REG - Gresham House Energy - Appointment of Corporate Broker

Gresham House Energy Storage FundAnnouncement

14/02/2025 07:15

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RNS Number : 0722X  Gresham House Energy Storage Fund  14 February 2025

14 February 2025

 

Gresham House Energy Storage Fund plc

("GRID" or the "Company")

 

Appointment of Corporate Broker

 

Gresham House Energy Storage Fund plc (LSE: GRID), the UK's largest fund
investing in utility-scale battery energy storage systems (BESS), is pleased
to announce the appointment of Peel Hunt LLP as Joint Corporate Broker to the
Company, alongside Jefferies International Limited, with immediate effect.

 

 

For further information, please contact:

 

 Gresham House New Energy                         +44 (0)20 3837 6270

 Ben Guest

 James Bustin

 Harry Hutchinson

 Jefferies International Limited                  +44 (0)20 7029 8000

 Stuart Klein

 Gaudi Le Roux

 Harry Randall

 Peel Hunt LLP                                    +44 (0)20 7418 8900

 Luke Simpson / Huw Jeremy (Investment Banking)

 Alex Howe / Richard Harris (Sales)

 KL Communications                                gh@kl-communications.com (mailto:gh@kl-communications.com)

 Charles Gorman                                   +44 (0)20 3882 6644

 Charlotte Francis

 Effie Aye-Maung-Hider

 JTC (UK) Limited as Company Secretary            GHEnergyStorageCoSec@jtcgroup.com (mailto:GHEnergyStorageCoSec@jtcgroup.com)

                                                +44 (0)20 7409 0181
 Christopher Gibbons

LEI: 213800MSJXKH25C23D82

 

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 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.

 

http://www.greshamhouse.com/ (http://www.greshamhouse.com/)

 

 

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.

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