Page 6 - Ben Guest News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Gresham House Energy Storage Fund has reported a 135% rise in underlying portfolio EBITDA to £15.8m (€18.2m) (FY19: £6.7m) for the year ending 31 December 2020. The UK’s largest utility-scale battery energy storage fund, announced underlying portfolio revenues rose by 89% to £19m (FY19: £10.1m)  in its second set of annual results since the IPO in November 2018.  This increase was driven by frequency response services, trading and triads. During the year total operational capacity increased to 315MW (FY19: 174MW) with £85.3m invested and 141MW of operational capacity added.  Fur...

Published: 23 Feb 2021, 16:20 By: Deputy Editor Gresham House Energy Storage Fund's Wickham Market battery is one of just 400MW of storage currently playing into Dynamic Containment. Image: Gresham House. Batteries are uniquely placed to enter multiple revenue markets, with the wholesale market becoming increasingly interesting. In this morning’s Energy Storage Summit 2021 keynote discussion, What is the key for really making money from batteries?, the panel talked through the numerous routes available to battery energy storage currently. The growth in the ancillary market re...

Published: 18 Jan 2021, 12:12 By: Peter Bolton, new investment director at Gresham House New Energy. Image: Gresham House. Gresham House New Energy has welcomed a new investment director to develop the company’s unsubsidised renewables strategy. Peter Bolton is joining the company from Foresight, where he has worked for seven years including as investment director. He focused on the European renewables sector within this role, leading deals at development capital, greenfield, brownfield and exit processes stage. He also actively managed assets post-investment and held special...

24 December 2020 | 07:37am StockMarketWire.com - Battery storage investor Gresham House Energy Storage Fund said it had agreed to acquire an around 30 megawatt project in Scotland, for an undisclosed sum. The battery project was located near Wester Dechmont, Livingston in West Lothian, Scotland. Gresham House said it was part of a pipeline described in its prospectus published on 10 November. Byers Brae was a battery-only site currently expected to be commissioned in the second quarter of 2021. It was being acquired from Gresham House DevCo and Noriker Power. 'Byers Brae is our first project ...

(pictured) energy storage project in the UK. The deal will see EDF, alongside controls partner Upside Energy, direct the battery’s energy flow into all markets including dynamic containment, generating revenue for the fund both within and outside National Grid relationships. The agreement results from EDF’s track record of maximising revenues for two of the fund’s other assets, at Littlebrook and Rufford, which were signed up in September 2019. EDF has also supported Gresham House Energy Storage Fund through the asset’s initial energisation period. The company will operate the asset t...