Our first fund was launched during a period of steep declines in the levelized cost of energy (LCOE) in Asia following China’s solar manufacturing boom, which enabled grid parity and catalyzed early-stage innovation. The convergence of market and government incentives transformed electrification economics, while upstream EV technologies outpaced downstream infrastructure. TRIREC capitalized on these trends by backing foundational ventures in solar, storage, and mobility in U.S. and SEA - laying the groundwork for future infrastructure.