gresham house energy storage fund

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).

Battery energy storage system (BESS) investment fund Gresham House Energy Storage Fund has announced its half year results to the end of June 2024.

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.

Gresham House Energy Storage Fund has energised a 50MW/50MWh battery energy storage system (BESS) in Lancashire.

Revenues for the Gresham House Energy Storage Fund have started to recover in 2024 after falls in 2023, fund manager Gresham House said.

Harmony Energy Income Trust (HEIT) signaled that BESS revenues for the year ended 31 October 2023 were markedly lower year-on-year.

Global optimiser Habitat Energy has signed an agreement with Gresham House Energy Storage Fund that will see over 500MW of battery energy storage optimised.

Delays in the growth of Britain’s battery energy storage sector helped boost Gresham House Energy Storage Fund’s (GRID) portfolio performance, resulting in a “strong growth of earnings” in 2022.

Gresham House Energy Storage Fund has seen a 20% like-for-like growth in underlying portfolio EBITDA due to a range of projects having become, or being closer to becoming, operational during 2022.