RCS - Gore Street Energy - Manager appointed as co-manager for Japanese fund

Gore Street Energy Storage FundAnnouncement

04/12/2023 07:15

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RNS Number : 4687V  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 ¥2bn (£10.6m) 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 (https://www.gsenergystoragefund.com/)

 

 

 

 

 

 

 

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