Trina Storage, a unit of the Changzhou-based solar manufacturer Trina Solar Co Ltd., has committed to invest in UK renewable energy and private equity investment manager Gore Street Capital’s (GSC) new private fund focused on battery energy storage systems (BESS) across the EU 27.

The partnership was unveiled at the Energy Storage Summit in London on Tuesday, Feb 24. Trina Storage will join other investors in the fund including the European Investment Fund and the Irish Strategic Investment Fund.

According to the announcement, Trina Storage will bring its system expertise, execution capability and long-term technical delivery.

The announcement also revealed that the venture is targeting a total size of €1 billion (US$1.18 billion) including primary commitments and co-investments by the end of 2026. In terms of activity, it is targeting long-term battery energy storage system (BESS) deployments of 12GWh across the continent.

The fund’s first project signatures are expected mid-year, with initial project deliveries targeted for Q4 2026, Trina said.

GSC expects the size of its EU BESS Fund and co-investment to reach EUR 1 billion (USD 1.17bn) by the end of the year. The fund will target over 12 GWh in total BESS deployments.

“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,” said Gabriele Buccini, Head of Trina Storage Europe. “We look forward to leveraging our shared expertise and providing Trina’s technological and executional know-how to help achieve our ambitious targets.”

“Trina’s recently announced milestone of 6 GWh 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,” commented Alicja Kowalewska‑Montfort, Managing Director Energy Storage at Gore Street Capital.

Speaking to Energy-Storage.news at the event, Gore Street Capital’s director of asset management Daniel Sherlock‑Burke gave more details on the rationale and plans for the fund:

“It’s a private fund, so it attracts different kinds of capital to a public fund. The fund will focus on the EU and already has advanced pipeline in the Republic of Ireland and Poland, which we expect to execute against in the near term. Initial target markets for the fund will be Germany, Ireland, Poland, Iberia and Italy.”

“We’re really excited about the Trina engagement and their involvement as an equity partner.”

Gore Street Capital is a fund manager and adviser mainly known for the UK-focused Gore Street Energy Storage Fund (GSF). GSF has invested primarily in GB and Ireland with a handful of smaller assets in Germany and Texas, plus a 200MW/400MWh system in California.

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