Schroders Greencoat has signed a strategic memorandum of understanding with battery manufacturer CATL and infrastructure investor Lochpine Capital to jointly explore, develop, and invest in battery energy storage projects across Europe.

The partnership targets the potential development of up to 10GWh of renewable energy storage capacity over time, as institutional capital increasingly shifts towards infrastructure assets that support Europe’s energy transition.

Under the agreement, the three parties will work together to create an investment platform focused on European battery energy storage systems. CATL will supply battery technology under the framework, while Schroders Greencoat and Lochpine will draw on their investment and infrastructure expertise.

The MoU was signed as Schroders Group chief executive Richard Oldfield visited Beijing as part of a UK business delegation led by Prime Minister Sir Keir Starmer, aimed at strengthening trade and investment links between the UK and China. The signing was witnessed by Lucy Rigby, the UK’s Economic Secretary to the Treasury.

Schroders Greencoat forms part of Schroders Capital, the group’s private markets arm, which manages $111bn in assets. The infrastructure platform oversees around 450 renewable assets globally, with more than 7.7GW of net generation capacity.

“Accelerating Europe’s energy transition requires the deployment of significant amounts of capital,” Richard Nourse, chair of infrastructure at Schroders Capital, said in a statement. “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.”

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