Gore Street Energy Storage (GB:GSF) has released an update.
Gore Street Energy Storage Fund PLC reports a robust performance for the fiscal year ended 31 March 2024, with a notable increase in revenue, EBITDA, and operational capacity. The Company’s diversified approach, which spans different geographic markets and regulatory environments, has led to a consistent revenue of £15.1 per MW/hr and an EBITDA margin of c.69%. Despite UK market challenges, global operations have driven growth, with a 45% year-on-year increase in energised capacity and a trend of rising dividend covers, reflecting the company’s positive trajectory and operational success.
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