What is Gresham House Energy Storage fund?

About Gresham House and the Gresham House Energy Storage Fund: Gresham House Energy Storage Fund plc 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 (known as BESS) located in Great Britain and internationally.

Who owns the largest battery energy storage fund in the UK?

Launched in 2018, GRID is already the largest battery energy storage fund in the UK, owning c.20% of the UK battery storage market. Octopus will take over half of GRID’s large-scale battery fleet in the UK for the next two years.

What is 'enhancing energy storage'?

National Grid Electricity System Operator (ESO) hosted an event on 16 October called 'Enhancing Energy Storage' to provide clarity on the system improvement plans in the Balancing Mechanism (BM), to better utilise the flexibility offered by Battery Energy Storage Systems (BESS).

Is energy storage a cost-effective solution to energy supply-demand imbalances?

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.

Who owns grid battery storage?

View or subscribe to the key shareholder information for this company. 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.

What is energy storage and why is it important?

Energy storage is crucial to enable the phasing out of carbon-intensive fossil fuels. It allows renewable energies to be scaled further, by addressing both surges in demand and the fluctuating supply of solar and wind power.