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Gresham House Energy Storage Fund (GRID) Reports Positive Trading Update
Gresham House Energy Storage Fund (GRID) has released a promising trading update as it prepares for its 2024 annual results, expected in April 2025. The UK-based fund, noted as the largest listed entity investing in utility-scale battery energy storage systems (BESS), indicated continued revenue growth from mid-2024 into early 2025. This was credited to improvements in the BESS revenue environment.
The update highlights the completion of ongoing project augmentations initiated in 2024. GRID's three-year strategic plan, which aims to boost earnings and operational capacity while negotiating refinancing based on contracted revenues, is reportedly on track. This development aligns with the fund's goal to resume dividend payments in the second half of 2025, potentially reducing its share price discount to NAV.
R. E.
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