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Trina Solar Sees Growing Market for Solar in Pakistan

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LAHORE, Pakistan, Feb. 28, 2024 /PRNewswire/ — Pakistan’s increasing demand for solar energy is on the rise as both residences and businesses increasingly recognize solar power as a reliable and cost-efficient source of electricity.

According to Bloomberg New Energy Finance (BloombergNEF), Pakistan imported USD$1.11 billion worth of solar products from January to September 2023, equivalent to an estimated 4GW of modules. This coincides with the Private Power and Infrastructure Board (PPIB) releasing framework guidelines in September 2023 to expedite power purchase agreements for solar projects and integrate solar onto public building roofs.

In light of these developments, Trina Solar, a global leader in smart PV technology and energy storage solutions, anticipates substantial growth in the Pakistani market. This optimistic outlook is fueled by reforms in solar initiatives, fluctuating fuel prices, and rapid advancements in solar technology. The company’s foresight is supported not only by market dynamics but also by a strategic focus on reducing solar project Levelized Cost of Energy (LCOEs). The introduction of high-power modules, driven by technological breakthroughs like the 210mm n-type i-TOPCon Advanced technology, aligns with the Pakistani market’s preference for high-power output modules. Trina Solar is a pioneer in these technological advancements, foreseeing the industry’s transition into the 700W era.

As evidence of Trina Solar’s impactful presence in Pakistan’s energy sector, the company has undertaken projects across the country in various market segments, including residential, commercial and industrial (C&I), and utility scale. For instance, Trina Solar’s industry-leading 210mm Vertex modules were installed in FectoCement’s (FSEL) 5MW solar project in Islamabad and Asif Rice Mills’s 4MW rooftop solar project in Larkana. C&I installations encompass Packages Mall’s rooftop in Lahore and Fish Farm Variable Frequency Drive’s (VFD) Northern Bypass in Karachi.

Dave Wang, Subregional Head of Trina Solar Asia Pacific, emphasizes the company’s commitment to empowering diverse entities across Pakistan, fostering both economic prosperity and environmental stewardship. Wang states, “Our mission ‘Solar Energy for All’ propels our commitment to delivering industry-leading modules, enabling our customers to achieve ‘grid parity’, making it more economical to generate electricity from solar modules than to rely solely on the conventional grid.”

Wang underscores the significant impact on households and businesses, noting, “Reducing the cost of electricity makes a substantial difference, especially given the recent surge in electricity prices over the last 18 months, driven by high fuel prices and general inflation. Additionally, residences and businesses in areas experiencing prolonged power blackouts can now tap into an alternative source of electricity rather than relying solely on the grid.”

To illustrate the financial benefits, Wang provides an example of a residential household with a monthly electricity consumption of 500 units, resulting in a monthly bill of approximately Rs. 20,000. If the homeowner invests in a 5kW system generating 6200 units at a cost of Rs. 900,000, the potential annual savings of Rs. 341,000 annually. In this scenario, the modules would essentially cover their own costs within 2-3 years.

The adoption of solar is most prominent in major cities like Islamabad, Karachi, and Lahore, driven by higher population density and increased awareness of solar module technology. Larger cities also benefit from multiple installers, providing a range of options, reflecting the growing interest and recognition of the benefits of solar energy in densely populated urban areas.

Building on this momentum, Trina Solar is poised to take center stage at the Solar Pakistan exhibition in Lahore (27-29 February), where it will showcase its latest Vertex N range of 210mm modules, powered by n-type i-TOPCon Advanced cell technology, as well as its energy storage systems, demonstrating its ability to provide integrated smart PV solutions.

Trina Solar will launch in Pakistan the Vertex N 720W (Vertex N NEG21C.20), an n-type i-TOPCon bifacial dual glass module which offers maximum module efficiency of 23.2%, designed for compatibility with existing mainstream system components. It features super multi-busbar (SMBB) technology for better light trapping effect, lower series resistance and improved current collection. The module is most suitable for utility projects.

