Energy Storage News•about 1 month ago
UK’s Gore Street closes European battery storage fund, sees ‘improved economics of LDES’
Key Takeaway
Gore Street's new EU fund signals significant capital influx and improved economics for battery storage, particularly LDES, driving new development opportunities and market evolution for developers and large power consumers.
AI Summary
- •Gore Street Capital has launched a new fund (GS EU Fund SCSp) specifically for battery storage investments across the European Union, indicating a significant influx of capital into the sector.
- •The fund's first close signals increased development opportunities for battery storage projects, particularly within the EU market.
- •The article highlights 'improved economics of Long-Duration Energy Storage (LDES),' suggesting a more favorable investment climate and potential for greater grid stability and reliability, which benefits developers and large power consumers.
- •This new capital flow is expected to accelerate battery storage deployment in the EU, potentially impacting energy market dynamics and offering new avenues for large power consumers to optimize energy procurement and resilience.
Topics
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