Gore Street sees net income surge 191% as average revenue for assets increases by 68%
Gore Street saw its net income increase by 191% over the year to 31 March 2022, whilst the EBITDA of its operational portfolio surged 704%.
Articles tagged with: Gore Street
‘Considerable demand’ sees Gore Street raise double its target in £150m initial issue
Gore Street Energy Storage Fund has raised gross proceeds of £150 million from an initial issue, which is to be used to pursue its 1.3GW pipeline.
Gore Street proposes £75m fundraise to pursue 1.3GW pipeline
Gore Street Energy Storage Fund is looking to raise £75 million via the issue of 68,181,818 new ordinary shares to fund the acquisition and construction of a new pipeline.
Gore Street looks to further global expansion efforts as it eyes new fundraise
Gore Street Energy Storage Fund is eyeing changes that would allow it to invest a greater percentage of its assets into projects outside of the UK and Republic of Ireland.
Nidec ASI chosen as EPC provider for 129.8MW of Gore Street battery storage
Gore Street has signed a deal with Nidec ASI for the provision of engineering, procurement and construction (EPC) services for the 49.9MW Ferrymuir and 79.9MW Stony battery storage sites.
Gore Street acquires portfolio of Texan assets as it continues international push
Gore Street has acquired a portfolio of eight energy storage assets in Texas, as it continues to target international expansion.
Gore Street acquires German energy storage site amid global expansion plans
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.
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.
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1.5GW of Irish PV to receive grid connection offers through ECP process
Eirgrid and ESB Networks have released the full list of renewable energy projects to receive grid connection offers in Ireland through their enduring connection policy (ECP) process, with solar PV representing the majority of these.
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.
Gore Street raises £135m to fund 1.3GW development pipeline
A potential 80MW acquisition - plus Gore Street Energy Storage Fund's 1.3GW development pipeline - is to be funded by the net proceeds of the company's latest £135 million fundraise.
Gore Street doubles operational portfolio to 210MW as it secures £15m RCF
Gore Street Energy Storage Fund’s two Northern Ireland batteries have been completed, taking its operational portfolio up to 210MW.
Gore Street to fund acquisitions from 1.3GW pipeline with £60m oversubscribed fundraise
Gore Street Energy Storage Fund has raised gross proceeds of £60 million from an initial placing, offer for subscription and intermediaries offer.
Gore Street NAV up 1.7% as Ireland assets continue construction on time
Gore Street Energy Storage Fund’s NAV has risen by 1.7% in its latest quarterly results.
Gore street raises £23.7 million to pursue 150MW pipeline
Gore Street Energy Storage Fund has raised £23.7 million through a new share placing.
Gore Street makes 50MW acquisition following £2.9m JXTG investment
Gore Street Energy Storage Fund has sealed the deal to acquire a 100% interest in a 50MW energy storage system in Scotland.
Gore Street halts all construction of new assets due to COVID-19
Gore Street Energy Storage Fund has suspended all construction on assets currently in the works as it also announces the completion of Lower Road.
Gore Street raises £3.5m to fund UK and international pipeline
Gore Street Energy Storage Fund has raised gross proceeds of £3.5 million through a new placing of ordinary shares.
Gore Street switches on 9MW Port of Tilbury battery
Gore Street’s 9MW Port of Tilbury battery has been switched on, almost doubling the size of the energy storage fund’s operational asset base to 19MW.
Gore Street secures sovereign wealth fund backing for 60MW Republic of Ireland storage duo
Gore Street Energy Storage Fund has received a £9.5 million boost for two storage projects recently awarded contracts in the DS3 flexibility market.
Gresham House raises £100 million for energy storage fund to enter stock exchange
Gresham House has raised £100 million to drive its energy storage fund onto the London Stock Exchange, half the amount planned last month but enough to progress plans to acquire a 70MW seed portfolio.
Gore Street fund makes new battery acquisitions with 19MW pair from Origami Energy
Gore Street, the UK’s first listed fund targeting energy storage specifically, has acquired two battery storage projects from Origami Energy, taking its portfolio to 29MW across four projects.