Archives for 2019

View our older news stories from this year.

Gresham House Renewable Energy VCTs exit their investments in ChargePoint Services

Gresham House Renewable Energy VCT 1 and Gresham House Renewable Energy VCT 2 have exited their investments in ChargePoint Services Ltd (CPS) via a trade sale to French Utility, Engie, as part of their buyout of CPS. Engie is the second-largest provider of EV charging stations in the world and through this deal will add...

Power Engineering International – Bloomberg predictions

In this article, “Bloomberg predicts wind and solar will power half the world and bag $9 trillion investment” from Power Engineering International, Kelvin Ross writes that wind and solar energy are now the least expensive power generating option in c.two-thirds of the world. The prediction by Bloomberg is these two leading forms of renewable energy...

Britain breaks record for longest continuous period running without coal AGAIN

Britain went coal free for 336 hours (2 weeks), thereby breaking the previous record set in April 2019 over Easter for more than 90 hours. This is the first time since the industrial revolution to go this long producing power without coal. RenewableUK’s Deputy Chief Executive Emma Pinchbeck said: ‘Coal was the backbone of the...

“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...