Gore Street's Drumkee battery, which has been operational since March. Image: Gore Street Energy Storage Fund.
Gore Street Energy Storage Fund has acquired an 80MW energy storage project from RES, having also entered into exclusivity with the renewable energy company for over 300MW of assets.
The 80MW project – located in Milton Keynes – is construction ready, with all land rights, grid connections and planning consents having already been secured.
Gore Street is expecting the total capex of the project to be c.£30 million spread over the next 12 – 15 months, with the asset scheduled to become operational in Q1 2023, although the company is exploring timeline optimisation to potentially bring this forward.