Trina Storage has partnered with Gore Street Capital on a new private fund dedicated to battery storage across the EU, committing to invest and provide system expertise and delivery capability.
The company said it will join partners including the European Investment Fund and the Irish Strategic Investment Fund in the EU BESS Fund, which aims to support deployment of more than 12GWh of projects.
It added that GSC expects the fund and co-investment to reach €1bn by the end of the year, with first project signatures due mid-year and initial deliveries targeted for the fourth quarter of 2026.
Gabriele Buccini, head of Trina Storage Europe, said: “We are extremely pleased to be joining forces with Gore Street Capital to support the next generation of EU energy storage projects. The listed Gore Street Energy Storage Fund has delivered a rare level of success, and this gives us confidence in this new EU BESS Fund, alongside prestigious partners like Gore Street Capital, the European Investment Fund and the Irish Strategic Investment Fund. We look forward to leveraging our shared expertise and providing Trina’s technological and executional know-how to help achieve our ambitious targets. We are committed to support the growing demand for BESS across EU member states and Gore Street Capital in their other global ventures.”
Alicja Kowalewska-Montfort, managing director energy storage at Gore Street Capital, said: “We are pleased to welcome Trina into our third dedicated energy storage fund as we continue to scale the Gore Street platform across Europe. This fund builds on our strong track record in originating, constructing and operating battery storage assets, supported by deep market insight and integrated construction, asset management and energy trading capabilities. The EU BESS Fund is focused on delivering high-quality projects that enhance energy resilience and system flexibility across EU member states, as we expand deployment across the region. Trina’s recently announced milestone of 6GWh of European deliveries, worldwide presence, and in-house cell, cabinet and power-conversion system manufacturing underlines their position as a high-quality partner and reflects the growing scale and maturity of the European storage market.”