Gore Street Energy Storage Fund, London’s first internationally diversified listed energy storage fund, has secured $60 million in financing to develop a 200-megawatt battery storage project in Imperial County, Calif.
Gore Street Energy Storage Fund is a publicly traded battery storage company that builds, owns and operates battery storage projects across the United Kingdom, Ireland, Germany and the United States. The company’s subsidiary, Big Rock ESS Assets, owns the 200-megawatt California battery storage project.
First Citizens Bank’s energy finance business served as lead agent on the $60 million financing package. The financing will support the remaining development of the project and provide Gore Street Energy Storage with additional liquidity for its growing portfolio.
“Big Rock’s strategic location and use of commercially proven Tier 1 technology makes it a valuable addition to Gore Street Energy Storage Fund’s portfolio,” said Mike Loruss