RCS - Gresham House Energy - Enderby Battery Energy Storage Site Visit

Gresham House Energy Storage FundAnnouncement

12/09/2024 07:00

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RNS Number : 8529D  Gresham House Energy Storage Fund  12 September 2024

12 September 2024

 

GRESHAM HOUSE ENERGY STORAGE FUND PLC

("GRID" or the "Company")

 

Enderby battery energy storage site visit

The Manager will be hosting a tour for shareholders of its Enderby battery
energy storage site on Tuesday 8 October. Enderby is located in Leicestershire
and is one of the largest sites within the portfolio at 50MW capacity. It was
recently extended to become a two-hour duration project.

The event will include a site tour followed by a presentation by Fund Manager,
Ben Guest alongside members of his team and the Board.

Spaces are limited and will be offered on a first-come, first-served
basis. Please register your interest
(https://eur02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.surveymonkey.com%2Fr%2FRZW9XKT&data=05%7C02%7CL.Darbourne%40greshamhouse.com%7Ca57c22ed0830451c831508dcd1b35c02%7C7a74c7b448444bcaa292c2f67edf7466%7C1%7C0%7C638615815513220001%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C0%7C%7C%7C&sdata=%2B%2Fylg3UZiLOFGUt6QNrDfnUJ36Of2ZvQ7kQ%2BouWrCkI%3D&reserved=0)
as soon as possible.

https://www.surveymonkey.com/r/RZW9XKT
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ENDS

 

 

For further information, please contact:

 

 Gresham House New Energy                +44 (0)20 3837 6270

 Ben Guest

 James Bustin

 Jefferies International Limited         +44 (0)20 7029 8000

 Stuart Klein

 Gaudi Le Roux

 Harry Randall

 KL Communications                       gh@kl-communications.com (mailto:gh@kl-communications.com)

 Charles Gorman                          +44 (0)20 3882 6644

 Charlotte Francis

 Effie Aye-Maung-Hider

                                         GHEnergyStorageCoSec@jtcgroup.com (mailto:GHEnergyStorageCoSec@jtcgroup.com)

                                       +44 (0)20 7409 0181
 JTC (UK) Limited as Company Secretary

 Christopher Gibbons

 LEI: 213800MSJXKH25C23D82

 

About the Company and the Manager:

Gresham House Energy Storage Fund plc seeks to provide investors with an
attractive and sustainable dividend over the long term by investing in a
diversified portfolio of utility-scale battery energy storage systems (known
as BESS) located in Great Britain and internationally. In addition, the
Company seeks to provide investors with the prospect of capital growth through
the re-investment of net cash generated in excess of the target dividend in
accordance with the Company's investment policy.

 

The Company targets an unlevered Net Asset Value total return of 8% per annum
and a levered Net Asset Value total return of 15% per annum, in each case
calculated net of the Company's costs and expenses.

Gresham House Asset Management is the FCA authorised operating business of
Gresham House Ltd, a specialist alternative asset manager. Gresham House is
committed to operating responsibly and sustainably, taking the long view in
delivering sustainable investment solutions.

 

www.greshamhouse.com (http://www.greshamhouse.com/)

 

Definition of utility-scale battery energy storage systems (BESS)

Utility-scale battery energy storage systems (BESS) are the enabling
infrastructure that will support the continued growth of renewable energy
sources such as wind and solar, essential to the UK's stated target to reduce
carbon emissions. They store excess energy generated by renewable energy
sources and then release that stored energy back into the grid during peak
hours when there is increased demand.

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