy Storage provider by BloombergNEF for Q1 2024,” said Helena Li, Executive President at Trina Solar. “This recognition not only validates our technological prowess but also affirms our dedication to serving the energy storage needs of a wide array of projects worldwide,” she added.

“Trina Storage’s achievement reflects its commitment to providing advanced energy storage solutions across a diverse range of projects globally,” a press release by the firm read adding that the company’s success is underlined by its ability to meet the specific criteria set by BNEF, demonstrating excellence in product reliability and market relevance.