Gore Street Launches European Battery Storage Fund Amid Declining Costs
Gore Street has launched a European battery storage fund aimed at leveraging declining battery costs driven by technological advancements. The firm, known for its UK-focused investments, is expanding into the European market, which is becoming increasingly attractive due to government-backed capacity procurement schemes and EU funding, particularly in Southern and Eastern Europe. Notable projects in Italy, Poland, and Belgium are expected to provide significant energy storage capabilities.

Gore Street has launched a European battery storage fund to capitalize on declining battery costs due to technological advancements and economies of scale. The firm is known for its UK-focused Gore Street Energy Storage Fund (GSF), which has invested mainly in Great Britain and Ireland, with additional assets in Germany and Texas, including a 200MW/400MWh system in California.
The European market has become increasingly attractive for large-scale energy storage investments, supported by long-term government-backed capacity procurement schemes. Notable examples include MACSE in Italy and capacity markets in Italy, Poland, and Belgium.
Projects in these regions typically offer 4 to 8 hours of duration. Southern and Eastern European countries benefit from EU funding schemes, while the Baltics and Nordics operate under a merchant business model due to high ancillary service prices.




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