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    Home > Chemicals Industry > International Chemical > The world's first energy storage fund to be listed on the London Stock Exchange raises £100 million

    The world's first energy storage fund to be listed on the London Stock Exchange raises £100 million

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    A few days ago, the world's first energy storage fund has announced plans to list on
    the London market.

    The world's first energy storage fund to be listed on the London Stock Exchange raises £100 million

    Private equity firm Gore Street Capital is looking to raise £100 million from an initial public offering on the London Stock Exchange to invest in utility-scale energy storage projects
    .

    With global grids constrained by peak demand gaps and unpredictable load and generation cycles, Gore Street Capital said energy storage facilities using battery technology can help system operators maintain stable grid frequencies and manage local peak demand
    .

    Patrick Cox, Chairman of Gore Street Capital, said: "Given the increasing penetration of renewables into international energy consumption and the ongoing move away from fossil fuel power generation, we believe investment in energy storage projects will deliver strong returns
    .
    The first-mover advantage in UK energy storage will help us achieve
    this through an asset base that delivers high yielding returns.

    A few days ago, the world's first energy storage fund has announced plans to list on
    the London market.

    energy storage

    The world's first energy storage fund to be listed on the London Stock Exchange raises £100 million

    The world's first energy storage fund to be listed on the London Stock Exchange raises £100 million

    Private equity firm Gore Street Capital is looking to raise £100 million from an initial public offering on the London Stock Exchange to invest in utility-scale energy storage projects
    .

    With global grids constrained by peak demand gaps and unpredictable load and generation cycles, Gore Street Capital said energy storage facilities using battery technology can help system operators maintain stable grid frequencies and manage local peak demand
    .

    Patrick Cox, Chairman of Gore Street Capital, said: "Given the increasing penetration of renewables into international energy consumption and the ongoing move away from fossil fuel power generation, we believe investment in energy storage projects will deliver strong returns
    .
    The first-mover advantage in UK energy storage will help us achieve
    this through an asset base that delivers high yielding returns.

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