Gore Street Energises Two Batteries
2025-02-25 10:32
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Wedoany.com Report-Feb 25, Gore Street Energy Storage Fund plc has activated its remaining battery assets under construction, including a 75MW facility in the US and a 57MW facility in the UK. The Dogfish battery in Texas and the Enderby battery in the UK are now operational, bringing the company’s total energized capacity to 753.4MW.

These assets are set to begin generating revenue by the end of June in the first quarter of the upcoming financial year, FY25/26. The completion of these projects strengthens Gore Street’s presence in energy storage, with non-UK assets now accounting for 61% of its total energized portfolio, measured in megawatts. This shift underscores the company’s focus on expanding its operations across international markets.

The Dogfish facility, located in Texas, represents a significant step in Gore Street’s US operations, with its 75MW capacity contributing to the region’s energy storage capabilities. Meanwhile, the Enderby facility in the UK adds 57MW to the company’s domestic portfolio, enhancing its infrastructure within the country. Together, these sites increase the company’s ability to support energy needs in their respective regions.

Gore Street’s leadership has emphasized the importance of this milestone. A company spokesperson noted: "The energising of these assets marks a key moment in our growth, reflecting our commitment to delivering reliable energy storage solutions." The facilities are expected to play a vital role in stabilizing energy supply and meeting demand as they transition to full revenue-generating status.

The updated portfolio capacity of 753.4MW positions Gore Street as a notable player in the energy storage sector. With the majority of its energized assets now located outside the UK, the company demonstrates a strategic approach to diversification. The 61% share of non-UK assets highlights its efforts to broaden its geographic footprint, particularly in the US market.

Both the Dogfish and Enderby batteries were completed on schedule, aligning with the company’s plans for FY25/26. By June, these sites will contribute to Gore Street’s financial performance, supporting its long-term objectives in the energy storage industry. The projects reflect careful planning and execution, ensuring that technical and operational standards were met during construction and energization.

This development builds on Gore Street’s existing network of energy storage facilities, reinforcing its capacity to address energy challenges in multiple regions. The activation of these assets in Texas and the UK marks a steady progression in the company’s efforts to expand and optimize its portfolio, maintaining a balanced approach to growth across different markets.

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