Gore Street Energy’s £60mln Fundraise Significantly Oversubscribed
The title of this post, is the same as that of this article on Proactive Investors.
Surprise! Surprise!
Well not to me! Or I suspect Which!
This article on Which is entitled Solar Panel Battery Popularity Is Booming: Should You Buy One?
I have read the article and it leaves, the overall impression, that the UK population are thinking seriously about adding batteries to their solar panels.
So if the UK population is thinking seriously about personal energy storage, it would be very surprising if professional fund managers weren’t thinking the same.
After all, I did write World’s Largest Wind Farm Attracts Huge Backing From Insurance Giant, over two years ago.
So if we’re operating and commissioning offshore wind farms like these.
- Dogger Bank – 4.8 MW
- Gwynt y Mor – 576 MW
- East Anglia Array – 7.2 GW
- Hornsea – 6 GW
- London Array – 630 MW
- Walney – 1.7 GW
- Whitelee – 539 MW
We’re going to need some humungous batteries to tide us through calm periods.
As I write this post on a Monday afternoon, the UK is generating 11.5 GW of electricity by wind, which is more than we’re generating by biomass, coal and nuclear combined.
This is a quote from Alex O’Cinneide, who is Gore Street Capital’s chief executive, in the Proactive Investors article.
We are looking forward to deploying this capital against our significant global pipeline of 1.3GW and towards the capital expenditure requirements in the company’s existing 440MW portfolio.
Gore Street certainly seem to be expanding, their portfolio of batteries.
Conclusion
The City of London has discovered renewable energy and found a way to fund it, to the benefit of all investors, from the guy with a pension managed by a reputable company to global insurance companies, funds and other companies, who have billions of pounds, dollars or euros, that needs a profitable home.
The next big development will come, when a company like Gore Street goes Giga and decide to fund Gigawatt batteries being developed by the next generation of energy storage companies, like Gravitricity, Highview Power, Siemens Ganesa and Zinc8.
Start-up Bags $7m To Bring Tourists To Edge Of Space On A Balloon
The title of this post is the same as that of this article on SiliconRepublic.
This paragraph describes it.
The start-up aims to use a series of space balloons – attached with a pressurised capsule – to fly equipment and tourists to the edge of space on a six hour flight. The company’s first test flight of its Neptune 1 craft is expected towards the end of Q1 2021 from NASA’s Kennedy Space Center Shuttle Landing Facility. While the first test will consist of an uncrewed, unpressurised capsule, Space Perspective hopes to begin crewed operations by 2024.
What a concept!
- It’s affordable edge of space travel for all!
- Learn more from their web site.
- From the pictures, it looks like each trip would carry about ten passengers, in normal clothes,
- I can see lots of these installed over the world.
- When can I book, a trip on one of these from Central London? Or from somewhere in say the mountains of Switzerland?
On this page of their web site, they describe a typical flight.
Flown by a pilot, Neptune takes up to eight passengers called “Explorers” on a six-hour journey to the edge of space and safely back, where only 20 people have been before. It will carry people and research payloads on a two-hour gentle ascent above 99% of the Earth’s atmosphere to 100,000 feet, where it cruises above the Earth for up to two hours allowing passengers to share their experience via social media and with their fellow Explorers. Neptune then makes a two-hour descent under the balloon and splashes down, where a ship retrieves the passengers, the capsule, and the balloon. Neptune’s commercial human spaceflight launches are regulated by the FAA Office of Commercial Spaceflight.
Note.
I’ve already flown at 60,000 feet in an aircraft. In Concorde!
Even a humble Airbus A320 can fly at 41,000 feet.
Splashdown in the Thames Estuary or Lake Geneva? Why not?
No-one ever had a worthwhile idea or made a useful fortune by thinking with the herd.
Equinor and SSE Renewables’ Dogger Bank Wind Farm Reaches Financial Close
The title of this post, is the same as that of this article on Energy Global.
It is a very matter of fact article to record the fact that SSE and Equinor have raised three billion pounds for the first two sections of their 3.6 GW wind farm on the Dogger Bank, in the middle of the North Sea.
Wikipedia indicates, they will be operational around 2023-2025.
All very boring! But we’ll see a lot more deals like this.
Green Jet Fuel Plant Developers’ Ioy As World Economic Forum Backs Method As Best Aviation Solution
The title of this post, is the same as that of this article on Business Live.
This is the first paragraph.
The World Economic Forum has backed sustainable aviation fuel as the most promising decarbonation policy for aviation, delighting the developers of a £350 million refinery on the Humber.
I bet Velocys are delighted.
I also think, that, the biodiesel, that they can produce, is a short term solution to the decarbonisation of rail freight and the heaviest vehicles powered by diesel.
It’s so much better than throwing the rubbish into landfill.
M&G To Invest £150m In UK Battery Start-Up Zenobe
The title of this post, is the same as that of this article on the Financial Times.
Good to see M & G getting involved in funding batteries.
Crossrail 2 Falls Victim To £1.8bn TfL Bailout
The title of this post, is the same as that of this article on the Construction Enquirer.
It appears that one of the conditions of the bailout of Transport for London, is that ongoing consultancy on Crossrail 2, will be scrapped.
As someone, who lives in an area, that will benefit enormously from Crossrail 2, I still feel that this is a good idea, as for the last few years, the transport system in East London has coped well and other improvements already in the pipeline, will keep things going until the economy recovers from the covids and a rathional decision can be made about Crossrail 2.
Foresight, Island GP To Build 700 MW Of Zero-Subsidy Solar In UK
The title of this post, is the same as that of this article on Renewables Now.
This is the two opening paragraphs.
UK infrastructure and private equity investment manager Foresight Group LLC has set up a joint venture (JV) with solar project developer Island Green Power to work together on a UK pipeline of close to 700 MW.
The companies plan to jointly develop five projects in England and Wales, Foresight said on Thursday. The schemes will be implemented without any subsidies.
Surely, what is significant, is that this joint venture, appears to be viable without subsidy.
Who’d have thought that the UK would be able to have this amount of solar power, without government or taxpayer support?
The cost of solar must be dropping like a stone!
Lithium Project Raises Millions In A Day
The title of this post, is the same as that of this article on Cornish Stuff.
This is the introductory paragraph.
Cornish Lithium raised over £3m yesterday to fund new exploration and today opens up the crowd fund to the community.
It does seem to have been a very successful funding.
This to me is a key paragraph.
The company say they are delighted to note that approximately 15% of the pre-registered investors were from Cornwall.
The Cornishmen and Cornishwomen seem to be backing their local business!
Alternative Funding Seems To Be Doing Well
I watch a couple of crowdfunding sites and they certainly seem to be still attracting funds.
I have recently invested a small sum in Cornish Lithium, as I like both the technology and history of the company.
Their round of crowdfunding is coming to an end, as they have raised £4.5 million against a target of £1.5 million.
It certainly appears that there is money for a good company in these troubled times.
Siemens and Macquarie Form Calibrant Energy To Tackle Distributed Energy Market
The title of this post is the same as that of this article on Greentech Media.
This is the introductory paragraphs.
Macquarie Capital and Siemens have formed a joint venture to finance and build distributed energy projects, joining an increasingly competitive landscape in the growing corporate renewables market, the two announced this week.
The partnership, called Calibrant Energy, will initially focus its energy-as-a-service model in the United States, where corporate and industrial customers have become heavyweight renewables buyers as they seek to reach decarbonization goals.
It looks a good idea for a business venture.
I also like it, that two big corporate beats have got together tp finance and install renewable energy systems like solar.
The Anonymous Widower 