The Anonymous Widower

When Will Energy Storage Funds Take The Leap To New Technology?

This article on the Motley Fool is entitled 3 UK Dividend Shares To Buy Yielding 6%.

This is a paragraph from the article.

The first company on my list is the Gore Street Energy Storage Fund (LSE: GSF). With a dividend yield of just over 6%, at the time of writing, I think this company looks incredibly attractive as an income investment. It is also an excellent way for me to build exposure to the green energy industry.

Just as everybody has a fridge in their house to stop food being wasted, electricity networks with a lot of intermittent resources like wind and solar, needs a device to store electricity, so that it isn’t wasted.

Gore Street Energy Storage Fund is being very safe and conservative at the current time, often using batteries from one of Elon Musk’s companies.

You can’t fault that, but they are only barely making a dent in the amount of batteries that will be needed.

If we are generating tens of GW of wind energy, then we need batteries at the GWh level, whereas at the moment a typical battery in Gore Street’s portfolio has only an output of a few megawatts. They don’t state the capacity in MWh.

There is this statement on their web site, about the technology they use.

Although the projects comprising the Seed Portfolio utilise lithium-ion batteries and much of the pipeline of investments identified by the Company are also expected to utilise lithium-ion batteries, the Company is generally agnostic about which technology it utilises in its energy storage projects. The Company does not presently see any energy storage technology which is a viable alternative to lithium-ion batteries. However, there are a number of technologies which are being researched which if successfully commercialised, could prove over time more favourable and the Company will closely monitor such developing technologies.

They say they are agnostic about technology and are looking around, but they are sticking with lithium-ion technology.

That technology works, is safe and gives a good return.

But they are at least thinking about moving to new technology.

In the rail industry, it is common for rail leasing companies to get together with train manufacturers or remanufacturers to develop new trains.

As an example, Eversholt Rail and Alstom formed a partnership to develop a hydrogen-powered train for the UK, which I wrote about in Alstom And Eversholt Rail Sign An Agreement For The UK’s First Ever Brand-New Hydrogen Train Fleet.

Worldwide, there are probably upwards of a dozen very promising energy storage technologies, so I am very surprised that energy storage funds, like Gore Street and Gresham House have not announced any development deals.

Conclusion

Energy storage funds could benefit from using some of the financing methods used by rolling stock leasing companies.

December 13, 2021 Posted by | Energy, Energy Storage, Finance | , , , , , , , | 1 Comment

Levelling Up – The Marks & Spencer Way

When I first moved to Dalston, there were three convenient Marks and Spencer stores within a few bus stops.

 

  • Angel, which is a basically a food store with a floor of clothes above, where my grandmother used to shop before the First World and C and I used to shop in the 1970s, when we lived in the Barbican.
  • Moorgate, which is a small department store, with a medium-sized food department in the basement, which I use regularly.
  • Hackney, which was a very small department store with a poor food department, was convenient as on some of my journeys, I would get a bus home  from outside the store.

Over the last ten years, more Marks and Spencer stores have sprung up, Archway, Camden Town, Dalston, Eastfield, Hampstead, Liverpool Street, Old Street and West Hampstead, which I use occasionally, as they are on routes home.

This morning I went to the eye hospital in Colindale and coming home, I got a 32 bus to Brondesbury for the Overground.

As I needed some food, I had various choices of journey home.

  • Get off at West Hampstead and do my shopping there, and then get back on the train.
  • Get off at Hampstead Heath and do my shopping there, with a light lunch in le Pain Quotidien.
  • Get off at Dalston Kingsland and do my shopping there, with a bus home.
  • Get off at Hackney Central and do my shopping there, with a bus home.

Unusually, I chose the last option and got a big surprise.

I had been worried that Marks and Spencer in Hackney would close, but now it has been turned into the most upmarket Marks and Spencer food store, I’ve ever seen.

  • It’s more Knightsbridge. than Hackney
  • It’s large and spacious.
  • There are large ranges of tea and coffee, that you normally don’t see in the store.
  • The decor is localised to the store.
  • It is only about a hundred metres from Hackney Central station and fifty metres on the flat from my bus home.
  • It’s even just called Marks & Spencer Food

Now that’s what I call levelling up!

 

December 13, 2021 Posted by | Design, Food, Transport/Travel | , , , , , , , , | 1 Comment