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Gresham House (GRID) Share News

IN BRIEF: Gresham House Energy Storage reaches 1 gigawatt of capacity

5th Jul 2024 19:08

Gresham House Energy Storage Fund PLC - London-based investor in UK battery energy storage systems - Becomes first UK battery and energy storage systems business to reach operation capacity of 1 gigawatt hour after completed augmentation of Enderby and West Didsbury projects. Each site added 50 megawatts of capacity and is upgraded from one hour to two hour duration. In 2024 the Fund has upgraded its total capacity from 790 megawatts to 1.03 gigawatts. A further 220 megawatts will be added through four planned augmentation projects. Read More

UK shareholder meetings calendar - next 7 days

13th Jun 2024 16:05

IN BRIEF: Gresham House Energy energises Penwortham project in England

13th May 2024 17:25

Gresham House Energy Storage Fund PLC - Says it has energised its Penwortham project, a 50 megawatt and 50 megawatt hour battery energy storage system just southwest of Preston, Lancashire. Says plans to double Penwortham's capacity to 50MW/100MWh are "well progressed" and this is expected to be completed during the summer. Says the energisation of Penwortham takes Gresham House Energy's operational capacity to 790MW/926MWh. Read More

EARNINGS: One Media IP Group annual profit down but asset value steady

29th Apr 2024 16:14

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Monday and not separately reported by Alliance News: Read More

TRADING UPDATES: Pennant trading in line; Coro requests suspension

24th Apr 2024 20:10

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News: Read More

UK earnings, trading statements calendar - next 7 days

24th Apr 2024 14:19

Gresham House Energy warns of revenue hit amid challenging environment

19th Apr 2024 10:12

(Alliance News) - Gresham House Energy Storage Fund PLC on Thursday warned that revenue remains below expectations, despite an improvement since March. Read More

LONDON BROKER RATINGS: JPMorgan raises M&S; HSBC likes Kingfisher

11th Apr 2024 08:59

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning: Read More

IN BRIEF: Gresham House Energy Storage Fund new contracts grow NAV

23rd Feb 2024 10:43

Gresham House Energy Storage Fund - London-based Investment fund with a portfolio of utility-scale battery energy storage systems - Says that Tuesday's T-1 capacity markets auction cleared "slightly higher than expected" at a price of GBP35.79 per kilowatt. Gresham says it has secured additional 1-year contracts across 13 of its projects, with a total derated capacity of 90.491 megawatts. These additional contracts will bring in GBP3.2 million in additional revenue from October 2024 to September 2025, Gresham says. The NAV benefit from these contracts will be recognised at the company's next valuation date of March 31. Read More

IN BRIEF: Gresham House Energy Storage Fund announces share buyback

2nd Feb 2024 08:37

Gresham House Energy Storage Fund PLC - fund which invests for income from utility-scale battery energy storage systems - Announces start of share buyback programme for up to 14.99% of shares, which the firm intends to review "on an ongoing basis". The maximum price payable per share, Gresham says, will not exceed the higher of "105% of the average market value of the company's shares for the five business days immediately preceding the day on which such share is contracted to be purchased; or the higher of the price of the last independent trade and the highest current independent bid on the London Stock Exchange". Read More

Gresham House Energy favours buyback over payout; commissioning slow

1st Feb 2024 11:08

(Alliance News) - Gresham House Energy Storage Fund PLC on Thursday said it decided against declaring a dividend for the fourth quarter of 2023 as it continued to be hurt by a weak revenue environment. Read More

LONDON BRIEFING: Shell profit falls; announces USD3.5 billion buyback

1st Feb 2024 07:42

(Alliance News) - Stocks in London are set to follow New York into the red, after the US Federal Reserve quashed hopes of a March cut to interest rates and ahead of the Bank of England interest rate decision. Read More

IN BRIEF: Gresham House Energy Storage happy with new UK grid platform

15th Dec 2023 12:37

Gresham House Energy Storage Fund PLC - invests for income from utility-scale battery energy storage systems; managed by Gresham House - Predicts more revenue opportunities for its battery assets from the launch by the UK power grid operator of the new Open Balance Platform and Bulk Dispatch Optimiser. The investment fund says the National Grid Electricity System Operator has started to trade battery energy storage systems in the Balancing Mechanism. "It is too early to point to the specific revenue impact, but the initial indications are positive and, based on provisional data, are expected to lead to increased revenue opportunities for our assets," the company says, adding it will add more of its assets into the Balancing Mechanism in December and in the first quarter of next year. Read More

IN BRIEF: Gresham House Energy Storage energises West Didsbury project

21st Nov 2023 11:02

(Alliance News) - Gresham House Energy Storage Fund PLC on Tuesday said it has successfully energised its West Didsbury project near Manchester, England. Read More

Gresham House Energy net assets down on weaker trading

27th Sep 2023 11:05

(Alliance News) - Gresham House Energy Storage Fund PLC on Wednesday reported a negative net asset value total return in the first half of the year due to lower demand and unsteady prices. Read More

LONDON BRIEFING: Flutter buys MaxBet stake; LandSec sees strong demand

27th Sep 2023 07:47

(Alliance News) - Stocks in London are set to open lower on Wednesday as investors remained in a risk-off mood amid the prospect of interest rates staying higher for longer in the US. Read More

Gresham House Energy Storage optimistic despite net asset value fall

7th Sep 2023 14:07

(Alliance News) - Gresham House Energy Storage Fund PLC on Thursday reported a lower net asset value but touted optimism in its outlook and raised its dividend. Read More

UPDATE: Gresham House backs GBP470 million takeover from Searchlight

17th Jul 2023 17:44

(Alliance News) - Gresham House Energy Storage Fund PLC on Monday noted that Gresham House PLC has agreed to be taken over by Searchlight Capital Partners LP. Read More

UK shareholder meetings calendar - next 7 days

22nd Jun 2023 15:44

IN BRIEF: Gresham House Energy Storage raises funds for Project Iliad

25th May 2023 10:33

Gresham House Energy Storage Fund PLC - London-based specialist alternative asset manager - Raises GBP50 million through issue of 32 million new ordinary shares at 155.5 pence each. Says funds raised will be used towards its Project Iliad acquisition, a 160 megawatts solar battery energy storage project in California. Read More

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