Investors have sunk £100 million into a new listed company that aims to use shipping containers packed with lithium-ion batteries to buy, store and sell electricity. Gresham House Energy Storage Fund claims that it will make a return of 15 per cent a year by providing electricity when surges in demand coincide with periods when the wind is not blowing or the sun is not shining. Its capital-raising round scraped home after it extended the timetable, reduced the minimum amount it sought to raise and persuaded the sellers of battery assets it is buying to accept shares instead of cash. It had hoped to raise £200 million.
Times 10th Nov 2018 read more »
Solar Power Portal 9th Nov 2018 read more »