Investor Gresham House raises funds for six new UK battery storage projects.

London Stock Exchange-listed investor Gresham House Energy Storage Fund has raised £120 million to finance six new energy storage projects. These new near-term acquisitions – totalling 245MW – are part of its 485MW new pipeline, although small amounts of the funds will go towards existing energy storage projects. Gresham House Energy Storage Fund is one of two listed funds in the UK investing in utility-scale energy storage projects focused on batteries, the other being Gore Street Capital. Gresham House most recent investment was the 50MW / 75MWh Thurcroft battery storage site in South Yorkshire, having acquired the project from Gresham House DevCo and Noriker Power. This becomes Gresham House’s 11th operational utility-scale battery storage project, bringing the total operational portfolio to 265MW. The company is seen to have an aggressive approach in its acquisition of battery projects, having a successful year despite the COVID.
Link to the news: https://www.energy-storage.news/news/investor-gresham-house-raises-us160m-for-six-new-uk-battery-storage-project