Gore Street Energy Storage Fund acquires 57 MW energy storage facility in England

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Gore Street Energy Storage Fund, has acquired a 57 MW energy storage project located in Leicester, England.

The ready-to-build project is expected to reach its commercial operation by 2023. The project will be connected to UK's National Grid through the main transmission network rather than the local distribution network. It allows for the project to operate without an intermediary distribution network operator.

The energy storage facility represents about GBP22 million (US$29.80 million) of investment. 

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