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Trina Rich Home Energy

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Original residential and commercial PV system solutions

ChinaFounded 2016Energy
Valuation $100–500M Latest valuation · 2023
Total funding $50–100M Disclosed equity funding
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About Trina Rich Home Energy

Trina Solar, founded in 1997 by Jifan Gao, is a Chinese photovoltaics (PV) company specializing in the research, development, production, and sales of PV products and smart energy solutions. Gao, who holds a master's degree in physical chemistry, was inspired to start the company by global initiatives like the Kyoto Protocol and the U.S. Million Solar Roofs program. The company initially focused on developing high-quality PV products and has since grown into a major global player in the solar industry.

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Trina Solar operates a vertically integrated business model, controlling the entire value chain from manufacturing its own cells to integrating them into battery energy storage systems (BESS). This strategy allows for quality control and cost efficiency. The company's offerings include PV modules, power stations, trackers, and system products for residential, commercial, industrial, and utility-scale clients worldwide. A significant part of its business is now dedicated to energy storage solutions through its Trina Storage division, which provides advanced battery technology and integrated systems like the Elementa for grid-scale applications and the Nexeos for residential use.

The business model involves direct sales, partnerships with distributors and system integrators, and the development of standalone storage projects. These projects participate in capacity markets and provide grid services such as frequency regulation and peak shaving to generate revenue. Having been listed on the NYSE in 2006, the company later delisted and, in June 2020, went public on the STAR Market of the Shanghai Stock Exchange.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2016
Headquarters
China
Open positions
None listed
Dealroom signal
18.0/100
Industry
Energy
Sub-industry
Clean Energy
Sector
Energy, Hard Tech
Client focus
b2b
Links
Website

Latest news

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Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
LATE VCOther financing May 2023 $99M $397M Bank of Communications · Huafu Securities · Changzhou Hi-tech Investment · Industrial Guoxin Asset Management
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Growth signals

Trina Rich Home Energy website traffic

Latest recorded traffic for Trina Rich Home Energy is 550 monthly website visits, down 36% over the last three months.

Latest monthly visits550 3-month web change-36%
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Investors

9 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series B and later9 investors entered at this stage

  • Bank of Communications
  • Huafu Securities
  • Changzhou Hi-tech Investment
  • Industrial Guoxin Asset Management
  • China Pacific Insurance
  • Milestone Capital
  • Yu Ze Capital
  • Moral investment
  • Xingyin Capital
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Global footprint

Workforce and web traffic by country
Workforce by country
🇨🇳 China HQ
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Market sentiment

Posts on X, past 7 days

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Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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