Gresham House Energy Sto... Share Price (GRID)

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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% 111.50 615,034 08:00:00
Bid Price Offer Price High Price Low Price Open Price
110.00 113.00 111.50 111.50 111.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 5.85 3.57 3.07 36.3 389
Last Trade Time Trade Type Trade Size Trade Price Currency
16:00:32 O 314,260 113.00 GBX
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Gresham House Energy Sto... (GRID) Latest News

Gresham House Energy Sto... News

Date Time Source Headline
19/2/202107:00UKREGGresham House Energy Storage Fund Dividend Declaration
08/2/202109:25UKREGGresham House Energy Storage Fund Holding(s) in Company
01/2/202114:37ALNCTRADING UPDATES: Asiamet Hits Back At Shareholder; Hardide Raises Cash
01/2/202107:00UKREGGresham House Energy Storage Fund Acquisition Increases Operational..
11/1/202113:54ALNCIN BRIEF: Gresham House Energy Buys North Shields Battery Project
11/1/202107:00UKREGGresham House Energy Storage Fund Closing of 25MW battery project and 10MW..
24/12/202008:26ALNCGresham House Energy Storage Fund Buys Battery Project In Scotland
24/12/202007:00UKREGGresham House Energy Storage Fund Acquisition of Battery Storage Project
07/12/202017:16UKREGGresham House Energy Storage Fund Holding(s) in Company
07/12/202017:14UKREGGresham House Energy Storage Fund Holding(s) in Company
More Gresham House Energy Sto... News
Gresham House Energy Sto... Investors    Gresham House Energy Sto... Takeover Rumours

Gresham House Energy Sto... (GRID) Discussions and Chat

Gresham House Energy Sto... Forums and Chat

Date Time Title Posts
03/3/202108:22GRESHAM HOUSE ENERGY STORAGE FUND PLC (GRID)92
27/1/200321:58GRIDIRON - The greatest game on earth!24

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Gresham House Energy Sto... (GRID) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-03-08 17:15:01113.00314,260355,113.80O
2021-03-08 16:46:48112.6749,80056,109.66O
2021-03-08 16:00:34111.056,4227,131.63O
2021-03-08 15:49:19112.0016,00017,920.00O
2021-03-08 15:40:48113.004,5195,106.47O
View all Gresham House Energy Sto... trades in real-time

Gresham House Energy Sto... (GRID) Top Chat Posts

DateSubject
08/3/2021
08:20		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 111p and a 12 week average price of 111p.
The 1 year high share price is 118.50p while the 1 year low share price is currently 89.50p.
There are currently 348,556,364 shares in issue and the average daily traded volume is 394,085 shares. The market capitalisation of Gresham House Energy Storage Fund Plc is £388,640,345.86.
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01/3/2021
20:07		jonwig: I think GRID is UK-centred, GSF has assets in Ireland. GRID is over twice the size. Strangely, the accounts are quite different and I haven't really got to grips with them. GSF's nav is below its IPO level, GRID's a bit higher, but then that might not be a valid comparison if they're worked out differently.
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28/2/2021
10:10		lageraemia: Nice link thanks! Does anyone have a particular point of difference between GRID and Gore St funds?
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27/2/2021
08:24		jonwig: Good to watch, thanks. He comes across very well. Only about one minute on GRID, but it's his pick in the renewables sector.
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26/2/2021
10:44		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://www.piworld.co.uk/2021/02/26/piworld-interview-with-edmund-shing-the-idle-investor/ Or listen to the podcast using the following link: Https://piworld.podbean.com/e/piworld-interview-with-edmundshing-the-idle-investor/
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19/2/2021
21:05		rambutan2: 19 February 2021 GRESHAM HOUSE ENERGY STORAGE FUND PLC ("GRID" or the "Company") Declaration of Dividend Gresham House Energy Storage Fund PLC (LSE: GRID) is pleased to announce a dividend of 1.75p per Ordinary Share for the period from 1 October to 31 December 2020. The dividend will be paid on 26 March 2021 to Shareholders on the register as at the close of business on 5 March 2021. The ex-dividend date is 4 March 2021. Any such dividend payment to Shareholders may take the form of either dividend income or "qualifying interest income" which may be designated as an interest distribution for UK tax purposes and therefore subject to the interest streaming regime applicable to investment trusts. Of this dividend declared of 1.75 pence per Ordinary Share, 0.23 pence is declared as dividend income with 1.52 pence treated as qualifying interest income. This dividend completes the 7.0p per share dividend target for 2020 and the Board is pleased to confirm its commitment to delivering a 7.0p per share dividend for 2021.
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12/1/2021
10:27		owenski: cheers, I was drawn to GRID as an income stock but need to get my head around how it works a bit more. I'd be happier if it was running VFRB estates rather than Lithium, I think Lithium is still relatively new wrt these grid applications and so the full operating cost cycle isn't factored in yet, at least I don't believe it is, but it will come. Thanks for your comments.
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12/1/2021
10:17		jonwig: I think the accounting treatment is that GRID doesn't directly own the installations, it owns (part or full) the individual operating companies. It then receives dividends from these which are net of capex and dpreciation. Then its income and assets are based on discounted cash flows which might be only over ten years.
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12/1/2021
09:17		owenski: "Life exp - 8 to 9 years I believe" Could be anything from 5 to 10 years, cycle and charge profile dependant. Tynemouth was already 2 years old when they acquired it, what happens when these Lithium farms start to degrade? Are GRID going to be facing a rolling increasing and very large, Op-Ex cost in a few years time? ......... they obviously will. How will this be funded.
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12/1/2021
09:00		jonwig: It's an exercise I haven't done (but should have!). The list of deals is here: https://www.investegate.co.uk/Index.aspx?searchtype=3&words=grid Life exp - 8 to 9 years I believe, average. But it degrades rather than stops.
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03/7/2020
07:45		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.
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