Gresham House Energy Storage prepares to grow with new share issuance programme

Gresham House Energy Storage (GRID), currently the UK’s largest fund investing in utility-scale energy storage systems, is set to grow after announcing a new share issuance programme to be conducted over the next 12 months. The initial placing and offer for subscription are launching today. In the announcement, GRID says that “it intends to build on its leading market share and significantly increase the size of its portfolio over the coming 12 to 18 months to take advantage of the clear and compelling market opportunity for energy storage system projects (ESS projects).”

‘Shares to be issued at a 4.5% discount to the closing share price on 9 November 2020’

Gresham House plc (LON:GHE) is a London Stock Exchange quoted specialist alternative asset manager offering funds, direct investment and tailored investment solutions, including co-investment, in public equity, private assets, forestry, new energy and housing.

Click to view all articles for the EPIC: GHE, GRID
Or click to view the full company profile:
Gresham House plc

Gresham House Energy Storage Fund NAV up 74% to £358.9m

28th April 2021

Gresham House Energy Storage Fund plc (LON:GRID), the UK’s largest utility-scale battery energy storage fund, has announced its second set of annual results since the IPO in November 2018. This covers the 12 months ended 31

Gresham House strengthens Institutional Business team

26th April 2021

Gresham House plc, the specialist alternative asset manager, has appointed James Lindsay as Head of Institutional Business. James joins from MFS Investment Management where he was Managing Director and Head of Sales, leading its UK institutional

Virgin Money backs Gresham House Solar Distribution in multimillion pound deal

22nd April 2021

Virgin Money has agreed a new financing partnership with Gresham House – the bank’s largest transaction in the renewable sector to date. This relationship will provide Gresham House Solar Distribution LLP (GHSD) with an £18m revolving credit facility, through

Gresham House Energy Storage Fund completes acquisition of large utility-scale battery storage project

22nd April 2021

Gresham House Energy Storage Fund PLC (LON:GRID), the UK’s largest operational utility-scale battery storage fund, has completed its acquisition of the c.30MW battery project located near Wester Dechmont, Livingston in West Lothian, Scotland. The Project was acquired for a total

Gresham House Ventures invests £2.25m into Metrion Biosciences

13th April 2021

Gresham House Ventures – a growth equity investor specialised in software and digitally driven businesses in the healthcare, consumer and services sectors – has invested £2.25m into Metrion Biosciences, a contract research organisation (CRO) catering to

Gresham House AGM to be held Wednesday 12 May 2021

13th April 2021

Gresham House plc (LON:GHE), the specialist alternative asset manager, has announced that it has published its Report and Accounts for the year ended 31 December 2020 and Notice of Annual General Meeting on the ‘Key Documents’ section of its

Blending home and office working a priority for 2021

7th April 2021

Fund managers must manage a seamless integration between office and home working in order to avoid damaging silos. They should also adopt agile methodologies used in the technology market in order to speed up their operations

Gresham House picks Head of Institutional Business

31st March 2021

James Lindsay joined alternative money manager Gresham House as head of institutional business, a spokeswoman confirmed. She did not say whether the position is new or a replacement. Mr. Lindsay is responsible for the strategic development and

Are UK timber prices set to rise in 2021?

25th March 2021

As the world focuses on the post COVID-19 economic recovery, the construction and home-building industries are benefitting from renewed activity. While that bodes well for global timber prices in 2021 and beyond, there are specific reasons

Gresham House launches its first Sustainable Investment Report

22nd March 2021

The report aims to demonstrate the work that has been carried out in the last year to get to where we are today, including case studies across our asset divisions, measurements of what we have achieved,

Gresham House’s 30MW/30MWh Byers Brae battery storage system energised on schedule

19th March 2021

Gresham House’s 30MW/30MWh Byers Brae battery storage project has been energised by Greek firm MYTILINEOS. It had been completed according to schedule despite COVID-19 restrictions, with energisation occuring through MYTILINEOS’ Renewables and Storage Development (RSD) Business

Gresham House Q&A: Embedding the ability and the demands of sustainability (LON:GHE)

17th March 2021

Gresham House’s Tony Dalwood and Kevin Acton discuss annual results, progress of their five-year plan, managing the balance between investing in the business and managing the costs, how scalable the business is and how they are approaching sustainability ambitions in this exclusive interview with DirectorsTalk.

Gresham House Delivering another year of strong growth (Interview)

15th March 2021

Gresham House plc (LON:GHE) CEO Tony Dalwood and CFO Kevin Acton join DirectorsTalk Interviews to discuss annual results for the year ended 31st December 2020. Tony talks us through the highlights, progress made on the five year

Gresham House records boost in profits despite ‘one of the most challenging years’

12th March 2021

Gresham House – which manages funds including Gresham House Energy Storage Fund – has recorded a net core income of £40.8 million and an adjusted operating profit of £12.1 million. These were up 29% and 17% from

Gresham House achieves strong AUM growth of 42% to £4.0 billion

11th March 2021

Gresham House plc (LON:GHE), the specialist alternative asset manager, has announced another year of strong growth, both organically and through acquisition, with Assets Under Management (AUM) increasing by 42% to £4.0 billion, and significant increases to revenue

Be sure to check our sister interview main ratings news website