Proceeding as planned

Gresham House Energy Storage Fund (GRID), the UK’s largest listed fund investing in utility-scale battery energy storage systems (BESS), has released a trading update ahead of the publication of its annual results for the year ended 31 December 2024 (expected April 2025). The update confirms that the improvement in the revenue environment for BESS, which began in Q224, continued throughout 2024 and into the first two months of 2025. In addition, all project augmentations and new projects that were underway in 2024 have been completed or are close to completion. The update also confirms that GRID’s three-year strategy to increase earnings and operating capacity, and negotiate refinancing based on contracted revenues (announced in November...