About Gore Street Capital
Our Investment Philosophy
Sustainability is part of our DNA
Gore Street Capital focuses on investments that are poised to take advantage of opportunities presented by the ongoing transition to low carbon energy. New markets are constantly emerging within the evolving global energy landscape. We want to continue to be a global leader and market driver in renewable energy solutions to help accelerate the transition to a more sustainable world.
The investment team evaluates global opportunities based on system need and regulatory frameworks that deliver positive market conditions for renewable solutions. Our portfolio and unique expertise deliver energy security for consumers while addressing the regulatory and technological challenges inherent to early-stage market development.
Gore Street targets projects with sound returns and limited technology risks, including operational assets and those with manageable construction risks.
We work closely with partners while leveraging our own expertise, ranging from development through to commercial and asset management, to project management, and performance evaluation.
This allows us to generate sustainable value beyond capital.
Sector Focus
Our Sectors
Renewable energy produced from naturally occurring resources represents the future of our planet. Sunlight, wind, the movement of water and geothermal heat can all be harnessed to produce power without the environmental impact of burning fossil fuels. The transition to these renewable fuels is already underway, particularly in the power sector where deployment of solar panels and wind turbines is rapidly outstripping new fossil fuel power stations. Generation from these technologies needs support to be seamlessly integrated into global grid systems. This is the role of Gore Street Capital’s energy storage assets under management.
Energy Storage Market
Large-scale batteries and other forms of energy storage have emerged to help balance the supply and demand of increasingly diverse generation sources. Rising output from renewable generators leads to higher volatility on the grid, with power flows varying throughout the day. Systems that receive, store, and deliver energy when needed – often in the form of electricity – have developed rapidly to meet the rising demand for flexibility. Use of storage to balance supply and demand maintains the electricity grid system at the correct frequency to help keep the lights on, while ensuring as much renewable generation as possible is used. Governments, grid system operators, technology companies and the investment community have all recognised this value and are facilitating the growth of energy storage technologies.
Our Expertise
The Gore Street Capital team brings together a wide range of skills and knowledge. We are financial professionals, engineers, project managers and thought leaders working collectively to create value for our clients.
Gore Street’s investment professionals have extensive international experience originating, underwriting, closing, monitoring, and exiting investments in funds operating within the firm’s target sectors. This expertise, combined with extensive networks and market insight, allows the team to achieve high-quality and consistent deal flow to successfully execute assets under management through a disciplined investment approach.
We are experts in
Sourcing disruptive technologies in the energy sector.
Developing renewable energy infrastructure projects and managing assets.
Designing and managing strategic deals in a challenging policy environment.
Forming strategic partnerships and working with multiple public and private sector stakeholders in the development of large complex projects.
Our History
December 2023
GSC to enter sixth market with Japan fund
December 2023
GSC to enter sixth market with Japan fund
Gore Street Capital selected by Tokyo Metropolitan Government as joint manager of Japan's first dedicated energy storage fund alongside ITOCHU Corporation.
May 2023
New partnership with CleanTech Challenge
May 2023
New partnership with CleanTech Challenge
Gore Street Capital begins multi-year relationship with the CleanTech Challenge, a student-led contest run by London Business School and University College London to help young innovators develop clean technology concepts into credible businesses.
February 2023
Entering a fifth international market
February 2023
Entering a fifth international market
GSC successfully managed the acquisition by Gore Street Energy Storage Fund of the 200 MW/400 MWh project in California, marking entry into the CAISO grid and a fifth international market.
January 2023
GSC to begin construction on 75 MW in Texas
January 2023
GSC to begin construction on 75 MW in Texas
Gore Street Energy Storage Fund agrees to buy the 75 MW/150 MWh Dogfish project in Texas to grow its presence in the ERCOT market.
December 2022
Increasing sustainability reporting services
December 2022
Increasing sustainability reporting services
GSC assists Gore Street Energy Storage Fund in reporting on first period since adopting Task Force for Climate-Related Financial Disclosures (TCFD) recommendations.
October 2022
Largest acquisition to date
October 2022
Largest acquisition to date
Gore Street Energy Storage Fund agrees purchase of 200 MW project in north of England, marking most significant acquisition to date and strengthening position in Great Britain market.
August 2022
Boosting client ESG reporting
August 2022
Boosting client ESG reporting
GSC contributes to Gore Street Energy Storage Fund’s inaugural ESG and Sustainability Report.
March 2022
International expansion
March 2022
International expansion
Gore Street Energy Storage Fund establishes global presence with acquisitions of the 22 MW Cremzow asset in Germany and a near 70 MW portfolio of operational and construction-ready projects in Texas, US.
September 2021
Portfolio under management tops 500 MW
September 2021
Portfolio under management tops 500 MW
Gore Street Energy Storage Fund portfolio totals 577 MW following the acquisition of a 57 MW construction-ready energy storage project in England.
April 2021
GSC client hits £300m
April 2021
GSC client hits £300m
Gore Street Energy Storage Fund (GSF) reaches £300m following £135m capital raise.
March 2021
Northern Irish assets online
March 2021
Northern Irish assets online
Two 50 MW assets become operational in Northern Ireland, taking operational portfolio to 210 MW across 11 projects in Great Britain and Ireland.
October 2020
Assets under management hit 320 MW
October 2020
Assets under management hit 320 MW
Gore Street Energy Storage Fund (GSF) takes operational assets to 110 MW, and total assets to 320 MW, following 81 MW portfolio acquisition.
January 2020
GSC becomes AIFM
January 2020
GSC becomes AIFM
Gore Street Capital (GSC) is appointed alternative investment fund manager (AIFM) to Gore Street Energy Storage Fund.
July 2019
ISIF Drawdown Available
July 2019
ISIF Drawdown Available
Gore Street Energy Storage Fund confirms investment from the National Treasury Management Agency, the controller and manager of the Ireland Strategic Investment Fund (ISIF).
June 2019
First international expansion
June 2019
First international expansion
Gore Street Energy Storage Fund (GSF) agrees to acquire a 160 MW portfolio in Northern Ireland and the Republic of Ireland to be managed by GSC.
May 2018
Energy storage investment class created
May 2018
Energy storage investment class created
Gore Street Capital creates the UK energy storage investment class, listing Gore Street Energy Storage Fund (GSF) on the premium segment of the London Stock Exchange and raising gross proceeds of £30.6m to fund the acquisition of a 10 MW seed portfolio.
October 2017
First project commissioned
October 2017
First project commissioned
Gore Street Capital commissions the 6 MW/6 MWh Boulby project in North Yorkshire, believed to have been the largest lithium-ion battery delivering grid balancing in the world at the time of commissioning.
July 2015
GSC inception
July 2015
GSC inception
Gore Street Capital (GSC) is formed as a global platform to acquire and manage renewable energy solutions, with energy storage chosen as the crucial technology needed for the low carbon energy transition.
Memberships
The Electricity Storage Network
