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Gresham House Energy Storage Fund (LSE: GRID)

Last close As at 22/04/2024

GBP0.42

▲ 3.30 (8.51%)

Market capitalisation

GBP221m

Gresham House Energy Storage Fund 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 located in the UK and Ireland. In addition, the company seeks to provide investors with capital growth through the reinvestment of net cash generated in excess of the target dividend.

Latest Insights

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Investment Companies | Flash note

Gresham House Energy Storage Fund — Responding to challenging times

Investment Companies | Flash note

Gresham House Energy Storage Fund — Amping up: Growth in capital and income ahead

Investment Companies | Update

Gresham House Energy Storage Fund — Powering on

Investment Companies | Update

Gresham House Energy Storage Fund — A great year, and better ones ahead?
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Equity Analyst

Joanne Collins

Joanne Collins

Analyst, Investment Trusts

Key Management

  • Ben Guest

    MD

  • John Leggate

    Chairman

  • Rupert Robinson

    MD, Gresham House Asset Management

Share Price Performance

Price Performance
% 1M 3M 12M
Actual (8.6) (50.8) (74.6)
Relative (9.4) (53.7) (74.9)
52 week high/low 165.7p/38.2p

Overview

Gresham House Energy Storage Fund (GRID) is the largest UK fund investing in utility-scale battery energy storage systems (BESS). A recent sharp decline in gas prices, a ‘disappointing’ start to the Energy System Operator’s (ESO’s) new energy trading platform and systemic delays connecting completed projects to the national grid have raised concerns about the revenue generating capacity of the BESS sector. This has placed significant downward pressure on the share prices of GRID and others in the sector. GRID’s share price has declined by more than 50% over the past month and is trading at a 67% discount to its last published NAV. A recent trading update by GRID’s manager, Ben Guest, provided details of the company’s response to these challenging market conditions, while also reiterating confidence in GRID’s positive long-term prospects.

Research

Flash note

Investment Companies

Gresham House Energy Storage Fund — Amping up: Growth in capital and income ahead

Update

Investment Companies

Gresham House Energy Storage Fund — Powering on

Investment Companies

Flash note

Gresham House Energy Storage Fund — Responding to challenging times

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