Core Viewpoint - Trina Solar has secured significant energy storage contracts totaling 2.66GWh, marking its fourth major order announcement in two months, indicating strong growth in its energy storage business [4][6]. Group 1: Recent Contracts - Trina Solar's subsidiary, Trina Storage, signed contracts for a total of 2.66GWh of energy storage products with clients across North America, Europe, and Latin America, with the North American contract accounting for 1.08GWh [4]. - In September, Trina Storage announced a contract for 2.48GWh, including a 1GWh overseas order utilizing a grid-type system, marking a significant milestone in its international market presence [6]. - By the end of October, another contract exceeding 1GWh was signed with a European client, featuring the new Elementa 2 Pro product, which boasts a 12% increase in energy density [6]. Group 2: Future Projections - Trina Storage aims to ship between 8-10GWh in 2025, with expectations of a 50% increase in shipments in 2026, supported by over 10GWh of existing overseas orders [7]. - The company plans to double its 2026 shipment target to 15-16GWh, reflecting a robust growth trajectory in its energy storage business [7]. Group 3: Cost Efficiency and Market Trends - As Trina Solar increases its energy storage product shipments, the cost ratio is expected to decline, leading to significant profitability growth in the energy storage sector next year [7]. - The company attributes its positive outlook to improved customer conversion rates in the solar-storage integration market, a focus on high-margin overseas orders, and ongoing cost reduction through technological advancements and supply chain optimization [7]. - The global demand for energy storage is anticipated to rise, driven by the increasing need for data centers and the overall growth in installed capacity, positioning Trina Solar favorably in the market [8].