London-based investor NextEnergy Capital has closed a US$480 million tranche of investment in its NextPower V ESG (NPV ESG) fund, which is targeting solar and battery storage.

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

Bushveld Minerals is restructuring its investment in vanadium redox flow battery (VRFB) firm CellCube, increasing it slightly to 27.6%, as part of its own energy storage business carve-out.

Gresham House Energy Storage Fund has seen its net asset value increase by 53.5% to £785 million (US$879 million).

London Stock Exchange-listed NESF has launched a joint venture partnership with developer Eelpower worth £200 million (US$233 million).

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.

London Stock Exchange-listed transatlantic flow battery manufacturer Invinity Energy Systems  has conditionally raised £25 million (US$33.46 million) gross proceeds through a share placing. 

Harmony Energy Income Trust (Harmony), a battery storage investment fund operated by UK renewables and energy storage developer Harmony Energy, intends to undertake an initial public offering.

One of two dedicated energy storage investment funds listed on the London Stock Exchange has seen its Net Asset Value (NAV) per share fall slightly as a result of COVID-19 but remains optimistic for its performance over the year.