GF, a fund that trades under the ticker GSF, has managed a portfolio of 291.6MW of battery energy storage system (BESS) projects, generating 2.6x more revenue than GB (UK excluding Northern Ireland) and generating nearly three times more than GB. The fund, which originally invested in projects in the GB before diversifying into Ireland, Germany, and the US last year, saw its BESS assets generate £7.54/MW/hour in GB compared to £19.66 per hour outside of GB. Meanwhile, GSF’s NAV per share decreased by 2.3% to 112.9p compared to 115.6p as of 31 March, 2023. The company attributed this decrease to the macroeconomic landscape of macroeconomic conditions, including an increase in base interest rates affecting the clean energy sector. The only currently operational US assets are distributed-scale systems in the ERCOT, Texas market (9.9MW and under), which GSF has seen high revenues. The 9th annual Energy Storage Summit EU in London will be hosted by Solar Media’s publisher, Solar Media, will be held in February 2024.
Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating
