30 October 2024
GRESHAM HOUSE ENERGY STORAGE
FUND PLC
("GRID" or the
"Company")
Capital Markets Day 2024
Virtual event, 2.00-4.00pm (GMT), Wednesday 27 November
2024
The
Manager is hosting a virtual Capital Markets Day event on Wednesday
27 November, 2.00-4.00pm (GMT) - please register to
attend here.
Fund
Manager, Ben Guest will set out the framework for the Company's
three-year plan through 2027, including indicative targets for MW
and MWh capacity, revenues and EBITDA while stabilising earnings
volatility.
Ben
will be joined by his senior team members, members of the GRID
Board, and guest speakers from Octopus Energy and Modo
Energy.
The
event will be streamed live, and guests will be invited to
participate in a live Q&A.
https://greshamhouse.connectid.cloud/register
ENDS
For
further information, please contact:
|
Gresham House New Energy
Ben Guest
James Bustin
|
+44 (0)20 3837 6270
|
|
Jefferies International Limited
Stuart Klein
Gaudi Le Roux
Harry Randall
|
+44 (0)20 7029 8000
|
|
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
|
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.
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.