HOUSTON – Consolidated Asset Management Services (CAMS), a fully-integrated service provider for energy infrastructure asset owners, announced today that it was awarded a contract by Gore Street Energy Storage Fund plc (LON: GSF), a leading global developer and owner of battery energy storage systems (BESS), to provide comprehensive operations and maintenance (O&M) services for its Big Rock BESS project.
CAMS’ scope for the Big Rock BESS and neighboring Liebert Switchyard, which interconnects the adjacent 147 MW Campo Verde solar project with GSF’s BESS, encompasses a range of O&M services including preventative and corrective maintenance, remote operations, NERC compliance and advanced cybersecurity monitoring of the project’s information technology (IT) and operational technology (OT) infrastructure. CAMS will leverage years of operating history in the California Independent System Operator (CAISO) grid, along with best practices gathered across the 5-gigawatt-hour of BESS projects it supports across the United States, to ensure the project always operates in a safe and efficient manner.
Located in El Centro, California, the 400-megawatt hour standalone Big Rock BESS project provides critical reliability, resiliency, and peak load capacity to CAISO. The project secured a 12-year fixed-price Resource Adequacy (RA) contract worth over $165 million with J. Aron & Company LLC, a subsidiary of the global investment bank. This RA contract will start in Summer 2025 and is fully ‘stackable’, meaning that GSF can combine it with other revenues from wholesale trading and ancillary services. The RA contract will account for 40% of the project’s revenue over its lifetime and support raising project-level debt due to its guaranteed revenues. Big Rock is also expected to receive an investment tax credit of up to 30% of qualifying capital expenditure under the Inflation Reduction Act.
“CAMS is delighted to support Gore Street’s Big Rock project, which will play such a critical part in strengthening the flexibility and resiliency within CAISO,” said Brian Ivany, Executive Vice President of CAMS Energy Transition Services. “We look forward to a deep collaboration with Gore Street to ensure the highest level of availability and longevity of the Big Rock BESS project.”
“We are proud to partner with CAMS as the O&M service provider for our Big Rock BESS project,” said Daniel Sherlock-Burke, Head of Asset Performance at Gore Street Capital. “CAMS has already proven to be a valuable partner in bringing this ambitious project to the point of energization and in our run-up to commercial operations.”
CAMS offers a comprehensive range of O&M services across all elements of BESS projects from modules through point of interconnection, 24/7 monitoring, advanced OT and IT cybersecurity services, and performance analytics. CAMS’ flexible delineation packages ensure the entire O&M scope is covered for both integrator and non-integrator deployed projects.
About CAMS
CAMS is a privately held company providing Operations and Maintenance (O&M), Asset Management, Environmental, Social, and Governance (ESG), and Optimization services for energy and infrastructure assets. Our founding principle is to add value through superior management and operation of our clients’ energy infrastructure assets. To this end, we empower our employees to pursue creative and sustainable business practices in the field and at our corporate office that contribute to operational excellence, financial performance, a safe workplace, and a better community and environment. We do not take this responsibility lightly: We treat the assets with which we are entrusted as our own. For additional information, visit www.camstex.com.
About Gore Street Energy Storage Fund
Gore Street Energy Storage Fund plc (“GSF” or “the Company”) was launched in 2018 to deliver sustainable returns to investors by investing in utility-scale energy storage systems. GSF is listed on the London Stock Exchange and included in the FTSE All-Share Index. Through investments in the UK, Ireland, Germany, and the US, the Company became London’s first internationally diversified energy storage fund and the only one with a portfolio supporting the transition to clean energy across five different grids. The Company is managed by Gore Street Capital Limited (the “Investment Manager”), which is a full-scope Alternative Investment Fund Manager (“AIFM”) authorized and regulated by the Financial Conduct Authority. Additional information about GSF is available at www.gorestreetcap.com.
