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Gresham House plc

Gresham House powering up to fund ten battery projects

A fund specialising in industrial-scale electricity storage plans to raise up to £263 million for projects that could more than double its value and battery capacity.

Gresham House Energy Storage, a listed company that buys power from the grid when it is cheap and sells it back when it is more expensive, said that it wanted to issue up to 250 million new shares to finance ten additional projects.

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.