Gore Street Capital was one of the earliest major players in the GB battery energy storage industry and now has 1.2 GW of projects in operation and construction across the globe. The company manages the Gore Street Energy Storage Fund, one of three funds in the UK focusing on battery energy storage. But how did they get to this point, and what does the future hold?

In this episode of Transmission, the founder and CEO of Gore Street Capital, Alex O’Cinneide, joins Q to discuss the history of the fund. Over the course of the conversation, they discuss:

Gore Street Capital’s history, from inception to where it is now, alongside a look at Alex’s thesis for Gore St.
How Gore Street Capital decide which regions to enter - from investment strategy to supply chain.
Why bigger is not always better, and how they make design durations for the battery energy storage systems they build.
Alex’s views on what is going on in the world of battery investment and what’s happened to battery revenues in Great Britain.
How climate change is directly affecting how batteries are operated in locations like ERCOT and Ireland.
Gore Street's approach to using optimizers and some of the strategies being deployed

Timestamps

00:00 Intro

01:06 Introduction to Alex and Gore Street Capital

09:29 Formation of Gore Street Capital

17:35 Strategic Moves as an Investor

28:28 What is NAV?

35:38 Fall in GB Revenues

41:34 Growing Internationally

49:59 Discussion on Optimizers

54:24 Alex's Contrarian View

About our guest

Gore Street Capital is one of the most experienced energy storage asset managers, having identified the nascent technology in 2016 as crucial to the energy transition. They manage the Gore Street Energy Storage Fund, London’s first listed energy storage fund, listed in 2018. To find out more about Gore Street Capital, head to their website.

About Modo Energy

Modo Energy provides benchmarking, forecasts, data, and insights for new energy assets - all in one place.

Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain and ERCOT.

All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different energy systems work.

Building a global energy storage fund with Alex O'Cinneide (Founder & CEO @ Gore Street Capital)

Transmission