Renewable Infrastructure Investments
Energy Storage Fund
By ensuring stable grid frequency, we enable increased usage of renewable energy
Problem
The global power grid is extremely constrained with unstable system frequency, high peak demand gaps, thermal and voltage constraints and unpredictable load and generation cycles.
Solution
Energy storage facilities, utilising battery technology, help system operators maintain stable grid frequency and manage local peak demands.
Impact
Increased use of renewable energy, decreased further investment in the grid, replace existing power generation - faster transition to a low-carbon sustainable economy.
Emerging Market Renewable Infastructure
Millions of people will benefit from reliable renewable energy
Gore Street is actively pursuing project and platform investments in developing markets in the area of distributed generation, primarily focused on the commercial & industrial (C&I) segment with a focus on solar plus storage and where economic, grid or behind the meter storage solutions.
Renewable Energy Asset Management
Accelerating the transition to a sustainable economy
Our Cutting Edge Assets
Gore Street Capital is a global platform for the acquisition and management of renewable energy assets globally. The team have a coordinated and leveraged approach to investments in the renewable energy sector, with experienced experts and world-class partners.
Larport
• Acquired in October 2020.
• Aim to stabilise the grid and improve efficiency
• It’s a 19.5MW/19.5MWh front-of-the meter energy storage system
• Grid battery system by BYD
Drumkee
• Commissioned in March 2021 in Northern Ireland
• It’s a 50MW/21.6MWh front-of-the meter energy storage system
• Grid battery system by NEC
Frequently Asked Questions
Your questions, answered
What are Gore Street Capital?
Gore Street Capital (‘GSC’) is an experienced renewable energy and private equity investor. It is the Investment Manager of the publicly listed Gore Street Energy Storage Fund (‘GSF’), which is the first listed pure-play energy storage fund in the UK. Since inception of the Company in 2015, it has increased its assets under management 10-fold to almost £300m, which includes additional assets under management from the Irish Sovereign Wealth Fund.
What is energy storage?
Energy storage is the capture of energy produced at one time for use at a later time to reduce imbalances between energy demand and energy production. Energy storage battery owners provide the National Grid with grid balancing services supporting them in dealing with system intermittency; mainly caused by the addition of renewable sources of electricity (like wind and solar).
What are Gore Street Capital's core values?
Gore Street Capital at its core is focused on sustainability. We have a strong regard for diversity and an attention to detail.
When was Gore Street Capital created?
What is Gore Street Capital's AUM?
£293m - December 2020
What are Gore Street Capital's fees from management of Gore Street Fund
The Manager’s fees consist of:
The Advisory Fee: The Investment Manager is entitled to receive an advisory fee from its AUM payable quarterly in arrear calculated at the rate of one-fourth of one per cent. of Adjusted Net Asset Value (the “Advisory Fee”). For these purposes “Adjusted Net Asset Value” means Net Asset Value, minus cash on the Company balance sheet
The Performance fee: If eligible, the Investment Manager will receive a sum equal to ten per cent. of such amount (if positive) by which Net Asset Value (before subtracting any accrued performance fee) at the end of a Calculation Period exceeds the Benchmark of 7 per cent. provided always that in respect of any financial period of the Company (being 1 April to 31 March each year) the performance fee payable to the Investment Manager shall never exceed an amount equal to 50 per cent. of the Advisory Fee in respect of that period.
In addition, the Investment Manager is paid a fee of £75,000 per annum for AIFM services, an annual accounts administration fee of approximately £6,000 per energy storage asset and a corporate services fee of £124,596 per annum.