Delays in the growth of Britain’s battery storage sector helped boost Gresham House Energy Storage Fund’s portfolio performance.

News of major project acquisitions in another busy week for the UK battery storage market.

Gore Street saw its net income increase by 191% over the year to 31 March 2022, whilst the EBITDA of its operational portfolio surged 704%.

Gresham House expects to earn more than US$144 million revenues from Capacity Market contracts.

This week’s roundup comes once again from the pages of our UK sister sites, where there’s been plenty of action.

UK-based stock exchange listed investor Gresham House Energy Storage Fund has conditionally agreed to acquire a 50MW battery storage project.

Gore Street Energy Storage Fund has awarded NEC Energy Solutions both EPC and long-term O&M contracts for 100MW of storage in Northern Ireland.

UK-based Gresham House Energy Storage Fund has had an active month, ringing in 2020 with a slew of asset acquisitions and optimisation deals.

One of the UK’s first stock exchange-listed energy storage funds has entered into agreements to acquire a 160MW portfolio of battery storage projects in Northern Ireland and the Irish Republic.