Gresham House Energy Storage Fund Appointment of Non-Executive Director (7056A)
27 September 2022 - 4:02PM
UK Regulatory
TIDMGRID
RNS Number : 7056A
Gresham House Energy Storage Fund
27 September 2022
27 September 2022
Gresham House Energy Storage Fund plc
("GRID" the "Company" or the "Fund")
APPOINTMENT OF NON-EXECUTIVE DIRECTOR
Gresham House Energy Storage Fund plc, the UK's largest fund
investing in utility-scale battery energy storage systems (BESS),
is pleased to announce the appointment of Isabel Liu as an
Independent Non-Executive Director of the Company with effect from
1 October 2022. Isabel will also serve on several of the Company's
key sub-committees.
Isabel's career investing equity in infrastructure worldwide
includes billion-dollar private funds for AIG in Asia, ABN AMRO in
Europe and pension schemes in the UK. She has served as a
non-executive representing UK transport users. Isabel is also a
director of Schroder Oriental Income Fund Limited and Utilico
Emerging Markets Trust plc.
John Leggate CBE, FREng, Chair of Gresham House Energy Storage
Fund plc, commented:
"We are delighted to welcome Isabel Liu to the Board as a
Non-Executive Director. Isabel brings a depth of knowledge in
investment management and, in addition, a richness of international
experience in infrastructure investment. The Board and the Manager
very much look forward to working with Isabel."
In accordance with the Listing Rules, no further information is
required to be disclosed pursuant to LR9.6.13R.
For further information, please contact:
Gresham House New Energy
Ben Guest
Rupert Robinson +44 (0)20 3837 6270
KL Communications
Charles Gorman
Charlotte Francis
Millie Steyn +44 (0)20 3995 6673
JTC (UK) Limited as Company Secretary
Christopher Gibbons +44 (0)20 3846 9774
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,
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 Company's investment
policy.
The Company targets an unlevered Net Asset Value total return of
8% per annum, calculated net of the Company's costs and
expenses.
Gresham House Asset Management Limited 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.
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. BESS also provide Frequency Response services to
National Grid whereby batteries import and export power with the
aim to keep real-time supply and demand in near-perfect balance
while also protecting against unexpected outages of major power
plants.
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END
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