According to EnergyTrend, on February 24, at the European Energy Storage Summit held in London, Trina Energy Storage announced a strategic cooperation with Gore Street Capital (GSC), a globally renowned energy storage private equity investment institution, to jointly participate in the development of the EU BESS Fund. The total planned investment scale is expected to reach 1 billion euros (approximately 8.1 billion yuan).
The EU BESS Fund is a newly established private equity fund dedicated to battery energy storage systems (BESS) across the 27 EU member states. Trina Energy Storage has formally committed to investing in the fund, joining hands with financial institutions including the European Investment Fund and Ireland Strategic Investment Fund. Leveraging its core strengths in system integration, technological innovation and project delivery, Trina Energy Storage will fully support the fund in developing and implementing energy storage projects across the European market.
The two parties will conduct in-depth collaboration in project development, technology implementation and long-term operation in line with local demand in the European energy storage market, accelerating the construction and commissioning of a new batch of energy storage projects. Based on concluded cooperation and future investment plans, Gore Street Capital expects the fund’s total size and co-investment volume to reach 1 billion euros by the end of this year.
Under the plan, the fund’s first batch of projects is expected to be signed by mid-2026, with the first phase of deliveries starting in the fourth quarter of 2026. Over 80% of the fund’s investment and operational layout will be concentrated within the EU. The overall goal is to deploy more than 12 GWh of energy storage capacity across the European Union, further enhancing the stability, flexibility and regulation efficiency of the regional power system and supporting Europe’s energy transition.
Source：EnergyTrend