Gore?Street Energy Storage Fund plc (GSF), London’s first listed energy storage fund supporting the transition to low carbon power in the UK and internationally, has agreed to acquire a 75 MW/150 MWh energy storage project located in Texas, the US. Following this acquisition, GSF’s internationally diverse portfolio will consist of 26 projects with a total capacity of 973.2 MW in operation and construction across the UK, Ireland, Germany, and the US.
The project will be the company’s largest acquisition in the Electric Reliability Council of Texas (ERCOT) Market to date, and brings the company’s total US port-folio to 144.7 MW. The pre-construction project has secured all land rights, grid connections, and planning consents and is expected to be of two-hour duration. The grid connection is scheduled for 1H24, with commercial…