11th Apr 2025 07:00
11 April 2025
Gresham House Energy Storage Fund plc
("GRID" or the "Company")
Notice of Full-Year 2024 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 2024 on Wednesday 23 April 2025 at 07:00am BST.
The results will be made available on the GRID website at: https://greshamhouse.com/grid
Gresham House will host a webinar for investors at 10:30am BST on the day. To access the live webinar, please register in advance here.
For further information, please contact:
Gresham House Ben Guest James Bustin Harry Hutchinson
| +44 (0)20 3837 6270
|
Jefferies International Limited (joint broker) Stuart Klein Gaudi Le RouxHarry Randall
| +44 (0)20 7029 8000 |
Peel Hunt LLP (joint broker) Luke Simpson / Huw Jeremy (Investment Banking) Alex Howe / Richard Harris (Sales)
| +44 (0)20 7418 8900 |
KL Communications Charles Gorman Charlotte Francis
| +44 (0)20 3882 6644
|
JTC (UK) Limited as Company Secretary Christopher Gibbons
| + 44 (0)20 7409 0181 |
LEI: 213800MSJXKH25C23D82
About the Company and Gresham House:
Gresham House Energy Storage Fund plc (GRID) 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
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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