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Gresham House Energy (GRID)

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Thursday 31 March, 2022

Gresham House Energy

Notice of Results

RNS Number : 6505G
Gresham House Energy Storage Fund
31 March 2022
 

 

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, TO U.S. PERSONS OR IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA OR JAPAN OR THEIR RESPECTIVE TERRITORIES OR POSSESSIONS, OR INTO ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT. THE INFORMATION CONTAINED HEREIN DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER TO ISSUE OR SELL, OR ANY SOLICITATION OF ANY OFFER TO SUBSCRIBE OR PURCHASE, ANY INVESTMENTS IN ANY JURISDICTION.


THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION .

31 March 2022

 

Gresham House Energy Storage Fund plc

(GRID or the Company)

 

Notice of Results

 

 

Gresham House Energy Storage Fund plc, the UK's largest fund investing in utility-scale battery energy storage systems (BESS),  announces that it will publish its full-year financial results for the 12-months ended 31 December 2021 on Wednesday 6 April at 07:00 BST.

 

The results will be made available on the GRID website at https://greshamhouse.com/real-assets/new-energy-sustainable-infrastructure/gresham-house-energy-storage-fund-plc/ .


Gresham House will host a webinar for investors at 11:00 BST on Wednesday 6 April, registration details are available on the GRID website at
https://greshamhouse.com/real-assets/new-energy-sustainable-infrastructure/gresham-house-energy-storage-fund-plc/#annual-results-webinar

 

 

For further information

 

Gresham House New Energy

Ben Guest

Rupert Robinson

 

 

+44 (0)20 3837 6270

 


 

Jefferies International Limited

Stuart Klein

Gaudi Le Roux

 

+44 (0)20 7029 8000

KL Communications

Charles Gorman

Will Sanderson

Millie Steyn

 

[email protected]

+44 (0)20 3995 6673

 

 

 

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

 

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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