Gore Street Energy Storage Share Discussion Threads

[livewireplus] 10/5/2024 16:58

.... how about a chocolate condom ....

[lonrho] 10/5/2024 15:27

or a chocolate teapot.

[cocopah] 10/5/2024 14:36

Earlier in this thread I remarked on the opaque approach to communication, the latest RNS is a shining example of this … in as much as it gives investors zero clue as to whether the company is doing well, earning more or less income and even whether the assets are generating income … about as much use as a chocolate fire guard!🫣763;🙄

[mirandaj] 10/5/2024 14:34

jimjamthe2nd

Extremely interesting interview. Thank you.

[jimjamthe2nd] 10/5/2024 07:47

A interview with Alex, if anyone is interested. Building a global energy storage fund with Alex O'Cinneide (Founder & CEO @ Gore Street Capital)hTTps://modoenergy.com/research/channels/transmission

[scruff1] 09/5/2024 23:09

CC
If it didnt mean that I suspect they would be shouting from the rooftops.. There is little hint of expectation. Its getting less attractive by the week

[cc2014] 09/5/2024 22:02

#1483

Means "not generating revenue".

Imho. I don't know it means that but I'm pretty sure that's what it means.

[george stobbart] 09/5/2024 18:25

This relates primarily to the duality of mankind. I read books and know what commercial activities mean

[waterloo01] 09/5/2024 18:21

What does 'pre commercial activity' mean?

[scruff1] 09/5/2024 18:12

Not exactly packed with exciting financial news. Dull imo. When is our next solar eclipse?

[mirandaj] 09/5/2024 17:34

Some really interesting parts to this, especially USA:

[kev0856153] 08/5/2024 15:12

Surprise surprise as this streak of pish drops below 60p again.

[886370] 08/5/2024 13:32

I think it will be producing revenue when it has been commissioned.As the fact sheet says after commissioning it will take revenue capacity to 421.4mw.
So as I see things it hasn’t been commissioned so no revenue yet from Ferrymuir

[fordtin] 08/5/2024 13:12

Ferrymuir was reported as operational in the March 2024 factsheet;

“OPERATIONAL CAPACITY

421.4* MW

*Includes 50 MW newly energised capacity at Ferrymuir.”





And also in the February 2024 factsheet;


“OPERATIONAL CAPACITY

421.4* MW

*Includes 50 MW newly energised capacity at Ferrymuir.”



However, in the February 2024 factsheet, they contradicted themselves;

"The 50 MW Ferrymuir project in Scotland, GB, has been energised after storm conditions delayed completion of work by the grid operator. Commissioning works are being carried out by long-term strategic partner Nidec to progress the asset towards commercial operations. This will take the Company’s revenue-generating capacity to 421.4 MW."

[waterloo01] 08/5/2024 11:53

Hasn't it been handed over to EDF post energization, so how they utilize will be their call. I assume there is some minimum sum paid, regardless of use, but for the availability

[yump] 08/5/2024 11:50

What on earth does energising mean ? You can't do a start up test without any energy input. Perhaps they use a cranking handle !

So the board ask "are we in full production yet?"
"We've energised the equipment"
"wtf does that mean ? - can we bill the customer yet ?"

"When are we going to set off on holiday Dad ?"
"I've energised the car"
"Yes but we're not moving - you haven't put it in gear"

[fordtin] 08/5/2024 10:32

re post#1472 "I think there is a distinction between energized and commissioning the plant."

I seriously hope all commissioning tests were performed and met or exceeded design parameters, prior to energising. Otherwise that new bespoke insurance policy would almost certainly be invalid!


"Commissioning is a start-up test of the electrical equipment that is performed prior to the initial energization of equipment. "

[george stobart] 08/5/2024 09:22

Blue horseshoe loves GSF. RNS incoming tomorrow 7am

[cc2014] 08/5/2024 09:08

At the end of March Ferrymuir was energised but not revenue producing.

The April factsheet is not yet out yet, so it's anyone's guess.

[886370] 08/5/2024 08:49

Thanks
I think there is a distinction between energized and commissioning the plant.
There just seems to be silence from GSF on Ferrymuir.
Nothing in March factsheet.
I have emailed GSF a couple of time asking for an update but get the usual reply the will update the market as and when.

[cc2014] 08/5/2024 08:35

Ferrymuir was energised on 12th Feb

There is usually a gap before it becomes revenue producing but I thought it would be so by now.

Why do you think there is an issue?

[886370] 08/5/2024 08:18

Morning
there seems to be an issue commissioning Ferrymuir and I'm wondering having read this article if GSF may be considering selling some of the GB assets and using the money to invest in countries that produce higher revenues.
Any thoughts on the delay to commission Ferrymuir?

hxxps://tamarindo.global/articles/gore-street-capital-ceo-gb-bess-revenue-decline-was-no-surprise/?utm_content=290949246&utm_medium=social&utm_source=linkedin&hss_channel=lcp-64252241

[marksp2011] 06/5/2024 14:25

The nav rises as they move towards income generation and takes account of WIP that any buyer would need to purchase

[stemis] 02/5/2024 12:57

If it was they wouldn't, but it generally isn't..

[fordtin] 02/5/2024 12:49

If the cost of purchasing the components and assembling them into a functional product is the same as the resale value of the assembled and functioning product, why do companies ever bother manufacturing anything?