Gore Street Energy Storage Fund has agreed a deal to use Arenko’s Nimbus software across its operational portfolio, the companies have revealed exclusively to Solar Power Portal.
Energy storage fund investment manager Gore Street has released its full-year results, highlighting the way internationalisation allowed it to weather plummeting revenues in the UK.
International diversification helped the Fund, which trades on the London Stock Exchange under the GSF ticker, maintain average revenues across its portfolio.
UK-headquartered battery storage investor-developer Gore Street is using battery data analytics solutions to manage risk and get improved insurance terms on projects in its portfolio.
Gore Street Energy Storage Fund has joined other BESS investors in expressing concerns over the current challenges regarding low revenue in the GB market.
Gore Street Energy Storage Fund’s international assets generated 2.6 times more revenue than their British counterparts as NAV per share fell by 2.3%, according to results from the first half of the company’s financial year.