Gresham House Energy Storage Fund to raise US$189.65 million to develop energy storage systems
Date
June 01, 2022
Type
Funds & Investments
Subtype
Fund investment announced
Countries
Ireland
UK (United Kingdom)
Subsectors
Energy efficiency
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Gresham House Energy Storage Fund is planning to raise GBP150 million (US$189.65 million) to develop 747 MW utility-scale battery energy storage systems in the UK and Ireland.
The company is planning on extending its portfolio through the acquisition of 10 battery energy storage projects totaling 747 MW, of which 647 MW require due diligence.
The funding will be raised through the issuing of new Ordinary Shares at a Placing Price of 145p.
