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About the company
Gore Street Energy Storage Fund plc is a United Kingdom-based internationally diversified energy storage fund dedicated to the low-carbon transition. The Company seeks to provide shareholders with sustainable returns from their investment in a diversified portfolio of utility-scale energy storage projects. In addition to growth through increasing operational capacity and a considerable pipeline, the Company aims to deliver consistent and robust dividend yield as income distributions to its shareholders. The Company intends to invest primarily in energy storage projects using lithium-ion battery technology as such technology is considered by the Company to offer the best risk/ return profile. The Company invests in projects primarily located in the United Kingdom, the Republic of Ireland, North America and Germany. Its portfolio of lithium-ion energy storage investments has a total capacity of approximately 1.17 gigawatts. The Company's investment manager is Gore Street Capital Limited.
- Revenue in GBP (TTM)2.27m
- Net income in GBP-5.66m
- Incorporated2018
- Employees0.00
- LocationGore Street Energy Storage Fund plcThe Scalpel, 18th Floor, 52 Lime StreetLONDON EC4A 3EBUnited KingdomGBR
- Phone+44 20 4551 7860
- Websitehttps://www.gsenergystoragefund.com/
Profile
Management group(s) | Gore Street Capital Limited |
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AIC sector | Renewable Energy Infrastructure |
ISIN | GB00BG0P0V73 |
Launch date | 25 May 2018 |
Share type | Ordinary Share |
Structure | Investment Trust |
Base currency | GBP |
Objective
The investment objective of the Company is to seek to provide investors with a sustainable and attractive dividend over the long term by investing in a diversified portfolio of utility-scale energy storage projects. In addition, the Company seeks to provide investors with an element of capital growth through the re-investment of net cash generated in excess of the target dividend in accordance with the Company's investment policy.
Managed by
Alex O'Cinneide, Suminori Arima |
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Management & contract fees
A management fee is calculated at the rate of one-fourth of 1% of NAV, performance fee of 10% above a hurdle of 7% of NAV, capped at 50% of the advisory fee in the respect of that period.
Peer analysis
Company | Revenue (TTM) | Net income (TTM) |
---|---|---|
Jpmorgan Asia Growth & Income PLC | -1.58m | -5.83m |
Henderson High Income Trust plc | 26.02m | 21.42m |
Real Estate Credit Investments Ltd | 31.36m | 21.86m |
Schroder Japan Trust PLC | 50.89m | 46.93m |
CQS New City High Yield Fund Ltd | 23.30m | 17.90m |
STS Global Income & Growth Trust PLC | 13.66m | 10.38m |
Gore Street Energy Storage Fund PLC | 2.27m | -5.66m |
Gresham House Energy Storage Fund PLC | -100.10m | -110.11m |
Literacy Capital PLC | 29.26m | 20.88m |
Brooks Macdonald Group plc | 128.26m | 6.46m |
Third Point Investors Ltd | 86.73m | 69.55m |
European Assets Trust PLC | 30.34m | 24.76m |
VH Global Sustainable Enrgy Opprtnts PLC | 25.91m | 19.13m |
CT Private Equity Trust PLC | 24.80m | 7.62m |
Baillie Gifford European Growth Trst PLC | 28.58m | 25.14m |
Castelnau Group Ltd | 105.36m | 93.31m |
Institutional shareholders
Holder | Shares | % Held |
---|---|---|
Rathbones Investment Management Ltd.as of 21 May 2024 | 48.68m | 9.64% |
Hargreaves Lansdown Asset Management Ltd.as of 31 Mar 2023 | 22.05m | 4.37% |
EFG Private Bank Ltd.as of 31 Mar 2023 | 18.98m | 3.76% |
Privium Fund Management BVas of 31 Aug 2024 | 13.36m | 2.65% |
Charles Stanley & Co. Ltd. (Investment Management)as of 31 Mar 2023 | 12.68m | 2.51% |
Momentum Global Investment Management Ltd.as of 31 Mar 2023 | 12.68m | 2.51% |
AJ Bell Asset Management Ltd.as of 31 Mar 2023 | 11.68m | 2.31% |
Redmayne-Bentley LLPas of 31 Mar 2023 | 10.97m | 2.17% |
RM Capital Markets Ltd.as of 30 Aug 2024 | 8.23m | 1.63% |
BlackRock Investment Management (UK) Ltd.as of 31 Aug 2024 | 6.69m | 1.32% |