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Gresham House Energy Storage Fund plc announced the appointment of Andy Koss as an Independent Non-Executive Director. This appointment will become effective from 25 September 2025.
| Date | 29 Jul 2025 |
| Time | 07:00:13 |
| Category | Board changes |
| ID | 8714S |
29 July 2025
Gresham House Energy Storage Fund plc
(" the Company")
APPOINTMENT OF NON-EXECUTIVE DIRECTOR
Gresham House Energy Storage Fund plc, the UK's largest fund investing in utility-scale battery energy storage systems (BESS), is pleased to announce the appointment of Andy Koss as an Independent Non-Executive Director of the Company with effect from 25 September 2025.
Andy Koss is a Chartered Accountant and Corporate Treasurer with 20 years' operational and financial leadership in the energy sector, having served as CEO Generation at Drax Group plc, a FTSE250 company, and CEO, UK and Middle East, for Sembcorp Industries, listed on the Singapore Exchange. Andy brings end-to-end expertise in battery storage, connectivity, and government engagement, underpinned by deep sector relationships with NESO, Ofgem and UK Government. He currently serves on the board of Encyclis, has significant deal and transformation experience, and has recently become Chair of the Board of Trustees for a children's charity, PANS PANDAS UK.
John Leggate CBE, Chair of Gresham House Energy Storage Fund plc, commented:
"I am delighted to welcome Andy Koss to the Board as a Non-Executive Director. Andy brings an exceptional breadth of industry experience including in the battery storage sector. We very much look forward to working with him"
In accordance with the Listing Rules, no further information is required to be disclosed pursuant to UKLR 6.4.8.
For further information, please contact:
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Gresham House Energy Transition Ben Guest James Bustin Harry Hutchinson
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+44 (0) 20 3837 6270 |
|
Jefferies International Limited Stuart Klein Gaudi Le Roux
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+44 (0) 20 7029 8000 |
|
Peel Hunt Luke Simpson Huw Jeremy
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+44 (0) 20 7418 8900 |
|
KL Communications Charles Gorman Charlotte Francis |
+44 (0) 20 3882 6644 |
|
JTC (UK) Limited as Company Secretary Christopher Gibbons |
+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.
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.