Share Name Share Symbol Market Type Share ISIN Share Description
Gresham House Energy Storage Fund Plc LSE:GRID London Ordinary Share GB00BFX3K770 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 111.50 17,006 08:00:00
Bid Price Offer Price High Price Low Price Open Price
111.00 112.00 111.50 111.50 111.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 5.85 3.57 3.07 36.3 261
Last Trade Time Trade Type Trade Size Trade Price Currency
14:40:45 O 1,000 111.1401 GBX

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27/1/200321:58GRIDIRON - The greatest game on earth!24

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Gresham House Energy Sto... Daily Update: Gresham House Energy Storage Fund Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker GRID. The last closing price for Gresham House Energy Sto... was 111.50p.
Gresham House Energy Storage Fund Plc has a 4 week average price of 111.50p and a 12 week average price of 110.50p.
The 1 year high share price is 118.50p while the 1 year low share price is currently 89.50p.
There are currently 234,270,650 shares in issue and the average daily traded volume is 156,514 shares. The market capitalisation of Gresham House Energy Storage Fund Plc is £261,211,774.75.
jonwig: "Wealth Club" were offering GRID bonds a few months ago but maybe not the same series. Minimum was £105,000.
igoe104: Simon Thompson From the IC - Mentions ( Grid ) positivity in his latest podcast. 20 minutes in -
rambutan2: Interims, nav drops a little to 98.16p. All is reasonably explained: hTtps://
hiddendepths: I thought this would take off with the explosive share price performance of many of the clean energy stocks. Slightly surprised it's taken this long.
global nomad: I have had GRID on my watchlist for some time but it wasn't available to buy on IWEB. News yesterday suggests now was time to jump on, have also bought into GSF. IWEB said it is not an area of the market they trade in. Wondering if I need to open another trading account just to get access to are those invested here buying this stock? thanks
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.
jonwig: RNS re debt financing through "private bonds": Wanting £15m with a 5% coupon for 5 years. Why not give it a whirl on ORB? I'd buy a few!
jonwig: Sector news, Telegraph: Tesla has equipped a new energy storage plant in Dorset, capable of powering 17,000 homes, in the firm's first major foray into the British power industry. The car maker is supplying its Megapack high-capacity batteries, and Autobidder control software, to UK business Harmony Energy and Spanish company FRV for a site in Poole which will store electricity generated by wind farms and release it to the grid when needed. Harmony Energy:
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.
hpcg: jonwig - I agree with those sentiments. I would add that in a zero or negative interest rate environment some companies can borrow at low rates and turn it into profit. I see GRID as offering a return over base that keeps up with monetary inflation. It so happens to operate in an area where there is a structural deficit.
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