Norton Rose Fulbright advises Gore Street on battery storage
The construction-ready project is one of the largest battery storage projects in Europe and is Gore Street''s largest acquisition to date. The site in Heysham, North West England, is located near the landing point of six offshore wind farms and will support Gore Street''s mission to integrate greater levels of renewable generation using energy storage.
Gore Street snaps up 80MW battery storage asset from RES
Gore Street Energy Storage Fund has acquired an 80MW energy storage project from RES, having also entered into exclusivity with the renewable energy company for over 300MW of assets. The 80MW project – located in Milton Keynes – is construction ready, with all land rights, grid connections and planning consents having already been secured.
UK Roundup: 550MW of BESS acquired by FRV, NESF, Gore Street
Gore Street Energy Storage Fund has acquired a 200MW battery storage project in development by Kona Energy. It marks the stock exchange-listed energy storage investment fund''s single largest project acquisition to date, bringing its total portfolio of contracted or operational battery energy storage system (BESS) assets to 898MW.
Gore Street''s Kilmannock BESS to expand by 90MW
Gore Street Energy Storage Fund''s Kilmannock battery energy storage system (BESS) in Co. Wexford, Ireland, has received an additional grid volume allocation of 90MW, building on the 30MW currently secured. This also saw 1,533MW of solar, six hybrid solar-plus-storage sites consisting of 325MW of solar and 441MW of battery storage and
Avantus Completes Sale of 200-Megawatt Energy Storage Project to Gore
The CAISO project in Imperial County will complement the region''s abundant renewable energy generation, improving grid stability. LOS ANGELES and SAN FRANCISCO, Calif — February 17, 2023 Avantus (formerly 8minute) today announced the sale of Big Rock 1 energy storage project to Gore Street Energy Storage Fund plc (LON: GSF), a London-based
California 200 MW / 400 MWh battery storage project
The Big Rock storage project is a large standalone battery facility adding 200 MW / 400 MWh of storage to the grid. The project will receive contracted revenues from the California Resource Adequacy program. Gore
UK battery storage news from Centrica, Pulse,
A roundup of battery storage news in the UK, with projects from Centrica, Pulse Clean Energy, Habitat Energy and Gore Street, as the country''s operational capacity reaches over 3GW. The flurry of project news, alongside
Gore Street acquires 57MW storage project as it sets sights on
Gore Street Energy Storage Fund has acquired a 57MW construction-ready energy storage project in Leicester. All land rights, grid connections and planning consents have been secured for the project, which is currently scheduled to become operational in 2023. Gore Street will now issue up to 67,883,824 new ordinary shares at a price of 107
How to invest in renewable energy storage funds like GRID
Two of those leading the way, Gresham House Energy Storage and Gore Street Energy Storage, have dividend yields above 5 per cent and posted total returns of 23 and 20 per cent, respectively, over
UK BESS investor Gore Street reports strong
The UK-headquartered battery energy storage fund highlighted the impact of rising short-term inflation, rising interest rates, high foreign exchange (FX) volatility and increasing construction costs on its portfolio.
Castlelake and Gore Street buy big in Texas battery storage market
UK investor Gore Street Capital, through its Gore Street Energy Storage Fund (GSF), has acquired a 75MW/150MWh early-stage battery storage project in the Lone Star State. The project is expected to come online in the second half of 2024, and brings the fund''s total portfolio of projects to 937MW across the UK, Ireland, Germany and US.
