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Manager appointed as co-manager for Japanese fund
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: [email protected] 

 

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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