18 September 2024
Gresham House Energy Storage
Fund plc
("GRID" or the
"Company")
Notice of Interim
Results
Gresham House Energy Storage Fund
plc (LSE: GRID), the UK's largest fund investing in utility-scale
battery energy storage systems, confirms that it will publish
its financial results for the half-year ended 30 June 2024 on
Monday, 30 September 2024, at 07:00 BST.
The results will be made available
on the GRID website at: https://greshamhouse.com/grid
Gresham House will host a webinar
for investors at 14:00 BST on the day. To access the live webinar,
please register in advance here.
For
further information, please contact:
|
Gresham House New Energy
Ben Guest
James Bustin
|
+44 (0)20 3837 6270
|
|
Jefferies International Limited
Stuart Klein
Gaudi Le Roux
Harry Randall
|
+44 (0)20 7029 8000
|
|
KL
Communications
Charles Gorman
Charlotte Francis
|
gh@kl-communications.com
+44 (0)20 3882 6644
|
|
JTC
(UK) Limited as Company Secretary
Christopher Gibbons
|
GHEnergyStorageCoSec@jtcgroup.com
+ 44 (0)20 7409 0181
|
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 Ltd
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
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.