Gore Street Energy Storage Fund PLC Manager appointed as co-manager for Japanese fund
December 04 2023 - 1:05AM
RNS Non-Regulatory
TIDMGSF
Gore Street Energy Storage Fund PLC
04 December 2023
04 December 2023
Gore Street Energy Storage Fund plc
(the "Company" or "GSF")
Investment Manager appointed as co-manager of Japan's first
energy storage fund
Gore Street Energy Storage Fund plc, the internationally
diversified energy storage fund, is pleased to share that its
Investment Manager, Gore Street Capital ("GSC" or "Investment
Manager"), has been selected as the co-manager of Japan's first
dedicated fund for grid storage batteries , with the Tokyo
Metropolitan Government as the cornerstone investor.
The Tokyo Metropolitan Government will contribute Yen2bn
(GBP10.6m) to the fund within the current fiscal year ending 31
March 2024. GSC will draw on its extensive technical expertise to
support the fund's energy storage asset selection, construction,
and operation.
Pat Cox, Chair of the Company, commented:
"We are pleased that Gore Street Capital has been selected as
co-manager of this fund alongside ITOCHU, recognising its position
as a leader within the energy storage sector. The Investment
Manager has built a specialist platform for energy storage, which
now comprises over 40 professionals across three countries.
"Gore Street Capital remains well-placed and crucially
well-resourced to continue supporting GSF. We look forward to
seeing GSC leverage its unique experience and strong track record
of successfully entering new markets and subsequently operating
assets in these markets as it begins this new venture with the
Japanese storage fund."
For further information:
Gore Street Capital Limited
Alex O'Cinneide / Paula Travesso Tel: +44 (0) 20 3826 0290
Shore Capital (Joint Corporate Broker)
Anita Ghanekar / Rose Ramsden / Iain Sexton (Corporate Advisory)
Tel: +44 (0) 20 7408 4090
Fiona Conroy (Corporate Broking)
J.P. Morgan Cazenove (Joint Corporate Broker) Tel: +44 203 493
8000
William Simmonds / Jérémie Birnbaum (Corporate Finance) Tel: +44
(0) 20 3493 8000
Buchanan (Media Enquiries)
Charles Ryland / Henry Wilson / George Beale Tel: +44 (0) 20
7466 5000
Email: gorestreet@buchanan.uk.com
Notes to Editors
About Gore Street Energy Storage Fund plc
Gore Street is London's first listed and internationally
diversified energy storage fund dedicated to the low-carbon
transition. It seeks to provide Shareholders with sustainable
returns from their investment in a diversified portfolio of
utility-scale energy storage projects. In addition to growth
through increasing operational capacity and a considerable
pipeline, the Company aims to deliver consistent and robust
dividend yield as income distributions to its Shareholders.
https://www.gsenergystoragefund.com
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END
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