GSF completes acquisition of 200 MW battery energy storage project in California

Date February 20, 2023
Type M&A Transactions
Subtype Transaction completed
Countries (USA) United States of America
Subsectors Energy Storage
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Gore Street Energy Storage Fund plc (GSF) has completed the acquisition of a 200 MW/400 MWh Big Rock battery energy storage facility located in Imperial County, California in USA from Avantus. 

The construction-ready energy storage facility has secured material land rights, planning consents, and a grid connection scheduled for H2 2024. Commercial operations will commence shortly thereafter as a battery supply contract for all battery cells for the two-hour duration site, and engineering procurement and integration contracts have been secured.

GSF plans to develop the project for a total investment of US$110 million including the acquisition cost, capital expenditure, development fees, and milestone payments to date for an EPC contract of all battery cells. 

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