An initial 18 grid-scale battery energy storage projects with a capacity totalling just under 500MW will be onboarded onto the AI-enabled Nimbus platform. Image: Gore Street.

Gore Street Energy Storage Fund has agreed on a deal to use Arenko’s Nimbus software across its operational portfolio, the companies have revealed exclusively to Solar Power Portal.

Over the next six months, an initial 18 grid-scale battery energy storage projects with a capacity totalling just under 500MW will be onboarded onto the AI-enabled Nimbus platform. The first asset is expected to be fully integrated within a few weeks of the deal’s completion.

The deal will see Gore Street provision standardised data, advanced multimarket dispatch, enhanced asset operations capabilities, real-time asset telemetry, performance insights, and ing and reporting capabilities designed to help drive technical performance across its portfolio.

The beta version of the Nimbus platform was launched in November 2022, pledging to enable battery developers and asset owners to accurately monitor and track the performance of a battery within a project. In doing so, owners can effectively check the status of the technology and optimise projects accordingly.

It standardises data flows, streamlines connectivity and integrations with existing IT systems and third-party software, and automates key processes for asset managers.

Alex O’Cinneide, CEO of Gore Street Capital,which is the investment manager to the energy storage fund, said the integration is an “exciting step” in the company’s “data-driven asset management approach”.

He continued: “This integration streamlines our capabilities to optimise projects and enhances the tools available to maximise commercial revenues. In addition, it delivers significant safety benefits and unlocks Opex improvements available from our industry-leading portfolio insurance policy.”

Arenko founder and CEO, Rupert Newland, said: “This deal is further evidence of a growing trend among the most advanced asset owners using software to drive performance across their portfolios, projects and stakeholders.”

This is not the first time the companies have collaborated to optimise Gore Street assets. The software company provided its services as a route to market for a 10MW Gore Street asset, transacting the battery asset to enhance its financial and technical performance in 2021.

Arenko also has a long-term relationship with Gresham House Energy Storage Fund, beginning in 2020, when the latter acquired 41MW of energy storage through a £20.1 million transaction as Arenko moved to become a ‘pure-play software company’.

Most recently, on 5 September it sold the Nimbus Performance platform to Gresham House on 250MW of batteries to help manage the latter’s tolling arrangements with Octopus Energy.

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