This ‘marmite’ trust is too attractively priced to ignore
Battery energy storage may be blighting Britain’s countryside, but it’s a buy for Questor
As more and more energy generation is derived from renewable sources, it is important to match that with additional energy storage capacity, which can absorb excess power on sunny and windy days, and release it on very short notice when supply drops.
Here in the UK we are well ahead of most other countries in the provision of battery energy storage facilities, the finance for which has come from the private sector. The three London-listed energy storage investment companies have played a significant role in that.
Gore Street Energy Storage is one of these trusts focused on the battery energy storage sector. Its shares are trading on a very wide discount to net asset value (Nav), a stark contrast to competing trust Harmony Energy Income, which has been the subject of a bidding war that drove its share price to a premium.
read more
here
