The CEOs of Fluence, Gore Street, Gresham House and six others have penned an open letter calling on policy makers in Europe to set adequate targets and policy frameworks for the deployment of energy storage. The co-signatories said they welcomed the REPowerEU plan’s ambitious renewable targets and recognition of energy storage’s role in delivering sustainable […]
Gore Street Energy Storage fund proposes £75m capital raise to acquire ‘pipeline’ of investments – EQ Mag Pro
Clarifies gearing change. Gore Street Energy Storage fund has announced the details of a share issuance programme that seeks to raise £75m to be able to acquire and construct new energy storage projects. The fund will issue 68,181,818 new ordinary shares at a price of 110 pence per share, by way of an initial placing, […]
Gore Street buys 90% stake in 22-MW/28-MWh battery in Germany – EQ Mag Pro
Gore Street Energy Storage Fund plc (LON:GSF) said on Friday that it has finalised the acquisition of a 90% stake in a 22-MW/28-MWh operational battery in Cremzow, Germany, in line with its strategy to expand its operations outside of the UK and Ireland. The UK-based storage-focused fund bought the stake from Enel X Germany GmbH, […]
Gore Street acquires 90% of German energy storage site amid global expansion plans – EQ Mag Pro
Gore Street has completed the acquisition of a 90% stake in a 28MWh operational energy storage asset in Cremzow, Germany, as the company plans to “aggressively” pursue certain international markets. Cremzow has been operating since 2019, providing balancing and frequency services across eight countries and eleven associated Transmission Network Operators in the European grid system. […]
RES Offloads 80 MW Storage to Gore Street
Construction-ready energy storage project in Milton Keynes in England is slated to go live by Q1 2023 RES has completed the sale of an 80MW energy storage project in the UK to Gore Street. The construction-ready energy storage project is located in Milton Keynes, England and has an expected total capital expenditure of £30m spread […]
Gore Street fills storage coffers
Share issuance raises £135m to finance further investments for the UK-listed fund. Gore Street Energy Storage Fund has raised £135m (€156m) through a share issuance, with the proceeds to be used to fund further investments. A total of 132,352,941 new ordinary shares have been issued at a price of £1.02 a share. The shares are […]