NEC to supply 19MW battery storage to listed storage fund

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Listed fund Gore Street Energy Storage has awarded NEC Energy Solutions contracts to supply battery storage for two projects totalling 19MW.

One is a 10MW in front of the meter project, the other a behind the meter asset at Port of Tilbury.

Construction on both projects will start in the coming weeks and they will be operational by mid-2019.

The fund said the projects will deliver IRRs of between 10-12%.

Under the EPC contracts, NEC will provide a 15-year warranty as well as capacity and availability assurance.

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