The first projects under this fund are expected to sign agreements in mid-2026, with initial delivery targets set for the last quarter of 2026. The fund aims to deploy over 12 GWh of battery energy storage projects, which will benefit the 27 EU member states, with no less than 80% of the projects located within the EU. Gabriele Buccini, Head of Trina Storage Europe, stated that the company will provide the fund with technical and industry expertise.
Gabriele Buccini noted, "We look forward to combining the expertise of both parties, leveraging Trina's technology and execution capabilities to help achieve this goal. We are committed to meeting the growing demand for BESS in EU member states and supporting Gore Street Capital's global business expansion." He added, "Partnering with Gore Street Capital to support EU energy storage projects fills us with confidence, thanks to the notable success of its listed energy storage fund and the participation of renowned partners like the European Investment Fund and the Ireland Strategic Investment Fund."
Gore Street Capital expects the total size of the fund and co-investments to reach €1 billion by the end of 2026. Alicja Kowalewska‑Montfort, Managing Director of Storage at the company, said the team is pleased to welcome Trina to its third dedicated storage fund, which will help expand the Gore Street platform in Europe. She emphasized, "This fund is built on our strong track record in developing, constructing, and operating battery storage assets, supported by deep market insights and integrated capabilities in construction, asset management, and energy trading."
Alicja Kowalewska‑Montfort further explained, "The EU BESS Fund focuses on delivering high-quality projects to enhance energy resilience and system flexibility in EU member states while expanding regional deployment. Trina Storage's recent achievement of a 6 GWh delivery milestone in Europe, its global business footprint, and in-house manufacturing capabilities for battery cells, cabinets, and power conversion systems demonstrate its status as a high-quality partner. This also reflects the growing scale and maturity of the European energy storage market." In January 2026, Gore Street Capital had already announced the successful first close of its EU GS Fund SCSp, which also focuses on the European energy storage sector.
