Business
Interim Results
Interim Results.
About this update from Gore Street Energy Storage Fund Plc
[{"type":"text","content":"\n \nRNS Number : 8441G Gore Street Energy Storage Fund PLC 09 November 2018 \n\n9 November 2018\nGore Street Energy Storage Fund Plc\n('Gore Street' or the 'Company')\nMaiden Interim Results, NAV and Dividend Declaration\nHalf Yearly Report and Financial Statements for the period from 19 January 2018 (incorporation date) to 30 September 2018\nOperational Highlights\n· On 25 May 2018, Gore Street successfully listed on the Premium segment of the London stock exchange, raising gross proceeds of £30.6m\n· Approximately 50% of the IPO proceeds already invested or committed across four assets\n· Gore Street's portfolio comprises:\no Two assets fully operational and producing income with 8 MW of installed capacity\no Two shovel-ready projects with 19 MW of installed capacity. These are expected to be operational in Q2 2019. Engineering, Procurement & Construction (EPC) contracts have been agreed on both assets\nPipeline\n· A robust pipeline of significant investment opportunities with multiple partners:\n\n\n\n\nExclusive Assets or in advanced stage of negotiations\n\n\n\n\nProject\n\n\nLocation\n\n\nType of project (FTM / BTM)[1]\n\n\nTotal Project Size (MW)\n\n\n\n\nProject 1\n\n\nUnited Kingdom\n\n\nFTM - Lithium-ion technology\n\n\n30.0\n\n\n\n\nProject 2\n\n\nBelgium\n\n\nFTM - Lithium-ion technology\n\n\n25.0\n\n\n\n\nProject 3\n\n\nGermany\n\n\nFTM - Flow technology\n\n\n11.0\n\n\n\n\nTotal 66.0 MW\n\n\n\n\n \n\n\n\n\nAdditional Pipeline\n\n\n\n\nProject\n\n\nLocation\n\n\nType of project \n\n\nTotal Project Size (MW)\n\n\n\n\nProject 4\n\n\nUnited Kingdom\n\n\nFTM - Lithium-ion technology\n\n\n49.0\n\n\n\n\nProject 5\n\n\nUnited Kingdom\n\n\nFTM - Lithium-ion technology\n\n\n45.0\n\n\n\n\nProject 6\n\n\nUnited States \n\n\nFTM - Lithium-ion technology\n\n\n30.0\n\n\n\n\nProject 7\n\n\nUnited Kingdom\n\n\nFTM - Lithium-ion technology\n\n\n20.0\n\n\n\n\nProject 8\n\n\nUnited Kingdom\n\n\nFTM - Lithium-ion technology\n\n\n7.5\n\n\n\n\nTotal 151.5 MW\n\n\n\n\n \nFinancial Highlights\n· NAV per ordinary share of 97.0 pence as at 30 September 2018\n· Share price as of 28 September 2018[2] of 99.75 pence\n· Portfolio[3] valuation of £8....