(Alliance News) - Gresham House Energy Storage Fund PLC on Friday confirmed it has successfully raised over GBP15 million, its third fundraise since April.
The placing was first announced on Thursday, and has seen Gresham House Energy place 14.6 million new shares at 105 pence each, raising GBP15.3 million. Shares were down 1.5% on Friday at midday at 106.42p.
In April, the company raised GBP75.8 million while in late May it raised a further GBP49.7 million.
Chair John Leggate said on Friday: "Including IPO, the company has raised a total of approximately GBP165 million from its investors for deployment into energy storage systems. The board would like to thank investors for the significant support they have shown.
"The company is building the firepower to become a very significant player in energy storage and thereby support the migration towards a lower-carbon economy."
Further placings could come, Gresham House Energy said, with its current placing programme ending in mid-October.
Gresham House (GRID)