Gresham House Energy Sto... Investors - GRID

Gresham House Energy Sto... Investors - GRID

Best deals to access real time data!
Level 2 Basic
Monthly Subscription
for only
Monthly Subscription
for only
UK/US Silver
Monthly Subscription
for only
VAT not included
Stock Name Stock Symbol Market Stock Type
Gresham House Energy Storage Fund Plc GRID London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.25 0.21% 120.75 09:00:52
Open Price Low Price High Price Close Price Previous Close
120.50 120.50 120.75 120.75 120.50
more quote information »
Industry Sector

Top Investor Posts

aa29: Sorry marktime, knocking the premium out of the price means you and private investors have just had part of your/their asset value shifted elsewhere. That said you can now buy (at least you could earlier) at 115.4p ( less 1.75p to be returned to you at end of the month) so you can add at close to the placing price.
tomps2: Gresham House Energy Storage Fund (GRID) Spoken about in a piworld interview with Edmund Shing; Mr Shing’s thoughts from 17:24. Watch the video at: Https:// Or listen to the podcast using the following link: Https://
jonwig: A technology to keep a watch on: vanadium redox flow battery. There are some start-ups (US, Germany) but nothing quoted, I think. Bushveld (BMN) mines the stuff. An established investor such as GRID could easily commission and run a plant if it say a decent return.
hpcg: 'ESG' investors got to put their BOO money somewhere.
jonwig: I think it's in the 'specialist fund segment' of the LSE, so you have to self-certify as a sophisticated investor with your broker to deal in it. Some brokers can't be bothered to offer that service. (II does.)
jonwig: The bonds are EIS-available: This is just to let you know the GRID Power Bonds offer is now open. The bonds offer to pay 5.0% gross p.a. over a term of five years – not guaranteed. The minimum investment is quite high – £105,000 plus placement fee – so they are not for everyone. For some investors, though, the offer could be highly attractive, in our view. Bondholders will lend money to Gresham House Energy Storage Holdings plc and have security over its bank account. The funds raised from experienced investors will be used to acquire or refinance energy storage projects that help the National Grid cope with the peaks and troughs of electricity demand and supply. Gresham House Energy Storage Holdings is a subsidiary of Gresham House Energy Storage Fund plc (“Fund”), a listed investment trust – the UK’s largest fund focused on utility-scale energy storage. The investment manager is Gresham House, a leading specialist alternative asset manager, which manages c.£3 billion on behalf of institutions and private individuals. The offer is due to close on 20 July 2020, subject to capacity, and you can apply online. From an email I got today.
igoe104: I purchased a big chunk a couple of weeks ago, good to see them building the portfolio. acquisition of 41MW Bloxwich battery storage project from Arenko Group and Pipeline Update Gresham House Energy Storage Fund plc (LSE: GRID), Great Britain's largest operational battery storage fund, is pleased to announce that it has completed the acquisition of a 41MW operational energy storage facility known as Bloxwich from a group of investors led by Arenko Cleantech ('Arenko'). This project was previously disclosed by GRID as the 'Potential Acquisition'. The acquisition increases the total capacity of operational utility scale battery storage projects in the Fund's investment portfolio to 215MW. The facility is located on the Bloxwich Industrial estate in Walsall in the West Midlands and was developed by Arenko and utilises their leading battery software and controls platform. Post-acquisition, Arenko will continue to operate and optimise Bloxwich, which has been acquired by the Fund for an initial value of GBP20.1 million, with further potential earnout payments. Bloxwich was commissioned in July 2019 and operates in the Balancing Mechanism, European Power Exchange (EPEX) and other ancillary services markets, such as frequency response. In mid-May 2020, it was used to provide upward and downward reserve flexibility to National Grid in the UK's first-of-its-kind trial using an energy storage system ('ESS'). Existing upward and downward reserve services are typically provided by large Combined Cycle Gas Turbines and other thermal generation at a significant financial and carbon emissions cost to the UK grid. In essence, an ESS provides an exciting, more cost-effective source of grid flexibility and these systems are likely to be central to a zero-carbon emissions grid of the future. John Leggate CBE, Chair of Gresham House Energy Storage Fund plc commented: "Bloxwich is a further step forward in our ambitions to build Great