Gore Street, London’s first energy storage fund supporting the transition to low carbon power, will acquire a portfolio of eight energy-storage assets in Texas from Perfect Power Solutions Texas (PPST), a portfolio company of SER Capital Partners, and an affiliate of Perfect Power.
The portfolio consists of eight 9.9-megawatt storage projects totaling 79.2 megawatts. Three of the projects have been operating since September 2021, and the remaining five should enter operation within 12 months, delivering an expected total portfolio of 160 megawatt hours.
Following the acquisition, the company will have 262 megawatts in operating assets, and a total portfolio of 708 megawatts, including the 28-megawatt-hour German acquisition announced last week. The PPST portfolio is Gore Street’s first U.S. investment, and further diversifies the company’s revenue streams and geographic exposure.
The PPST assets participate in Electric Reliability Council of Texas (ERCOT)
