NEC to supply 19MW battery storage to listed storage fund


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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