Trina Storage and Gore Street Capital partner on EU battery storage fund

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.