Britain's essential renewable power storage infrastructure. We're pleased to welcome Arenko, as one of our partners, to support operational management and trading optimisation at Bloxwich. With the operational portfolio now over 200MW for the first time, we continue to make progress executing on our 2020 plan, and we look forward to updating our shareholders." Ben Guest, Fund Manager, Gresham House Energy Storage Fund plc said: "We are delighted to have completed this acquisition . Arenko is one of only a handful of innovative and technically-capable operators and optimisers of energy storage systems in the market, as demonstrated by their recent announcements. We look forward to working with them as the market burgeons in Great Britain." Rupert Newland, CEO and Founder of Arenko Group, added: "This is a transformational deal for Arenko as it marks our transition from an asset owner to a software service provider. We see batteries and other flexible assets playing a meaningful role in the energy transition and believe intelligent AI software platforms will be a crucial enabler to unlock value from batteries globally. We look forward to working with Gresham House in helping them maximise the value of their assets in the future." Operational Portfolio Facility Location MW Acquisition date --------------------- ----------------- ---- ----------------- Staunch Staffordshire 20 November 2018 Rufford Nottinghamshire 7 November 2018 Lockleaze Bristol 15 November 2018 Littlebrook Kent 8 November 2018 Roundponds Wiltshire 20 November 2018 Wolverhampton West Midlands 5 August 2019 Glassenbury Kent 40 December 2019 Cleator Cumbria 10 December 2019 Red Scar Lancashire 49 December 2019 Bloxwich West Midlands 41 July 2020 --------------------- ----------------- ---- ----------------- Current Operational Portfolio 215 ---------------------------------------- ---- ----------------- Pipeline Update Minor delays due to COVID-19 restrictions mean the Wickham Market and Thurcroft projects are now expected to be completed by the end of Q3 2020. The Board anticipates any delay to be revenue neutral for the Company. Both of these projects are battery-only sites, each with 50MW import/export capacity. Following completion of these two projects, and the 10MW Glassenbury extension due to be commissioned in Q3 2020, the Fund will have 325MW of operational capacity and will be fully invested.
jonwig: fozz - good stuff is bid up. Just about anything in "renewables", property cos in good sectors (AGR, SGRO, SUPR, etc.) is sitting at a premium. If you think that the NAVs are based on future discounted cashflow, investors think that the discount rate is too high given the security of the income stream. You're getting an income stream as safe as gilts but a lot higher, so NAV is secondary. That's the argument, anyway, and look at the carnage elsewhere.
goodgrief: Hardman & Co Investor Forum, recorded on the evening of 26th February 2019.
getscenic: INVESTMENT OBJECTIVE The Fund seeks to provide investors with an attractive and sustainable dividend over the long term by investing in a diversified portfolio of utility-scale operational energy storage systems, which utilise batteries and may also utilise engines, located in Great Britain. Key Fund highlights include: Target minimum dividend distribution of 7.0p (4.5p in the first year)* Target NAV total return of 8.0% per annum (net of all fund expenses) before leverage* Target NAV levered total return of 15.0% per annum (net of all fund expenses) assuming 50% leverage combined with expected asset management and revenue improvements* Each Energy Storage System project can generate multiple revenue streams Returns are not correlated to the absolute level of wholesale power prices and are not dependent on renewable subsidies Target gross IPO proceeds of up to £200 million expected to be fully deployed within 12 months in a seed portfolio of 70MW and an exclusive pipeline of 182MW Management team are making a substantial investment in the Fund, ensuring strong alignment of interest * This is a target only and not a profit forecast. There can be no assurance that this target will be met or that the Fund will make any distributions at all. This target return should not be taken as an indication of the Fund’s expected or actual current or future results. The Fund’s actual return will depend upon a number of factors, including but not limited to the size of the Fund’s portfolio of assets, the Fund’s net income and the Fund’s ongoing charges figure. Potential investors should decide for themselves whether or not the return is reasonable and achievable in deciding whether to invest in the Fund.
ADVFN Advertorial
Your Recent History
Gresham Ho..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210802 01:57:58