Other modules on display include the:

Vertex N NEG19RC.20, a 620W bifacial dual glass module with maximum efficiency of 23.1%;Vertex N NEG20C.20, a 645W bifacial dual glass module with maximum efficiency of 22.8%;Vertex DE19R, a mono-facial 585W monocrystalline module with efficiency up to 21.6%.

Besides featuring the latest technology in the market, Trina Solar’s Vertex modules are also showcasing cutting-edge technology tailored to withstand Pakistan’s diverse climate. Rigorous performance trials, including static mechanical load testing, non-uniform snow-load testing, extreme low-temperature mechanical load testing, hail testing, extreme dynamic mechanical load (DML) testing and extreme wind tunnel testing, ensure the modules’ resilience against the harshest elements. This robust testing protocol not only aligns with the specific extreme weather challenges in Pakistan but also guarantees the reliability and durability of Trina Solar modules under varying climatic conditions. Certifications from globally renowned third-party organizations such as UL in North America and TUV Rhineland in Europe affirm their quality and performance.

As part of its comprehensive suite of renewable energy solutions, Trina Solar will also showcase for the first time in Pakistan the latest TrinaStorage product, Elementa 2, a 4.07MWh capacity energy storage system designed for utility-scale projects. It features Trina’s proprietary 306Ah lithium iron phosphate (LFP) cell which has an expected lifetime of 12,000 cycles. Its highly integrated design not only reduces footprint, but also demonstrates intelligent management of its liquid cooling system and rack-level battery management. Backed by a significant in-house battery cell manufacturing capacity, TrinaStorage has emerged as a Tier 1 Global Energy Storage provider, providing independent power producers (IPPs) with containerized storage solutions, positioning it as an indispensable partner for EPCs and developers.

In summary, Trina Solar’s presence in Pakistan signifies a milestone in advancing renewable energy solutions. With cutting-edge technologies showcased at the Solar Pakistan exhibition, including high-power modules and the innovative TrinaStorage Elementa 2, Trina Solar reaffirms its commitment to becoming a total solutions provider for renewable energy.

Trina Solar’s stand at Solar Pakistan is in Hall 1 booth B1-7.

About Trina Solar

Founded in 1997, Trina Solar Co., Ltd. (stock symbol: Trina Solar; stock code: 688599) is mainly engaged in PV products, PV systems and smart energy. PV products include R&D, production and sales of PV modules. PV systems consist of power stations and system products. Smart energy mainly comprises PV power generation and operation & maintenance, smart solutions for energy storage, smart microgrid, and development and sales of multi-energy systems. With the strategic goal of “Creating a new industrial ecosystem led by Trina Solar, and promoting Trina Solar as a leader in smart PV and energy storage solutions “, we are committed to leading the way in smart PV and energy storage solutions and facilitating the transformation of new power systems for a net-zero future. On June 10, 2020, Trina Solar was listed on the Science and Technology Innovation Board (STAR Market) of the Shanghai Stock Exchange (SSE). It is the first PV and energy storage company that has gone public on the STAR Market providing PV products and systems, as well as smart energy.

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SOURCE Trina Solar Energy Development Pte. Ltd.

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RWA.LTD Announces Comprehensive Consumer Goods Token Ecosystem Layout at Hong Kong Web3 Festival, Leading the Launch of the Consumer RWA Alliance

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HONG KONG, April 24, 2026 /PRNewswire/ — During the Hong Kong Web3 Festival, RWA.LTD, the world’s first platform dedicated to consumer goods RWA (Real World Assets), officially announced the completion of its comprehensive consumer goods token ecosystem layout. At the event, the platform spearheaded the unveiling of the “Consumer RWA Alliance”. Positioned as the “Asian Consumer Goods Asset Trading Center,” RWA.LTD aims to enhance consumption efficiency through AI, reconstruct value distribution via Web3, and connect cross-city and cross-country consumer networks through tokens to accelerate the arrival of the “Smarter Consumer” era.

