REG - Gresham House Energy - Notice of Full-Year 2023 Results

Gresham House Energy Storage FundAnnouncement

24/04/2024 07:00

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RNS Number : 7462L  Gresham House Energy Storage Fund  24 April 2024

24 April 2024

 

Gresham House Energy Storage Fund plc

("GRID" or the "Company")

 

Notice of Full-Year 2023 Results

 

 

Gresham House Energy Storage Fund plc (LSE: GRID), the UK's largest fund
investing in utility-scale battery energy storage systems (BESS), confirms
that it will publish its financial results for the 12 months ended 31
December 2023 on Monday 29 April 2024 at 07:00 BST.

 

The results will be made available on the GRID website at:
https://greshamhouse.com/grid (https://greshamhouse.com/grid)

 

Gresham House will host a webinar for investors at 11:00 BST on the day. To
access the live webinar, please register in advance here
(https://greshamhouse.zoom.us/webinar/register/WN_qP9qXU2uTLOAutE8DWYyMQ) :

 

 

For further information, please contact:

 

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

 Ben Guest

 James Bustin

 Jefferies International Limited        +44 (0)20 7029 8000

 Stuart Klein

 Gaudi Le Roux

Harry Randall

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

 Charles Gorman                         +44 (0)20 3882 6644

 Charlotte Francis

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

 Christopher Gibbons

                                      + 44 (0)20 7409 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 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 Ltd 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.

 

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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