Gore Street Energy launches capital raise

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By Sam Kerr
30 Nov 2020

Gore Street Energy Storage Fund, is seeking to raise up to £60m, to buy new energy storage projects, following on from fellow battery fund Gresham House that priced a deal last week.

JP Morgan and Shore Capital are acting as bookrunners on the transaction.

The company intends to sell up to 60m new shares at £1 each. The deal will be an initial placing and the company intends to do subsequent deals, selling up to 250m new shares.  

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