Gore Street Energy Storage Fund PLC, announces its intention to launch an initial public offering.
It was announced that Gore Street Energy Storage Fund PLC, the UK’s first pure play energy storage fund, will launch an initial public offering on the Premium Segment of the Main Market of the London Stock Exchange.
The Company seeks to provide investors with a sustainable and attractive dividend over the long term by investing in a diversified portfolio of utility-scale energy storage projects primarily located in the UK, although the Company will also consider projects in North America and Western Europe.
Hugo Chandler of New Resource Partners comments, “This is the UK first for battery energy storage, and signals one route for investors to get exposure to the smart energy asset class. Just as was the case for renewables, we expect to see more and more of this sort of fund emerging.”