RWA.LTD stated that consumer goods RWA is not a single product, but a set of new infrastructure developed around consumption scenarios, the circulation of consumer rights, and brand interaction. Since CEO Fu, Rao Tony first proposed the concept of “Consumer Goods RWA” in late 2024, the team simultaneously prepared the RWA.LTD platform and completed Beta testing in September 2025. Following several months of iteration, the platform completed a comprehensive upgrade in mid-March 2026, marking RWA.LTD’s formal transition from the proof-of-concept stage to the ecological development stage.

RWA.LTD Ecosystem

In this public announcement, RWA.LTD systematically disclosed its four major ecological sectors for the first time. First, RWA.LTD | Mall (Winpoint Mall) was officially launched during the Hong Kong Web3 Festival, providing consumers with diverse brand rights driven by RWA Coin; current offerings include the CDAA (Chartered Digital Asset Analyst) Course, Matrix E-commerce Services, and more. Second, RWA.LTD | Exchange was fully launched in mid-March 2026 as a primary issuance and secondary trading market for consumer goods tokens, with plans to list 100 types of consumer goods tokens within the year to provide bidirectional exposure for brands and users. Third, RWA.LTD | Fund plans to collaborate with established VC funds to focus on brand token ecosystem construction and explore new paths for the synergistic development of consumer brands and on-chain capital. Fourth, RWA.LTD | Bot (rwaclaw.ai, rwabot.ai) has completed domain layout and is currently under development; it will provide consumers with real-time AI price comparisons, intelligent recommendations, and automated ordering tools to enhance decision-making efficiency and consumer experience.

RWA.LTD believes that the traditional consumer market has long suffered from information asymmetry, price opacity, and inactive membership systems, while the combination of blockchain and AI provides a new consumption model. By standardizing, digitizing, and placing consumer rights on-chain, consumers are no longer just end-buyers but can become active participants in the consumption network; brands are no longer limited to one-time interactions with consumers but can build stable, sustainable consumer relationships through on-chain tools.

Consumer RWA Alliance

At the Hong Kong Web3 Festival, the Consumer RWA Alliance, spearheaded by RWA.LTD, was inaugurated. The alliance aims to unite consumer brands, channel platforms, technology service providers, ecological partners, and cross-regional resource providers to jointly promote the co-construction of standards, ecological synergy, and scenario implementation for consumer goods RWA. The alliance members attending the unveiling ceremony included Dr. and Professor Lawrence Yu, Founder and Chairman of the Asia Pacific Economic Leaders’ Confederation; Dr. Wang Ping, President of the RWA Ecological International Federation and Chairman of the Asia Pacific M&A Fund; Dou Jun, Secretary General of the Hong Kong RWA Global Industry Alliance and Executive Secretary General of the Blockchain Professional Committee of the China Communications Industry Association (CCIA); Dr. Yu Jianing, Principal of Uweb Business School (Hong Kong) and Rotating Chairman of the Academic Committee of the Hong Kong Certified Digital Asset Analysts Association (HKCDAA); Dr. Jingle, Founder of Hong Kong Meta Strategy; Dr. Qiu Yueying, CEO of Winchain Technology; Tongjian Sun, CEO of INOVAI TECH K.K.; and Wen Hua, Director of the Australia & New Zealand Center of the Hong Kong RWA Global Industry Alliance, with RWA.LTD CEO Fu, Rao Tony serving as the Chairman. The establishment of the alliance marks an important step for consumer RWA moving from platform exploration to industry collaboration, signifying that the RWA narrative is extending from the relatively singular field of financial assets to the consumer industry which is more closely related to real life.

Industry insiders pointed out that the establishment of the Consumer RWA Alliance holds industry significance beyond platform business. On one hand, it helps break the market’s inherent impression of RWA as being “over-financialized” and encourages the outside world to re-recognize the application value of RWA as digital infrastructure in real consumption scenarios. On the other hand, it provides a new organizational framework for the Asian consumer market, making cross-regional brand cooperation, mutual recognition of consumer rights, and on-chain circulation mechanisms more operational. RWA.LTD stated that it hopes to promote the formation of a more diverse, open, and sustainable RWA world through the alliance mechanism, making RWA not just a synonym for asset securitization, but also a key driver for consumer innovation and industrial upgrading.

