Gore Street raises £150M and targets 900MW of new GB storage

Energy storage specialist Gore Street has raised £150 million in a new share issue.
The company claimed that institutional and retail investor demand was “substantially more” than the initial issue and as a result it increased the target size from £75 million.
The proceeds will be used to acquire and construct 900MW of new projects in Great Britain, along with 100MW in Europe and 375MW in North America and 100 MW in Europe.
Alex O’Cinneide, CEO of Gore Street Capital Limited, the Company’s investment manager, said the company had grown 18-fold since its initial public offering in May 2018 and added, “we plan to grow it further”.

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