Bond.az - Gresham House Energy Storage Fund plc (GRID) hosted a capital markets webinar on Wednesday to outline its growth strategy and expansion plans.
The company plans to increase capacity to 2,246MW / 4,399MWh, including the Rayleigh project. A strategic partnership with Summit Transition Partners will provide project-level equity funding.
GRID expects a modeled annual EBITDA run rate of £141 million upon completion. It projects a base case net asset value uplift of approximately 56 pence per share and confirms a 10 pence free cash flow target.
The webinar covered UK battery storage market developments, the three-year plan, funding strategy, and alternative revenue streams.
Chair John Leggate noted the company has launched a fully financed work program. The growth plan requires less equity than previously assumed, aiming to maximize returns.
