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Gresham House Energy Storage Fund PLC - London-based investor in utility-scale battery energy storage systems, managed by Gresham House Asset Management Ltd - Secures a total of £141 million in finance across three pipeline projects in the UK: Cockenzie, Monet’s Garden and Elland 2. The project finance facilities from four existing lenders to the company will cover up to 70% of the individual project costs. Interest will be charged at 250 basis points over the sterling overnight index average. The remainder of the cost will be covered by equity contributions and Export Credit agreements, meaning the full cost of the three projects has been funded. Construction on the projects now will fully start with grid connections set for 2027, Gresham House Energy Storage says. The three battery projects will be able to supply 397 megawatts of electricity to the UK grid for two hours. Current stock price: 78.20 pence 12-month change: up 21% Copyright 2026 Alliance News Ltd. All Rights Reserved.
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