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Gresham House Energy Storage Fund PLC announced it will host a tour for shareholders of its Enderby battery energy storage site on Tuesday 8 October. The Enderby site has a 50MW capacity and was recently extended to become a two-hour duration project.
| Date | 12 Sept 2024 |
| Time | 07:00:13 |
| Category | Miscellaneous |
| ID | 8529D |
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 as soon as possible.
https://www.surveymonkey.com/r/RZW9XKT
ENDS
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 Effie Aye-Maung-Hider
|
+44 (0)20 3882 6644 |
|
JTC (UK) Limited as Company Secretary Christopher Gibbons
LEI: 213800MSJXKH25C23D82 |
[email protected] +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 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.
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.