Gresham House Energy Storage Fund Plc to Acquire A 49MW Battery Project

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Gresham House Energy Storage Fund Plc to Acquire A 49MW Battery Project

  • Gresham House Energy Storage Fund Plc (GRID) has entered into a conditional agreement to acquire a 49MW battery project.
  • The project is one of the exclusivity portfolio projects identified by the company in its IPO prospectus and is located on the Red Scar Business Park, outside Preston.
  • The project to be acquired is expected to generate its revenues primarily from asset optimisation.
  • On 21st October 2019, at the time of writing, GMT 08:05 AM, GRID shares were trading at GBX 104.00, flat against the previous day closing price.

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