Archives for 2019

View our older news stories from this year.

“Two-thirds of onshore wind facing retirement by 2040” – Utility Week

“Two-thirds of onshore wind facing retirement by 2040” – Utility Week Renewable UK reported that by 2040, 8GW of the current 13GW onshore wind capacity will face retirement. This could decrease this power supply by 20TWh, from the current 30TWh supplied to 10TWh over the next 20 years, should new sites not be built. To...

reNEWS – Wooden towers for wind turbines

Modivon, a Swedish start-up, has secured capital to develop a modular wooden tower for supporting multi-MW turbines. This is a great way to supply climate-neutral and cost-efficient wind towers. The first prototype will be built this summer, this will be for a 40-metre high turbine.   To read more on this innovative development please click...

Gresham House Energy Storage Fund plc announces Placing of up to 75 million new Ordinary Shares

Last Friday, the Board of  Gresham House Energy Storage Fund plc was pleased to release to the market its latest operational update, declare a maiden dividend of 1.4p per Ordinary Share for the period from inception to 31 March 2019 and to announce the opening of a Placing Programme for up to 75 million new...

Interesting effect on the wholesale power market

Interesting to see the effect on the wholesale power market of such windy, sunny and chilly weather on Sunday 24 March – negative power prices for a record six hours due to impressive renewables output. To read the article click here.

“Solar car parks across Scotland to charge electric vehicles” – Scotsman

Interesting article about solar car parks: “Special solar-powered car parks where electric vehicles can be charged are to be set up in Scotland as part of a multi-million-pound UK trial. The consortium of energy experts behind the pioneering project is already considering several potential sites across the country, including council facilities, park and ride schemes,...

Gresham House’s Head of New Energy, Ben Guest quoted in reNews Scotland article considering the potential for energy storage co-location

Ben Guest and Gresham House were mentioned in the reNews Scotland article; “RES making a charge in the storage sector” by Sara Verbruggen. While Gresham House managed funds own standalone solar and wind farms, the team is always looking at the potential viability of aggregating multiple energy storage assets at these sites. To read more...

Cathy Pitt joins Gresham House Energy Storage Fund plc Board as Non-Executive Director

Gresham House Energy Storage Fund plc (LSE: GRID) is pleased to announce the appointment of Cathy Pitt as a Non-Executive Director on the Board with effect from 1 March 2019. Cathy is a legal adviser who has specialised in the investment company sector for over twenty years. Cathy is currently a partner at CMS, a...

Ben Guest speaking about GRID at the Hardman & Co Investor Forum

Ben Guest, Head of Gresham House New Energy, spoke at the successful Hardman & Co Investor Forum last Tuesday, please click here to see him kick off proceedings with his presentation about the Gresham House Energy Storage Fund plc (GRID).

“ScottishPower to invest £2 billion in green energy” – Hannah Burley, Scotsman

“ScottishPower to invest £2 billion in green energy” – Hannah Burley, Scotsman “ScottishPower has announced it is to invest a record £2 billion in clean energy investment across the UK, supporting up to 300 new jobs. The commitment, which represents the energy provider’s biggest investment in the country in a single year, follows the sale...

“Wind energy generation hit new record in February in UK” – Christian Nordqvist, Market Business News

“Wind energy generation hit new record in February in UK” – Christian Nordqvist, Market Business News Wind energy generation in the UK hit a new record in February 2019. According to the National Grid, wind energy generation reached 15.32 gigawatts (GW) between 12.15 and 1.45pm on February 11th. During those ninety minutes, wind energy represented...