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.
Despite macroeconomic challenges, Gore Street’s asset value surged 45% over the six months from 31 March 2022, as ancillary service revenues stayed strong.