Gresham House Energy Storage Fund plc

Real Assets

Real Assets

Gresham House Energy Storage Fund plc (GRID) invests in a portfolio of utility-scale operational battery energy storage systems in Great Britain.

GRID seeks to provide shareholders with an attractive and sustainable dividend over the long term, alongside the prospect of capital growth.

Why invest in battery energy storage?

The UK’s approach to electricity generation is undergoing fundamental change, shifting from coal and gas-fired power stations towards an energy mix dominated by renewable energy.

A cost-effective solution to the intermittency of renewable energy is energy storage to address supply-demand imbalances on the national grid, in real time.

Read our Annual Results 31 December 2022


Investment approach

The investment team have constructed a diversified portfolio of operational utility-scale BESS projects. Each project can generate multiple revenue streams to allow GRID to deliver on its return objectives.

GRID focuses on four sources of revenue:

  • Asset optimisation – the ability to maximise income from the wholesale market and the Balancing Mechanism (through which National Grid balance intra half-hourly supply and demand)
  • Firm Frequency Response – the provision of a dynamic (i.e. proportionate) response to small supply-demand imbalances, second by second, based on changes in the GB grid’s electrical frequency
  • Capacity Market – a UK government mechanism whereby generators (including batteries) are paid a fixed fee for being on call to deliver power when required at times of extreme need (known as ‘stress events’)
  • Grid payments – at times of peak demand National Grid make ‘Triad‘ payments to generators (including batteries) during the three peak half-hours when demand is highest for the year

How to invest

The fund is listed on the Specialist Fund Segment (SFS) of the London Stock Exchange and can be accessed using the ticker GRID.
Due to its SFS listing, some platforms may not list the fund or will require interested investors to self-elect as a professional investor in order to be able to invest.

Please contact the team at for more information.


Investment team

Distribution team

Distribution team

Distribution team

AGM 2023

The AGM will be held at the offices of JTC (UK) Limited, 18th Floor, The Scalpel, 52 Lime Street, London EC3M 7AF at 09:30am on Tuesday, 30 May 2023. The AGM will be held in person and the Board welcomes the opportunity to engage with those shareholders who are able to attend. Full details of the proposed arrangements and the Resolutions to be considered at the meeting can be found in the Notice of AGM.

Investor relations queries

Computershare Investor Services plc
The Pavilions
Bridgwater Road
BS13 8AE
0370 703 0157

Webinar: The evolving dynamics of the broader battery storage market

John Leggate, GRID’s Chair, and Fund Manager, Ben Guest discussed the evolving dynamics of the broader battery storage market, hosted by Non-Executive Director, David Stevenson and followed by an interactive Q&A session.

Watch the replay >>

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