Gore Street Energy Storage Fund is the only UK-listed energy storage fund with a diversified portfolio located across five electrical grids.
The Fund is overseen by a
highly experienced Investment Management Team, with a successful track
record working across energy and infrastructure. It has successfully acquired and managed storage assets on behalf of the Company in the UK, Ireland, Western
Europe, and the United States.
Investment Proposition
The Fund invests in a diversified portfolio of utility scale energy storage projects located in the British grid system and internationally. It targets a sustainable and attractive dividend over the long term and seeks to provide investors with an element of capital growth.
- Established technology: - the lithium-ion battery is a well-established technology that enables multiple revenue streams stacked within a single asset. Batteries have up to 15-years warranty from suppliers, however, the fund is ultimately agnostic towards energy storage technology.
- Large pipeline: - GSF has a strong project pipeline from its wide industry network.
- High yield: - the Company targets an attractive dividend of 7.0 pence per Ordinary Share for the financial year with distributions on a quarterly basis, subject to market conditions and performance, financial position and outlook, and fiscal environment. For the 2024/25 financial year, the profile and quantum of dividend distributions will be more closely aligned with operational and other cashflows rather than NAV. A dividend of 1.0 pence per Ordinary Share is targeted for each of the first three quarters of the financial year. It is intended the amount of the final quarterly dividend (announced in June and paid in July) will make up the balance of the annual dividend target subject to cash flows at the time.
- Blue chip: - commercial partners and strong strategic partnerships.
- Experienced Investment Manager: - with a track record in storage and extensive experience and expertise in sourcing, structuring and managing large renewable energy projects globally.
- High quality independent Board - Patrick Cox (Chair), Caroline Banszky, Malcom (Max) King, Thomas Murley and Lisa Scenna.
RNS Announcements
-
Upsizing of Debt Facilities
15 November 2024 -
Capital Markets Event
04 November 2024 -
12-year Fixed-Price Stackable Contract Secured
18 October 2024
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