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Gore Street Energy Storage Fund, MAG Energy Solutions Enter Tolling Deal for US Assets

MT Newswires·10/12/2026 04:25:54
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04:25 AM EDT, 10/12/2026 (MT Newswires) -- Gore Street Energy Storage Fund (GSF.L) signed a tolling agreement with energy solutions company MAG Energy Solutions for three assets in Texas, US. The two-year contract will see MAG Energy Solutions pay a fixed toll fee of 57,700 pounds sterling per megawatt-year for 80% of the Snyder, Sweetwater, and Westover projects' capacities. The toll price can be changed, subject to asset performance, Gore Street Energy Storage Fund said in a Monday release. The UK-listed fund added that the remaining capacities will be traded by MAG Energy, with the resulting revenue shared between the company and MAG Energy.