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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.

Chair John Leggate says: "The funds raised will give us an opportunity to secure a foothold in the US, one of our most important target markets."

Current stock price: up 0.3% at 155.45 pence on Thursday in London

12-month change: up 4.7%

By Sabrina Penty, Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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