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About the company
Gresham House Energy Storage Fund plc is a United Kingdom-based closed-ended investment company. Through its subsidiaries, the Company's principal activity is to invest in special purpose vehicles (SPVs), which operate a diversified portfolio of operating utility-scale battery energy storage systems (BESS), which utilize batteries and may also utilize generators. The BESS projects comprising the investment portfolio are located in diverse locations across Great Britain. The Company seeks to provide shareholders with a sustainable dividend over the long term, alongside the prospect of capital growth. The Company’s projects portfolio includes Staunch, Rufford, Littlebrook, Lockleaze, Glassenbury, Roundponds, Wolves, Cleator, Red Scar, Bloxwich, Thurcroft, Wickham, Glassenbury Extension, Arbroath, Tynemouth and other. The Company is managed by Gresham House Asset Management Limited.
- Revenue in GBP (TTM)-186.97m
- Net income in GBP-196.69m
- Incorporated2018
- Employees0.00
- LocationGresham House Energy Storage Fund PLC18th Floor, The Scalpel, 52 Lime StreetLondon EC3M 7AFUnited KingdomGBR
- Phone+44 20 3837 6270
- Websitehttps://greshamhouse.com/real-assets/new-energy-sustainable-infrastructure/gresham-house-energy-storage-fund-plc/
Profile
Management group(s) | Gresham House Asset Management Ltd |
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AIC sector | Renewable Energy Infrastructure |
ISIN | GB00BFX3K770 |
Launch date | 13 Nov 2018 |
Share type | Ordinary Share |
Structure | Investment Trust |
Base currency | GBP |
Objective
The company seeks to provide investors with an attractive and sustainable dividend over the long term by investing in a diversified portfolio of utility scale operational energy storage systems, which utilise batteries and may also utilise generators, located in Great Britain, Northern Ireland, and the Republic of Ireland. 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 investment policy of the company and the requirements of the IT Regulations.
Managed by
Bozkurt Aydinoglu, Ben Guest, Gareth Owen, Rupert Robinson, Charlie von Schmieder, Stephen Beck, James Bustin |
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Management & contract fees
An annual fee to be calculated as percentages of the NAV of the company (1% on the first GBP 250m of NAV, 0.9% on NAV in excess of GBP 250m and up to and including GBP 500m and 0.8% on NAV in excess of GBP 500m, exclusive of VAT).
Peer analysis
Company | Revenue (TTM) | Net income (TTM) |
---|---|---|
Real Estate Credit Investments Ltd | 31.36m | 21.86m |
Henderson High Income Trust plc | 38.61m | 33.34m |
Gore Street Energy Storage Fund PLC | 2.27m | -5.66m |
STS Global Income & Growth Trust PLC | 13.66m | 10.38m |
Literacy Capital PLC | 29.26m | 20.88m |
VH Global Sustainable Enrgy Opprtnts PLC | 25.91m | 19.13m |
CQS New City High Yield Fund Ltd | 49.21m | 43.42m |
Gresham House Energy Storage Fund PLC | -186.97m | -196.69m |
Schroder Japan Trust PLC | 65.30m | 61.03m |
European Assets Trust PLC | 30.34m | 24.76m |
Jpmorgan Asia Growth & Income PLC | -1.58m | -5.83m |
Brooks Macdonald Group plc | 128.26m | 6.46m |
Third Point Investors Ltd | 88.41m | 70.90m |
Castelnau Group Ltd | 105.36m | 93.31m |
CT Private Equity Trust PLC | 24.80m | 7.62m |
Baillie Gifford European Growth Trst PLC | 28.58m | 25.14m |
Institutional shareholders
Holder | Shares | % Held |
---|---|---|
BlackRock Investment Management (UK) Ltd.as of 30 Jun 2024 | 63.88m | 11.23% |
Gresham House Asset Management Ltd. (Investment Management)as of 31 Dec 2022 | 28.93m | 5.08% |
Sarasin & Partners LLPas of 09 Jul 2024 | 28.45m | 5.00% |
Link Fund Solutions Ltd.as of 30 Apr 2024 | 26.21m | 4.61% |
Border to Coast Pensions Partnership Ltd.as of 31 Dec 2022 | 26.08m | 4.58% |
Schroder & Co. Ltd.as of 31 Dec 2022 | 25.39m | 4.46% |
Close Asset Management Ltd.as of 31 Dec 2022 | 23.76m | 4.18% |
Valu-Trac Investment Management Ltd.as of 31 May 2024 | 22.19m | 3.90% |
J. M. Finn & Co. Ltd.as of 31 Dec 2022 | 19.59m | 3.44% |
Newton Investment Management Ltd.as of 31 Dec 2022 | 19.06m | 3.35% |