ERCOT / TNMP BESS Portfolio - Fort Stockton, TX
Rare ERCOT / TNMP BESS Portfolio | Gore Street & Excelsior | 20 Year Avg. Term I Fort Stockton, TX
Marketing description
DB2RE INVESTMENT SALES is pleased to present the opportunity to acquire the rare ERCOT / TNMP BESS Portfolio located in Fort Stockton, Texas. The Portfolio, a 31.52 AC site positioned at the SWC of E 42nd Street & Stone Road in Fort Stockton is leased by Gore Street Capital and Excelsior Energy (150 MW & 75 MW systems). Over the last decade, Fort Stockton has quickly become one of the leading cities for renewable energy sources in Texas due to its proximity to the Permian Basin as well as its significant wind and solar production. With such a vast renewable energy sector and the increasing demand for renewable energy to improve Texas’s energy supply / grid, the BESS market is primed for tremendous growth. Furthermore, directly to the south and southwest of the Portfolio lies the new Cormint and Lancium data and bitcoin mining centers, making this BESS portfolio a strategic and long-term site for the tenants. With a moderate price point and an average 20-year lease term across the portfolio, the offering is ideal for a wide range of private and institutional BESS investors, as well as private capital investors seeking access to this rapidly growing sector and cash-flow investments.
Gore Street Capital is a private investment management firm that focuses on energy storage solutions, helping stabilize renewable energy grids through battery energy storage systems. Founded in 2015, the firm manages the Gore Street Energy Storage Fund (GSF), the first of its kind listed on the London Stock Exchange, which gives public investors exposure to the energy storage market.
The firm’s portfolio includes over 1.2 GW of energy storage assets located across the UK, Ireland, the U.S., and Japan. Gore Street Capital plays a crucial role in supporting the global transition to sustainable energy by investing in essential energy storage infrastructure, which helps balance the variability of renewable energy sources like wind and solar. The firm’s focus on battery storage systems not only contributes to grid stability but also allows renewable energy to be more effectively integrated into national grids.
Excelsior Energy Capital is a private renewable energy infrastructure firm, founded around 2021. The company specializes in equity investments in middle-market wind, solar, and energy storage projects across North America. With over $1.5 billion in assets under management, they focus on long-term investments in sustainable energy, targeting value-driven opportunities for institutional investors.
Excelsior has a team with more than 70 years of combined experience in finance, law, and operations, making them a trusted partner for developers and operators. They have completed investments in multiple wind and solar projects, contributing to over 2 gigawatts of renewable energy capacity. Their primary headquarters are in Excelsior, Minnesota, with another office in Portland, Oregon. The firm’s first renewable energy investment fund closed in 2021 with $504 million, surpassing their initial goal.
Investment highlights
Rare two tenant BESS (Battery Energy Storage System) offering on +/- 31.52 AC in Fort Stockton, TX
100% Leased by: Gore Street Capital (Investment Manager of Gore Street Energy Storage Fund (LSE: GSF) & +/- 28 Locations around the World) and Excelsior Energy Capital ($1.5 Billion Assets Under Management)
Proximity to Cormint and Lancium data and bitcoin mining centers, two of the largest generators in the market
$273,000 in Total NOI equates to a moderate price point, ideal for a wide range of investors, especially aggregators seeking additional BESS assets in Texas
Average lease term of 20 years, providing new ownership a fantastic stabilized revenue stream
U.S. Battery Storage Capacity Expected To Nearly Double In 2024 and in the coming years
Fort Stockton has become a focal point for the renewable energy section due to its proximity to the Permian Basin and its massive production of renewable energy from both wind and solar
Access to TNMP - Texas New Mexico Power / ERCOT - Electric Reliability Council of Texas
150 MW & 75 MW Systems
Income Tax Free State
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