A 100MW battery storage facility in Co. Offaly in Ireland has this week been energised, having been developed as part of a partnership between local developer Lumcloon Energy and South Korea’s Hanwha Group.
Gresham House has raised £41.6 million through a new share placing to fund both its existing pipeline and a new pipeline of operational and new build assets, falling short of the £58 million it originally targeted.
Gresham House has raised £100 million to drive its energy storage fund onto the London Stock Exchange, half the amount planned last month but enough to progress plans to acquire a 70MW seed portfolio.
Gresham House, formerly Hazel Capital, is to float an energy storage fund on the London Stock Exchange next month, with an aim to raise £200 million to fund 262MW of energy storage projects over the next year.
Swindon Borough Council has approved planning for a 50MW battery project submitted by its sustainable energy company Public Power Solutions (PPS), which will now seek a developer to build a business case from the front of the meter battery.
The UK’s first listed fund for energy storage is setting out to raise £100 million for investment in battery projects, with a seed portfolio of an estimated 18MW/20MWh already arranged.