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| Date | 21 Sept 2022 |
| Time | 07:00:08 |
| Category | Results |
| ID | 0519A |
21 September 2022
Gresham House Energy Storage Fund plc
("GRID" the "Company" or the "Fund")
Notice of Results
Gresham House Energy Storage Fund plc, the UK's largest fund investing in utility-scale battery energy storage systems (BESS), announces that it will publish its Interim Results for the half-year ended 30 June 2022 on Tuesday, 27 September at 07:00 BST.
Once announced, the results will be made available within the key documents section of GRID website: https://greshamhouse.com/real-assets/new-energy-sustainable-infrastructure/gresham-house-energy-storage-fund-plc/.
Gresham House will host a webinar for investors at 11:00 BST on Tuesday 27 September, registration details are available on the GRID website: https://greshamhouse.com/real-assets/new-energy-sustainable-infrastructure/gresham-house-energy-storage-fund-plc/#annual-results-webinar
For further information, please contact:
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Gresham House New Energy Ben Guest Rupert Robinson
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+44 (0)20 3837 6270 |
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Jefferies International Limited Stuart Klein Gaudi Le Roux
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+44 (0)20 7029 8000 |
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KL Communications Charles Gorman Charlotte Francis Millie Steyn
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+44 (0)20 3995 6673 |
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JTC (UK) Limited as Company Secretary Christopher Gibbons
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+44 (0)20 3846 9774 |
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, Northern Ireland and the Republic of Ireland. 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, calculated net of the Company's costs and expenses.
Gresham House Asset Management Limited is the FCA authorised operating business of Gresham House plc, a London Stock Exchange quoted specialist alternative asset manager. Gresham House is committed to operating responsibly and sustainably, taking the long view in delivering sustainable investment solutions.
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.