Gore Street Energy Storage Fund PLC (LSE:GSF) has reported a reduction in net asset value, with NAV per share falling to 90.1 pence following updates to third-party revenue assumptions for both the UK and US energy storage markets.
Despite the valuation adjustment, the fund continued to expand its operational footprint during the period, increasing total installed capacity to 643.1 MW. The company also declared dividends that were fully supported by cash generated from operations, underscoring the resilience of its underlying assets.
Management is pursuing a range of initiatives aimed at improving performance, including revenue optimisation measures, cost reduction efforts and selective asset augmentation. The fund is also leveraging its proprietary GSET trading platform to enhance returns across its portfolio. Longer term, demand for battery storage is expected to remain strong, supported by the continued rollout of renewable energy and favourable regulatory frameworks.
While revenue volatility and margin pressure remain challenges, Gore Street benefits from a solid balance sheet, recent capacity growth and a comparatively high dividend yield. These factors contribute to its appeal among income-focused investors, even as operational efficiency remains a key area of focus.
More about Gore Street Energy Storage
Gore Street Energy Storage Fund PLC operates in the battery energy storage sector, investing in and managing battery energy storage systems designed to support grid stability and efficiency. The company’s portfolio plays a key role in enabling the integration of renewable energy across power networks.
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