Gresham House Energy Storage Fund (LSE: GRID)

Last close As at 20/11/2024

GBP0.48

−0.85 (−1.75%)

Market capitalisation

GBP271m

Gresham House Energy Storage Fund 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 located in the UK and Ireland. In addition, the company seeks to provide investors with capital growth through the reinvestment of net cash generated in excess of the target dividend.

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Equity Analyst

Joanne Collins

Joanne Collins

Analyst, Investment Trusts

Key Management

  • Ben Guest

    MD

  • John Leggate

    Chairman

  • Rupert Robinson

    MD, Gresham House Asset Management

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (3.6) (20.8) (53.0)
Relative (0.2) (18.8) (56.5)
52 week high/low 111.4p/38.2p

Overview

Gresham House Energy Storage Fund (GRID) invests in utility-scale battery energy storage systems (BESS) in Great Britain. The company recently hosted a site visit for analysts and investors to its 50MW capacity Enderby plant in Leicestershire, which included updates from GRID’s Manager Ben Guest, Deputy Manager James Bustin and Chairman John Leggate. This note outlines the day’s key takeaways, and subsequent news that gives the company more scope to pay dividends from distributable reserves if required.

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