GRESHAM HOUSE ENERGY STORAGE FUND PLC

Regulatory Filings • Feb 14, 2025

National Storage Mechanism | Additional information

RNS Number : 0722X

Gresham House Energy Storage Fund

14 February 2025

14 February 2025

Gresham House Energy Storage Fund plc

("GRID" or the "Company")

Appointment of Corporate Broker

Gresham House Energy Storage Fund plc (LSE: GRID), the UK's largest fund investing in utility-scale battery energy storage systems (BESS), is pleased to announce the appointment of Peel Hunt LLP as Joint Corporate Broker to the Company, alongside Jefferies International Limited, with immediate effect.

For further information, please contact: 

Gresham House New Energy Ben Guest James Bustin Harry Hutchinson	+44 (0)20 3837 6270
Jefferies International Limited Stuart Klein Gaudi Le Roux Harry Randall	+44 (0)20 7029 8000
Peel Hunt LLP Luke Simpson / Huw Jeremy (Investment Banking) Alex Howe / Richard Harris (Sales)	+44 (0)20 7418 8900
KL Communications Charles Gorman Charlotte Francis Effie Aye-Maung-Hider	gh@kl-communications.com +44 (0)20 3882 6644
JTC (UK) Limited as Company Secretary Christopher Gibbons	GHEnergyStorageCoSec@jtcgroup.com +44 (0)20 7409 0181

LEI: 213800MSJXKH25C23D82

About the Company and the Manager:

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. In addition, the Company seeks to provide investors with the prospect of capital growth through the re-investment of net cash generated in excess of the target dividend in accordance with the Company's investment policy.

The Company targets an unlevered Net Asset Value total return of 8% per annum and a levered Net Asset Value total return of 15% per annum, in each case calculated net of the Company's costs and expenses.

Gresham House Asset Management is the FCA authorised operating business of Gresham House Ltd, a specialist alternative asset manager. Gresham House is committed to operating responsibly and sustainably, taking the long view in delivering sustainable investment solutions.

http://www.greshamhouse.com/

Definition of utility-scale battery energy storage systems (BESS)

Utility-scale battery energy storage systems (BESS) are the enabling infrastructure that will support the continued growth of renewable energy sources such as wind and solar, essential to the UK's stated target to reduce carbon emissions. They store excess energy generated by renewable energy sources and then release that stored energy back into the grid during peak hours when there is increased demand.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

APPUOONRVOUUAAR