The Gresham House Energy Storage Fund (GRID) has entered into long-term floor pricing agreements with counterparties Statkraft and Markel Bermuda, totalling 789MW.
Listed fund Gresham House Energy Storage Fund (GRID) has completed a third-party equity funding of £8.6 million to finance the augmentation of the combined 50MW Glassenbury projects.
BESS owner-operators Gresham House and Statera Energy have signalled their support for a move to zonal pricing, a move being considered by the government as part of its REMA reforms.
Gresham House Energy Storage Fund (GRID) expects full year operational portfolio revenues of about £42 million, as December saw better dispatch rates of batteries in the balancing mechanism (BM).
Gresham House, the largest owner of battery energy storage system (BESS) assets in the UK, has said it sees tolling deals like the one agreed with Octopus being possible “across the optimiser market”.
Octopus Energy has signed a two-year fixed-price tolling agreement with Gresham House Energy Storage Fund for 500MW of its battery assets, bringing the utility’s virtual power plant (VPP) portfolio to over 1.5GW.