Gore Street Energy Storage Fund Plc has executed a fixed-price, turnkey Engineering, Procurement and Construction (EPC) contract, and a long-term Operations and Maintenance (O&M) contract, with Fluence, for the Company's 30 MW Porterstown energy storage project located in Kildare County, Ireland.
Under the EPC and O&M contracts, Fluence has committed to construct the project at a fixed price by specified completion date, to provide for performance (including back to back stringent DS3 services warranties), energy degradation, and availability warranties, and to operate the projects for up to 15 years. The project is expected to be operational by the Q3 of 2021.
The Porterstown 30 MW project will benefit from the new "Delivering a Secure Sustainable Electricity System" (DS3) program and will generate revenue from the program for a full 6-year fixed contract period.
In addition, Gore Street Energy Storage Fund has applied to increase the total capacity of the 30 MW Porterstown and the 30 MW Kilmannock project, from the original total capacity of 60 MW to up to 180 MW.
