Schroders Greencoat entered a memorandum of understanding with battery maker CATL and Lochpine Capital to jointly invest in European energy storage projects.
The three firms intend to launch a joint investment platform for European battery energy storage, aiming to develop up to 10GWh of storage capacity over time. Under this framework, CATL will serve as the battery supplier.
Richard Nourse, chair of infrastructure, Schroders Capital, said: “Accelerating Europe’s energy transition requires the deployment of significant amounts of capital.
“We look forward to working with Lochpine to provide investors with innovative ways to broaden access and investment into battery energy storage and other energy transition related infrastructure.”
James Wang, CIO, CATL, said: “CATL places great importance on the significant growth potential of Europe’s zero‑carbon market.
“It aims to promote and catalyse investment in Europe’s energy transition through a specialised fund management platform, further strengthening cooperation between China and Europe in advancing zero‑carbon initiatives.”
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