LS Energy Solutions and Gore Street Energy Storage Fund Partner on 200 MW/400 MWh Energy Storage Project
September 07 2023 - 7:00AM
LS Energy Solutions (“LS-ES”), a leading provider of grid-connected
energy storage solutions, announced today that the company is
deploying 200 MW/400 MWh of energy storage to a site in Southern
California. Gore Street Energy Storage Fund (LON: GSF) is
developing the Imperial County project, named Big Rock, which will
use 137 AiON-ESS units in the largest LS-ES installation yet. The
site will provide resource adequacy (RA) and ancillary services to
the CAISO market, contributing to a more reliable grid for one of
the world’s largest power grids.
The all-in-one AiON-ESS containers at Big Rock can store energy
for two-hour duration and, like other AiON-ESS Energy Series
installations, integrate DC and AC components inside each container
and provide AC output ready to be fed into medium voltage
transformers. Each unit has a power rating of 1.5 MW and can store
3.5 MWh. Along with tier-1 lithium-ion batteries, the 137
containers include over 1,300 of LS-ES’s modular 140 kVA AiON-SIS
string inverters.
The site will be one of the largest energy storage projects in
Imperial County and joins over 5.6 GW of energy storage serving
CAISO, California’s grid operator. Big Rock will be operated at 100
MW of deliverability to supply 400 MWh and meet the four-hour
discharge needs of an RA contract. This management by Gore Street
Capital, the Investment Manager of GSF, will contribute to the
available capacity and reserves needed by CAISO to maintain supply
and demand in real time.
“The Big Rock energy storage system is a major step forward for
Gore Street Energy Storage Fund and for LS Energy Solutions. GSF
has amassed an impressive energy storage portfolio in the UK,
mainland Europe and the US, with assets in Texas and California. We
are thrilled to partner with the Company on its first large scale
system in the US,” said Steve Fludder, CEO and President of LS
Energy Solutions.
“We are also very grateful for our partnership with Avantus and
look forward to working with them during project completion.”
Gore Street Energy Storage Fund acquired the Big Rock site in
February 2023 from Avantus, which will continue to provide
administrative and development services for the installation. Big
Rock joins other energy storage investments by the Gore Street
Energy Storage Fund in Texas, Ireland, Great Britain, and
Germany.
Alex O’Cinneide, CEO of Gore Street Capital, said: “The Big Rock
project marks GSF’s most recent acquisition, and the Company’s
biggest to date. As the Investment Manager, we are thrilled to have
the project in our portfolio under management and to work with LS
Energy Solutions in bringing the project to fruition.
“As the Company’s first project in California, Big Rock will be
an important addition to the CAISO grid, helping to deliver
stability to a rapidly decarbonising energy system. Our in-house
technical team is looking forward to working with LS-ES and its
containerised units as construction at Big Rock progresses, and
we’re excited to participate in the CAISO market.”
In addition to supplying AiON-ESS containers, LS-ES also expects
to provide commissioning support and operational services including
extended warranty, preventative maintenance, capacity maintenance
and system remote monitoring for the life of the project.
Construction will soon be underway at Big Rock, and the site is
expected to come online in the second half of 2024. The AiON-ESS
containers will join several other deployments of the LS-ES energy
storage in the United States, and the Big Rock announcement follows
the first commercial deployment of the AiON-ESS Energy Series
earlier this year.
Visitors to the RE+ clean energy trade show in Las Vegas
September 11-14 can walk around one of the actual AiON-ESS
containers being used in the Big Rock project. The unit will be on
display at the ACE Engineering booth at 17114, with representatives
of Gore Street Capital also onsite during the event.
About LS Energy SolutionsLS Energy Solutions,
an LS Group company, is a leading provider of grid-connected energy
storage solutions. The company brings over a decade of experience
innovating energy storage and related technologies, from the first
grid-connected lithium-ion storage system to now having over 1.5 GW
and 2.5 GWh deployed across 300 projects. The company offers a
flexible range of battery and power electronics systems for
front-of-the-meter applications, supported by an advanced global
manufacturing and testing infrastructure. LS Energy Solutions is a
convenient and competitive one-stop supplier for energy storage,
from advanced inverters and associated components to fully
integrated all-in-one systems. For more information visit
www.ls-es.com.
About Gore Street Energy Storage FundGore
Street Energy Storage Fund plc (“GSF” or “the Company”) is London’s
first internationally diversified listed energy storage fund,
launched in May 2018. It holds a portfolio totalling 1.17 GW spread
across battery storage facilities in Great Britain and Ireland,
Western Mainland Europe and the US. It is listed on the Premium
Segment of the London Stock Exchange and included in the FTSE
All-Share Index. For more information visit
www.gsenergystoragefund.com
About Gore Street CapitalGore Street Capital
was formed in 2015 as a global platform to acquire and manage
renewable energy solutions. As an experienced renewable energy,
infrastructure, and private equity investment manager, it supports
robust businesses and high-performing assets that contribute
towards the transition to a low-carbon economy.
In 2018, Gore Street Capital created the UK energy storage
investment class, listing Gore Street Energy Storage Fund (LSE:
GSF) on the premium segment of the London Stock Exchange. As the
Investment Manager of GSF, it has played a material impact in the
growth of GSF from £30m to finance the acquisition of a 10 MW seed
portfolio in Great Britain to a market cap of over £502m.
Gore Street Capital comprises a team of almost 40 energy
professionals in GB, Ireland and the US working across finance,
construction, engineering, legal and more as it continually brings
roles in-house to support the fund. It believes energy storage is
crucial in the fight against climate change. For more
information visit www.gorestreetcap.com
Media ContactJustin WilliamsTrevi
Communications for LS Energy Solutionsjustin@trevicomm.com+1 (978)
539-7157
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/c08b8565-72ec-4dae-9dee-32904414c79b
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