Trina Storage and Gore Street Capital partner on EU battery storage fund
By Global Infrastructure Sherpa · Feb 24, 2026
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 EU BESS Fund aims to support deployment of more than 12GWh of projects and is expected to reach €1bn by the end of the year.
Deal Analysis
Trina Storage and Gore Street Capital have partnered to launch a new private fund, the EU BESS Fund, focused on battery storage projects across the European Union. Trina Storage will contribute investment, system expertise, and delivery capabilities. The fund aims to deploy over 12GWh of battery storage capacity and is projected to reach €1 billion by the end of the year. The Irish Strategic Investment Fund and the European Investment Fund are also investors in the fund.
This partnership represents a significant commitment to expanding battery storage infrastructure within the EU. The scale of the fund, targeting €1 billion in investment and 12GWh of deployment, underscores the growing demand for energy storage solutions to support the integration of renewable energy sources and enhance grid stability. The involvement of established players like Trina Storage and Gore Street Capital, alongside institutional investors, signals confidence in the long-term potential of the European battery storage market.
- Partnership between Trina Storage and Gore Street Capital.
- Targeting €1 billion fund size.
- Aims to deploy over 12GWh of battery storage across the EU.
- Involvement of Irish Strategic Investment Fund and European Investment Fund.
Market Context: The European battery storage market is experiencing rapid growth, driven by the increasing adoption of renewable energy sources and the need for grid stabilization. Battery storage systems play a critical role in addressing the intermittency of renewables and ensuring a reliable electricity supply.
Source Intelligence
KEY DETAILS
first project signatures due mid-year and initial deliveries targeted for the fourth quarter of 2026.
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Deal Size
GSC expects the fund and co-investment to reach €1bn by the end of the year
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Capacity
aims to support deployment of more than 12GWh of projects
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Location
battery storage across the EU
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Announcement
24 February 2026
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Expected Close
GSC expects the fund and co-investment to reach €1bn by the end of the year
PARTIES MENTIONED IN SOURCE
T
Trina Storage
investor
"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."
G
Gore Street Capital
investor
"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."
E
European Investment Fund
investor
"The company said it will join partners including the European Investment Fund and the Irish Strategic Investment Fund in the EU BESS Fund"
I
Irish Strategic Investment Fund
investor
"The company said it will join partners including the European Investment Fund and the Irish Strategic Investment Fund in the EU BESS Fund"
high quality
Enriched Feb 24, 2026
Market Context
This deal is part of the Battery Storage sector in EU.
1 of 84 Battery Storage deals tracked this month · Updated daily
Global Infrastructure Sherpa