Company
Gore Street Energy Storage Fund PLC
LON:GSF
Gore Street Energy Storage Fund PLC is the first UK and Ireland pure play energy storage fund, targeting a 7% yield. Building a diversified portfolio of projects, the Fund already has several operational assets in the portfolio and multiple revenue streams in place. The Fund is overseen by a highly experienced Investment Management Team, with a total of over 75 years of private equity and asset management experience. The investment team's track-record is predominantly focused on energy and infrastructure and also has successfully acquired and managed storage assets in the UK.
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Gore Street Energy Storage battery portfolio performs better than expected in Q4
Four of eight agreed acquisitions in the US have been completed, with the remaining four expected in the coming months
Gore Street Energy Storage Fund to raise £75mln to fund investments
The fund’s investment manager has identified a pipeline of investments with a total project size of over 1.3 gigawatts in the UK and internationally
Gore Street looks to triple in size as renewable energy battery sector booms
A change in the trust's dividend policy is also proposed
Gore Street Energy Storage Fund appoints EPC contractor for Ferrymuir and Stony assets
The assets are scheduled to be energised in the fourth quarter of this year, with both expected to achieve commercial operations in February 2023
Gore Street Energy makes landmark acquisition in the US
The acquired assets participate in the Electric Reliability Council of Texas (ERCOT) which provides electricity to most of the state
Gore Street Energy Storage Fund seals ‘landmark’ acquisition in Germany
“This is a landmark acquisition with compelling fundamentals which not only demonstrates our entry into new markets but also increases our operational cash generating assets, and further diversifies Gore Street's portfolio.”
Gore Street Energy expects high levels of volatility in energy markets in 2022
“Across GB, the company is seeing pricing for its services reach all-time highs from frequency revenue stream opportunities," Alex O’Cinneide, the CEO of Gore Street Capital
Gore Street Energy posts “significant” NAV rise after strong portfolio growth
The energy storage fund said its deal pipeline stands at 1.2GW with 581MW actively under negotiation
Gore Street Energy Storage Fund secures significant boost to grid capacity in Ireland
"Gore Street is in an excellent position to capitalise on this growing demand," said Alex O'Cinneide.
Gore Street Energy Storage Fund revenues boosted amid market volatility
“We are only at the start of the growth curve in our industry, as energy storage continues to play an increasingly vital role in balancing energy systems”
Gore Street Energy Storage Fund raises £73.6mln in oversubscribed placing
The proceeds will be used in a pipeline of over 1-2.5GWh of opportunities
Gore Street Energy Storage Fund acquires construction-ready project in Leicester
It is another significant development for the company, said chief executive Alex O'Cinneide
Gore Street Energy Storage Fund greenlights share sale by Anesco
The restriction on shares issued to Anesco has been lifted early
Gore Street Energy snaps up 80MW project in Milton Keynes
The project is one of the single largest industrial battery assets in the UK
Gore Street Energy doubles value with £135mln fund raise
Gore Street expects to conclude an 80Mw acquisition in coming weeks
Gore Street Energy to raise funds to speed up development of its portfolio
The energy storage fund said shares will be available to retail investors at the same price via the PrimaryBid.com platform.
Gore Street Energy notes growth milestones in portfolio as it secures new financing
The company said that two Northern Ireland sites, Mullavilly and Drumkee, are now complete and generating revenue, adding that it has also secured a £15mln revolving credit facility to support its continued growth
Gore Street Energy sees NAV rise 2.3% in final quarter of 2020
Since the last audit at the end of March 2020, the company's NAV has risen from 94.6p per share to 99.6p, an increase of 5.3%
Gore Street Energy Storage Fund set for revenue boost as it participates in dynamic containment service
“Gore Street is excited to take part in this service which reinforces the benefits of our revenue stacking model, enabling our assets to participate in multiple contracts to generate significant value,” said Alex O'Cinneide
Gore Street Energy Storage upbeat as battery momentum grows
Recent investment from Japanese oil group JXTG underlines the shift in sentiment towards renewables
Gore Street Energy says dividend on track as portfolio grows
Over the six months to end September 2020, the group's net asset value (NAV) per share rose to 97.3p (2019: 94.6p)
Gore Street Energy's £60mln fundraise significantly oversubscribed
The new shares were priced at 100p and will be admitted to trading December. 16, 2020
Gore Street Energy kicks off expansion programme with £60mln fund raise
Following this initial raise, Gore Street intends to issue up to a further 250mln shares
Gore Street Energy Storage energises 50Mw Drumkee project
100Mw of the group's Irish portfolio is expected to be operational in the first quarter of 2021
Gore Street Energy sets out plans for major expansion
Gore Street has a pipeline of opportunities with a capacity of 1.3Gw
Archive
Proactive news headlines: AdEPT Technology, AFC Energy, Gore Street Energy Storage...
A glance at some of the day's highlights from the Proactive Investors newswire
Gore Street Energy enlists Fluence to develop its Porterstown project
Fluence has committed to construct the project at a fixed price by a specified completion date and to operate the projects for up to 15 years.
Gore Street Energy Storage Fund boosts operating assets with £28.2mln deal
“These cash-generating projects further reinforce the company's dividend cover and materially enhance company earnings".
Gore Street Energy Storage Fund asset value rises 1.7%
The dividend for the quarter is 2p, which is in line with the fund’s annual target of 7p.
Gore Street Energy Storage believes it's time for batteries to shine in renewable transition
Renewable assets are all about cashflow and less the underlying NAV
Gore Street Energy welcomes green light for larger battery projects in England and Wales
The change will allow larger projects to receive planning permission without government approval
Gore Street Energy returns over 10% as battery usage ramps up
During the year, the trust raised £20.5mln with an additional £23.7mln raised since the end of the year
Gore Street Energy Storage Fund confirms strong support for recent fundraise, garnering total gross proceeds of £23.7mln
Alex O'Cinneide, CEO of Gore Street Capital, the company's investment manager said: "The level of investor demand for both the Placing and the PrimaryBid Offer has exceeded our expectations"
Gore Street Energy Storage agrees exclusivity on further 131Mw of capacity
The assets include 81Mw of capacity that are already operating and generating cash
Gore Street Energy acquires first project in Scotland
The acquisition of this project brings Gore Street's total portfolio size to 239MW, the largest of any UK-based manager, the company noted.
Gore Street Energy Storage receives investment from Japanese oil major
The subscription from JXTG provides the basis for a long-term collaboration, the investment group said
Gore Street Energy Storage Fund says construction has resumed at Northern Ireland projects
Construction is slated to complete by December 2020 which leaves time for the projects to be completed within targeted schedules
Gore Street Energy Storage to meet dividend commitment as operations continue
"Energy storage assets continue to provide a critical service to the grid in maintaining its stability”
Gore Street Energy Storage Fund aims to generate solid returns for investors
The recent £3.5mln fundraiser by the Gore Street Energy Storage Fund was notable in that it was the result of “inbound institutional interest”. In other words, the firm received an unsolicited offer of cash from the investment community tha
Gore Street Energy evaluating 140Mw UK investment portfolio
The growth in NAV reflects the rising interest in batteries and renewable energy to combat climate change
Hardware & electrical equipment
Gore Street Energy Storage Fund is putting its money to work
"This has been an exciting time for Gore Street in executing our London listing and successfully raising proceeds to meet the demand for our considerable pipeline."
Batteries pivotal to power supply solution, believes Gore Street Energy Storage
Energy storage through batteries will have a key role in meeting electricity supply challenges in the UK