Gresham House Energy Storage (GRID), currently the UK’s largest fund investing in utility-scale energy storage systems, is set to grow after announcing a new share issuance programme to be conducted over the next 12 months. The initial placing and offer for subscription are launching today. In the announcement, GRID says that “it intends to build on its leading market share and significantly increase the size of its portfolio over the coming 12 to 18 months to take advantage of the clear and compelling market opportunity for energy storage system projects (ESS projects).”
‘Shares to be issued at a 4.5% discount to the closing share price on 9 November 2020’
Gresham House plc (LON:GHE) is a London Stock Exchange quoted specialist alternative asset manager offering funds, direct investment and tailored investment solutions, including co-investment, in public equity, private assets, forestry, new energy and housing.