Statkraft has signed a Power Purchase Agreement (PPA) with Gresham House and a Corporate PPA with Workspace for the 20MW Beavor Grange Solar Farm in Devon.
Battery energy storage fund Gresham House has released annual accounts for the first half of 2023, showing lower H1 2023 revenues and a drop in share value.
Gresham House Energy Storage Fund (GRID) has seen its net asset value (NAV) increase by 53.5% to £785 million, the firm disclosed in its half year results ending 30 June 2022.
Gresham House Energy Storage Fund is transitioning towards a trading-centric business model, with the company to upgrade all of its enhanced frequency response (EFR) battery storage sites to two-hour durations.