Gore Street bags ''stackable'' RA contract for California battery
The project was acquired by Gore Street Energy Storage Fund (which trades under the GSF ticker) in February last year and will come online in December 2024.. The RA contract is worth over US$14 million annually, will start in Summer 2025 and is fully ''stackable'', meaning GSF can still combine it with other revenues from wholesale trading and ancillary
Gore Street gets US$80 million financing increase for California
London Stock Exchange-listed Gore Street Energy Storage Fund (GSF) has secured a US$80 million increase in debt facilities for its battery storage projects. The fund, overseen by renewable energy equity investor Gore Street Capital, has upsized two existing facilities with lenders First Citizens Bank and Banco Santander, it said in a regulatory
50MW largest battery storage system in Northern Ireland switched
A 50MW battery storage site in Northern Ireland, UK, has been energised by developer Low Carbon and investment fund Gore Street Energy Storage Fund. The lithium-ion project, located at Drumkee, County Tyrone, is being lauded as the country''s largest energy storage project and is to serve the Single Electricity Market. It was completed on time
50MW largest battery storage system in Northern
A 50MW battery storage site in Northern Ireland, UK, has been energised by developer Low Carbon and investment fund Gore Street Energy Storage Fund. The lithium-ion project, located at Drumkee, County Tyrone, is
Gore Street Energy Storage Fund plc | Full Year Results
Rapid advancements in battery technology have enabled grid-scale battery storage systems to emerge as a key solution to solar and wind intermittency, as well as to serve as a pivotal tool in avoiding major grid outages and blackouts. Business Model. Gore Street is a pure-play energy storage investor.
Gore Street, LS Energy Solutions in Tie-up for
The pair''s Big Rock battery energy storage system (BESS) will be in Imperial County, Southern California, providing power for grid-balancing ancillary services and capacity for resource adequacy (RA) to the California
UK ROUNDUP: CIP''s 1.5GW approvals, Home
Gore Street Energy Storage Fund has joined other battery energy storage system (BESS) investors in expressing concerns over the current challenges regarding low revenue in the GB market. Both Harmony Energy Income Trust and Gresham House Energy Storage Fund have expressed their concerns over the low revenues many across the GB BESS market are
gore street capital Archives
Gore Street Energy Storage Fund will provide a Goldman Sachs subsidiary with power from its Big Rock BESS in California via a 12-year, fixed price Resource Adequacy (RA) contract. Battery storage thrives on energy market volatility meaning there will be good years and bad years, a panellist at Solar Media''s Renewable Energy Revenues
Gore Street, LS Energy Solutions'' 400MWh CAISO BESS
Gore Street''s Lower Road BESS project in England, UK.. Image: Gore Street. UK listed energy storage investor-developer Gore Street Energy Storage Fund and system integrator LS Energy Solutions are partnering on a 200MW/400MWh battery storage project in California.
UK BESS investor Gore Street reports strong
The UK-headquartered battery energy storage fund highlighted the impact of rising short-term inflation, rising interest rates, high foreign exchange (FX) volatility and increasing construction costs on its portfolio. During the period, Gore Street Energy Storage Fund''s total portfolio increased to 698.2MW from 628.5MW as of 31 March 2022.
Gore Street''s battery storage fund underwhelms in debut issue
In March this year Gore Street Energy Storage Fund became the UK''s first listed fund targeting energy storage specifically, seeking to raise £100 million to invest in a diversified portfolio of utility-scale energy storage projects in the UK, North America and Western Europe.
Gore Street Energy to acquire 200-MW battery project in California
In its first investment in California, Gore Street Energy Storage Fund PLC (LON:GSF) has agreed to acquire the 200-MW/400-MWh Big Rock energy storage project in Imperial County. Gore Street Energy to acquire 200-MW
Gore Street cutting dividend for energy storage fund
As Energy-Storage.news reported in May, the firm saw a 5% increase in revenues in the year to 31 March 2024, largely down to its diversification with the projects in Ireland and Texas offsetting falls in the UK and Germany.. In its full audited results, it confirmed the £41.4 million (US$53.7 million) revenue figure for the year and revealed that operational
Gore Street''s 80MW Stony battery asset to energise in July
Gore Street Energy Storage Fund has confirmed that energisation for a 79.9MW battery storage asset in Milton Keynes is set to begin on 31 July. In its latest portfolio and trading update, the fund said the energisation process of the Stony asset has been scheduled with National Grid ESO. Once completed, the site will bring the company''s total
Avantus Completes Sale of 200-Megawatt Energy
The CAISO project in Imperial County will complement the region''s abundant renewable energy generation, improving grid stability. LOS ANGELES and SAN FRANCISCO, Calif — February 17, 2023 Avantus
Gore Street Capital acquires 200MW battery storage
UK-listed Gore Street Energy Storage Fund has acquired its first asset in California, a 200MW/400MWh battery energy storage system project from developer Avantus. The two-hour duration project, called Big Rock, is in