CORRECT: Gresham House Energy Storage asset value up 7% in 3rd quarter

Thu, 20th Nov 2025 15:49

(Corrects the name and coding of the company which issued the release to Gresham House Energy Storage Fund PLC, not Gore Street Energy Storage Fund PLC as was previously reported.)

Gresham House Energy Storage Fund PLC - London-based fund investing in utility-scale battery energy storage systems - Net asset value is 115.68 pence per share on September 30 - the end of the third quarter - up 7.4% from 107.71p on June 30. Total NAV is GBP658.3 million. The fund says the biggest boost to NAV is from increased cashflows from new augmentations and the lowering of discount rate premiums on projects moved to commissioning from construction. Debt is GP210 million on September 30, while cash on hand was GBP78 million, giving a net debt to NAV ratio of 20%. Gore Street Energy Storage Fund also says it has agreed to buy a 100 megawatt battery project in Elland, West Yorkshire. The new project is adjacent to the company's operational Elland 1 site, allowing for efficiencies between the two sites. It doesn't provide the purchase price.

Current stock price: 76.00 pence, up 4.1% on Thursday in London

12-month change: up 60%

By Tom Waite, Alliance News editor

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