Gore Street Energy Storage Fund has successfully powered up its 200MW Big Rock battery energy storage system (BESS) in California, marking the company's largest asset to date. The addition of Big Rock brings Gore Street's total energized capacity to over 620MW across five energy grids.
With the energization of Big Rock, Gore Street's capacity has increased by 47%, reaching a total of 621.4MW. The asset has secured a 12-year fixed price contract, known as a Resource Adequacy contract, ensuring a stable and predictable revenue stream for the company.
“ I am pleased to announce the energisation of the Big Rock project in California, marking our successful entry into a fifth energy market and a more than doubling of energised capacity across the portfolio on a MWh basis,” said Alex O'Cinneide, CEO of Gore Street Capital. He added, “With the recent 12-year Resource Adequacy contract secured, the portfolio now benefits from significant contracted income and has surpassed 620MW / 792MWh of energised capacity.
In addition to Big Rock, Gore Street is progressing with the construction of its 75MW Dogfish energy storage asset in Texas, with all major cabling works now complete. The company confirmed that Dogfish is on track to be energized in February.
Meanwhile, the energization of the 57MW Enderby asset in the UK has been delayed due to last-minute transformer inspection requirements imposed by the National Grid. However, Gore Street expects to energize Enderby within the next few weeks.
Once Enderby and Dogfish are fully energized, Gore Street's total portfolio capacity will rise to 753.4MW across five grids.
O'Cinneide noted, “The energised portfolio is expected to soon reach the targeted capacity of 753.4MW / 924.1MWh, with the upcoming energisation of Enderby and Dogfish.” The company's strategic growth highlights its commitment to expanding its energy storage portfolio and delivering long-term, stable income through its assets.
