REG - Gresham House Energy - Appointment of Non-Executive Director

Gresham House Energy Storage FundAnnouncement

27/09/2022 07:00

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RNS Number : 7056A  Gresham House Energy Storage Fund  27 September 2022

27 September 2022

Gresham House Energy Storage Fund plc

("GRID" the "Company" or the "Fund")

 

APPOINTMENT OF NON-EXECUTIVE DIRECTOR

Gresham House Energy Storage Fund plc, the UK's largest fund investing in
utility-scale battery energy storage systems (BESS), is pleased to announce
the appointment of Isabel Liu as an Independent Non-Executive Director of the
Company with effect from 1 October 2022. Isabel will also serve on several of
the Company's key sub-committees.

 

Isabel's career investing equity in infrastructure worldwide includes
billion-dollar private funds for AIG in Asia, ABN AMRO in Europe and pension
schemes in the UK.  She has served as a non-executive representing UK
transport users.  Isabel is also a director of Schroder Oriental Income Fund
Limited and Utilico Emerging Markets Trust plc.

 

John Leggate CBE, FREng, Chair of Gresham House Energy Storage Fund plc,
commented:

"We are delighted to welcome Isabel Liu to the Board as a Non-Executive
Director. Isabel brings a depth of knowledge in investment management and, in
addition, a richness of international experience in infrastructure investment.
The Board and the Manager very much look forward to working with Isabel."

 

In accordance with the Listing Rules, no further information is required to be
disclosed pursuant to LR9.6.13R.

 

For further information, please contact:

 

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

 Ben Guest

 Rupert Robinson

 KL Communications                      +44 (0)20 3995 6673

 Charles Gorman

 Charlotte Francis

 Millie Steyn

 JTC (UK) Limited as Company Secretary  +44 (0)20 3846 9774

 Christopher Gibbons

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, Northern Ireland, and the Republic of
Ireland. 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,
calculated net of the Company's costs and expenses.

 

Gresham House Asset Management Limited is the FCA authorised operating
business of Gresham House plc, a London Stock Exchange quoted specialist
alternative asset manager. Gresham House is committed to operating responsibly
and sustainably, taking the long view in delivering sustainable investment
solutions. 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. BESS also provide Frequency Response
services to National Grid whereby batteries import and export power with the
aim to keep real-time supply and demand in near-perfect balance while also
protecting against unexpected outages of major power plants.

 

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