UK energy storage fund manager Harmony Energy has said revenues in 2023 were significantly lower than 2022, postponing its dividend, after peer Gresham House said the same thing earlier in the week.

The Gore Street Energy Storage Fund’s results for the first half of its financial year have demonstrated the benefits of its internationalisation strategy, though its net asset value (NAV) per share fell slightly.

Energy storage funds managed by UK-based Gore Street Capital and Gresham House increased their net asset value (NAV) per share in 2022, but by very different rates.

UK-headquartered NextEnergy Capital has acquired six standalone battery storage and six solar PV projects in Greece.

Developer Alcemi and investment group CIP have partnered for the development, construction and operation of a 4GW UK BESS portfolio.

UK renewable energy and energy storage company Anesco is to build and maintain 100MW of battery energy storage for investors JLEN and Foresight Solar Fund Limited (FSFL).

UK energy storage solutions provider Zenobe Energy is targeting an additional 500MWh of storage and 1,000 electric buses following a £150 million (US$198.94 million) investment the infrastructure equity investment arm of investment manager M&G.

Investment management firm Gresham House is to float an energy storage fund on the London Stock Exchange next month, with an aim to raise £200 million to fund 262MW of energy storage projects over the next year.