Arenko and Gore Street Energy Storage Fund (“Gore Street”, GSF: LSE) have agreed a major deal to roll out Arenko’s Nimbus software platform across its operational battery portfolio.
An initial phase of 18 grid scale battery energy storage projects, with a capacity of nearly 500MW, across four countries, will be onboarded onto Arenko’s Nimbus platform over a six-month period. The first project is expected to be live and operational in Nimbus within a week of signing the agreement.
Nimbus will provide Gore Street with standardised data, advanced multimarket dispatch, enhanced asset operations capabilities, real-time asset telemetry, performance insights, and alerting and reporting capabilities designed to help drive technical performance across the portfolio.
Nimbus will also unlock connectivity for Gore Street across its stakeholders, which includes integrating the batteries through Nimbus with Accure’s battery health applications.
Nimbus, Arenko’s proprietary enterprise-grade software platform, helps large energy companies manage diverse and complex renewables and battery portfolios:
- Standardising and operationalising data flows
- Streamlining connectivity and integrations with existing IT systems and third-party software
- Automating key processes
Nimbus links key stakeholders onto a single, common digital backbone with applications for asset managers, owners, traders and back-office teams.
Rupert Newland, Founder and CEO of Arenko, said: “Gore Street has built one of the most advanced, internationally diversified energy storage portfolios in the world, and we are delighted they have selected Arenko to support the digital transformation of their assets as they enter this next phase of operations.
“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. Our Nimbus enterprise software is consistently being chosen to support some of the most complex and active asset portfolios across batteries and renewables.”
Alex O’Cinneide, CEO of Gore Street Capital, the Investment Manager to Gore Street, said: “Integrating our operational assets with Nimbus marks an exciting step in our data-driven asset management approach. 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.”