Director Declaration

RNS Number : 9612V

Gresham House Energy Storage Fund

12 April 2023

 

12 April 2023

Gresham House Energy Storage Fund plc

Disclosure of New Directorship

In accordance with Listing Rule 9.6.14(2), Gresham House Energy Storage Fund plc (the "Company") announces that, with effect from 12 April 2023, Duncan Neale, an independent non-executive director of the Company, has been appointed as a non-executive director and Chair of the Audit Committee of Atrato Onsite Energy plc.

For further information, please contact:

Gresham House New Energy Ben Guest	[phone]
KL Communications Charles Gorman Charlotte Francis Millie Steyn	[e-mail] [phone]
JTC (UK) Limited as Company Secretary David Rice	[e-mail]   [phone]

About the Company and the Manager:

Gresham House Energy Storage Fund plc seeks to provide investors with an attractive and sustainable dividend over the long term by investing in a diversified portfolio of utility-scale battery energy storage systems (known as BESS) located in Great Britain and in Overseas Jurisdictions. In addition, the Company seeks to provide investors with the prospect of capital growth through the re-investment of net cash generated in excess of the target dividend in accordance with the Company's investment policy.

The Company targets an unlevered Net Asset Value total return of 8% per annum and a levered Net Asset Value total return of 15% per annum, in each case calculated net of the Company's costs and expenses.

Gresham House Asset Management is the FCA authorised operating business of Gresham House plc, a London Stock Exchange quoted specialist alternative asset manager. Gresham House is committed to operating responsibly and sustainably, taking the long view in delivering sustainable investment solutions.

http://www.greshamhouse.com/

Definition of utility-scale battery energy storage systems (BESS)

Utility-scale battery energy storage systems (BESS) are the enabling infrastructure that will support the continued growth of renewable energy sources such as wind and solar, essential to the UK's stated target to reduce carbon emissions. They store excess energy generated by renewable energy sources and then release that stored energy back into the grid during peak hours when there is increased demand.

 

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