REG - Gresham House Energy - Change to Director’s Responsibilities

Gresham House Energy Storage FundAnnouncement

12/12/2022 07:00

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RNS Number : 2841J  Gresham House Energy Storage Fund  12 December 2022

12 December 2022

GRESHAM HOUSE ENERGY STORAGE FUND PLC

("GRID" or the "Company")

Change to Director's Responsibilities

Gresham House Energy Storage Fund plc (LSE: GRID) the UK's largest fund investing in utility scale battery energy storage systems, announces that Isabel Liu, an Independent Non-Executive Director, has been appointed by the Board as a member of the Company's Audit, Remuneration, Nomination and Management Engagement Committees with effect from 9 December 2022.

 

For further information, please contact:

 Gresham House New Energy

 Ben Guest                              +44 (0) 20 3837 6270
 Jefferies International Limited

 Stuart Klein                           +44 (0) 20 7029 8000

 Gaudi Le Roux                          +44 (0) 20 7029 8000
 KL Communications                      gh@kl-communications.com (mailto:gh@kl-communications.com)

 Charles Gorman                         +44 (0) 20 3995 6699

 Charlotte Francis

 Millie Steyn

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

 Christopher Gibbons

                                        +44 207 409 0181

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 (i) an unlevered Net Asset Value total return of 8 per
cent. per annum; and (ii) a levered Net Asset Value total return of 15 per
cent. per annum 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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