gore street

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.

Gore Street Energy Storage Fund has secured an additional 385MW of Irish-based energy storage, of which 130MW is operational.

Gore Street Energy Storage Fund has detailed that its portfolio generated an average revenue of £16.1/MWh in January and February.

Gore Street Energy Storage Fund has revealed that its Irish portfolio generated an estimated £25.8/MWh during Q3 of the 2023 financial year.

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.

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%.

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 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 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.