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Citywire, Industry News

UK’s first ‘battery’ fund targets income investors and 7% yield

two years ago

The rapid development of renewable energy is creating a new income investment opportunity with the planned flotation of the UK’s first energy storage fund.

The Gore Street Energy Storage Fund (GSF) is looking to raise £100 million in a stock market flotation next month. The investment company will use the money to roll out a network of lithium batteries in which renewable power from the grid can be stored.

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