Regarding compliance issues of market concern, RWA.LTD provided a brief explanation in this announcement. Consumer goods tokens do not fall within the definition of “virtual assets” under Section 53ZRA of the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), as they are neither payment tokens nor governance tokens. Even if there is overlap in certain characteristics, the relevant tokens can ultimately be defined as “Limited Purpose Digital Tokens” under Section 53ZR of the AMLO, which are explicitly excluded from the scope of “virtual asset” in the AMLO. Based on this, RWA.LTD does not fall within the regulatory scope of the Virtual Asset Trading Platform (VATP) licensing regime. Meanwhile, the U.S. SEC’s previous No-Action Letter to the Fuse project, along with the definition of “Digital Tools” in the regulatory interpretation published on March 17, 2026, further supports the stance that consumer goods tokens are non-securities, non-commodities, and are not regulated under the virtual asset framework. RWA.LTD emphasized that the company consistently adheres to advancing product design and business development within a compliance framework and will continue to monitor regulatory dynamics in different jurisdictions.

The RWA.LTD team possesses a rich international background and overseas market experience, having long followed the development trends of the Web3 and RWA markets in Europe and the United States. The team observed early on that the Asian RWA market has long been concentrated on financial narratives with relatively monotonous scenarios, and platforms that truly integrate deeply with mass consumption and high-frequency lifestyle scenarios remain scarce. Consequently, the team began preparing the consumer goods RWA platform as early as 2024, hoping to take the lead in completing infrastructure, model verification, and resource integration before an industry consensus was formed.

RWA.LTD CEO Fu, Rao Tony pointed out that consumer goods RWA is currently one of the directions most likely to land and scale quickly. Compared to financial RWA, consumer goods RWA has a stronger efficient foundation in terms of compliance structure, user understanding, scenario adaptation, and promotion paths. Its core value lies in using blockchain technology to release liquidity that the consumer industry has long lacked, allowing consumer rights—which were originally fragmented, dormant, non-tradable, or difficult to circulate across regions—to achieve more efficient allocation and redistribution. Through this mechanism, the relationship between brands, platforms, and consumers will be redefined.

Fu, Rao Tony further stated that as the digitalization of the Asian consumer market continues to improve, the combination of consumer RWA and the real consumer industry is expected to release trillion-dollar economic potential in the future. For Hong Kong, this is not just an emerging Web3 track, but could become an important hub connecting international consumer networks with digital asset innovation. Hong Kong possesses unique advantages as an international financial center, an international trade center, and a highland for institutional innovation. If it can take the lead in forming scale synergy in the field of consumer RWA, it has the opportunity to occupy a leading position in the global wave of consumer asset digitalization.

In the future, RWA.LTD will continue to advance its layout around consumer goods RWA infrastructure construction, ecological cooperation expansion, alliance network improvement, and AI consumer tool research and development, exploring new on-chain paradigms for the consumer industry with more brands, institutions, and partners. As the Mall, Exchange, Fund, and Bot sectors gradually mature, RWA.LTD hopes to drive consumer RWA from concept to large-scale application, providing a more efficient, intelligent, and participatory new value network for the Asian and global consumer markets.

About RWA.LTD

RWA.LTD is positioned as the Asian consumer goods asset trading center, committed to enhancing consumption efficiency with AI, reconstructing consumer value distribution with Web3, and establishing cross-city and cross-country consumer alliance networks via tokens. The company focuses on the consumer goods RWA track, continuously promoting the digitalization of consumer rights, the circulation of consumer assets, and the synergy of the consumer ecosystem to explore the future consumption model of “Smarter Consumer”.

