Core Viewpoint - The trend of leading photovoltaic companies extending into the energy storage sector is becoming increasingly evident, with over 80% of top firms entering the storage market to address declining profits from photovoltaic components and industry competition [1][6]. Group 1: Company Developments - Trina Solar announced on September 11 that its subsidiary, Jiangsu Trina Energy Storage Co., has signed contracts totaling 2.48 GWh for energy storage products with three customers across China, Latin America, and the Asia-Pacific region [1][2]. - The overseas order of 1 GWh will utilize a grid-forming system, marking Trina Energy Storage's first GWh-level project in the overseas market, which is considered a significant milestone [2][4]. - Trina Solar's energy storage sales have expanded to cover six major regional markets, with a cumulative shipment exceeding 12 GWh, and plans to ship 8-10 GWh for the entire year [6][7]. Group 2: Industry Trends - The grid-forming storage technology is crucial for new power systems, addressing challenges posed by high proportions of renewable energy integration, such as insufficient system inertia [4][5]. - By 2025, the scale of grid-forming storage is expected to reach 10 GW, with significant emphasis on its ability to enhance system stability and efficiency [5]. - The energy storage market is transitioning from mandatory installations to market-driven revenue models, indicating long-term growth potential [7]. Group 3: Competitive Landscape - Other major photovoltaic companies are also entering the energy storage market, with JinkoSolar, LONGi Green Energy, and JA Solar developing their respective storage systems and strategies [6][7]. - The National Energy Administration reported that by the end of 2024, the installed capacity of new energy storage projects in China is expected to reach 73.76 million kW, a significant increase compared to previous years [7].