9th Sep 2024 19:31
Gresham House Energy Storage Fund PLC - London-based investor in utility-scale battery energy storage systems - Says net asset value per share at June 30 falls to 109.16 pence, down 19.91 pence from December 31. Of which, attributes 19.47 pence of the decline mainly to a "new, more conservative curve provider". Says operational portfolio generated net revenue of GBP17.9 million, down 13% from GBP20.5 million a year prior. Operational portfolio capacity increases 14.5% to 790 megawatts. Total debt drawn at the end of the period was GBP120 million while total size of its debt facility reduces to GBP225 million from GBP335 million. Cash on hand between the company and its investments at June 30 is GBP26.8 million. Read More