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SOURCE RWA.LTD

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Fox ESS Ranks No. 1 Globally in Residential Energy Storage

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WENZHOU, China, April 23, 2026 /CNW/ — Fox ESS, a global leader in renewable energy solutions, has been ranked No. 1 among residential energy storage providers worldwide for 2025, based on MWh shipments in S&P Global Energy’s Residential Energy Storage Market Tracker.

The report also places Fox ESS at No. 1 in Germany and the UK, highlighting the company’s momentum in key markets and expanding distribution footprint.

Compared with 2024, Fox ESS’s global market share rose 50% in 2025, reinforcing its position in a rapidly growing residential storage sector. The company has continued to scale internationally, with global headcount doubling from the end of 2024. As of April 2026, Fox ESS employs more than 5,000 people worldwide, and has added local support through new offices, including in Sydney, Australia.

“We’re thrilled for this remarkable achievement. It reflects our commitment to innovation and product quality, and to making clean, reliable energy practical for households around the world,” said Michael Zhu, CEO of Fox ESS. “We will continue pushing the boundaries to deliver solutions that help homes and businesses move toward energy independence.”

Notably, Fox ESS has launched the Champion’s Choice campaign globally, combining the endorsement of sports champions with recognition from prestigious organizations. With the first stop in Australia, the company signed Ian Thorpe, a five-time Olympic champion last December. The campaign underscores Fox ESS’s ambition to deliver better value for customers and partners.

Fox ESS is committed to building long-term trust with customers and partners. The company delivers reliable, high-quality energy storage systems engineered for consistent performance, supported by rigorous quality-control processes designed to help ensure every product meets the highest standards.

Fox ESS develops solutions that serve both installers and end users. With ongoing investment in R&D, the company stays ahead of evolving market needs, helping installers work more efficiently while enabling homeowners to move toward energy transition and reduce electricity costs.

With a team of more than 400 experts in R&D, Fox ESS continues to refine its product design for easier transportation, installation, and everyday use. The AI-powered FoxCloud app also makes energy management more intuitive, enabling users to monitor and control home energy consumption, manage smart devices, and track detailed generation and usage data in a single streamlined platform, delivering greater peace of mind.

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SOURCE Fox ESS

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Deepvein Mining Tech Wins NY Product Design Gold for Exploration Robotics

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SHANGHAI, April 23, 2026 /PRNewswire/ — Deepvein Mining Tech, a developer of robotic systems for mining operations, has received Gold at the 2026 NY Product Design Awards for its Intelligent Geological Mapping and Geochemical Sampling Quadrupedal Robots, a robotics series developed for mineral exploration in remote and high-risk field environments.

The NY Product Design Awards, organized by the International Awards Associate (IAA), recognize achievements in product design and industrial innovation worldwide.

Mining exploration has become increasingly costly and technically challenging as easily accessible deposits are depleted, particularly in remote and geologically complex regions where fieldwork can be slow, labor-intensive and operationally demanding.

Deepvein’s award-winning robotics series was developed to address those constraints through a combination of quadrupedal robotic hardware and integrated software systems. The solution supports route planning, equipment coordination, sample logging and geological data management, helping standardize field operations and reduce manual workloads.

Designed for geological mapping and geochemical sampling, the robotic units can autonomously perform targeted collection tasks while reducing repeated manual fieldwork. A single operating cycle can gather approximately 30 to 50 samples.

According to deployment data from company-operated mining assets in Africa, exploration data collection cycles were reduced from around 12 months to one week, while overall workflow costs fell by approximately 40%.

Beyond efficiency gains, the use of robotic systems in steep, high-temperature or hard-to-access areas can help reduce personnel exposure to hazardous conditions. Improved targeting and digital workflow management can also limit unnecessary surface disturbance during early-stage exploration.

Deepvein is developing a broader portfolio of mining robotics covering the industry lifecycle, with future applications expected in transport support, inspection, maintenance and site rehabilitation, alongside continued iteration of its exploration-stage systems.

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SOURCE Deepvein Mining Tech

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