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 2023

In our latest video, we provide an insight into the fund’s operations and asset pipeline:

Fund manager, Ben Guest provides an update on fund performance and the outlook for battery storage:

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 optimises it assets through allocating capacity across the available revenue sources, primarily by balancing between trading and frequency response based on market drivers.

There are three main categories of revenues for BESS in most geographic jurisdictions, each with different rules, pricing, and local terminology:

  • Trading – asset-backed buying and selling of power through wholesale markets and system operator balancing mechanisms.
  • Ancillary services – mostly Frequency Response today, this is the provision of a dynamic response to small supply-demand imbalances, second by second, to maintain the constant electrical frequency required on the GB grid. The largest of these services in GB is Dynamic Containment.
  • Capacity Market – a mechanism whereby generators (including batteries) enter into long-term contractual arrangements to provide capacity to the system when there is the greatest need. This is typically a fixed fee paid to be available and often requires no action day to day.

Key risks

  • The value of the Fund and the income from it is not guaranteed and may fall as well as rise. As your capital is at risk you may get back less than you originally invested
  • Past performance is not a reliable indicator of future performance

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 info@greshamhouse.com for more information.

2024 Annual General Meeting (AGM)

The 2024 GRID Annual General Meeting (AGM) will be held at New Broad Street House, 35 New Broad Street, London, EC2M 1NH at 09.30 a.m. on Thursday, 20 June 2024.

Notice of AGM >>

Board

Investment team

Distribution team

Distribution team

Distribution team

Investor relations queries

Computershare Investor Services plc
The Pavilions
Bridgwater Road
Bristol
BS13 8AE

https://www.computershare.com/uk
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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