trending Market Intelligence /marketintelligence/en/news-insights/trending/JR_C1FnBgIGeqrCQAoh8TA2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Gresham House fund acquires 50 MW of battery storage in UK

Essential Energy Insights - May 14, 2020

Credit Risk: Identifying Early Warning Signals In The Oil And Gas Industry

Stress Testing Energy Companies in the Current Environment

Infographic Solar Power by the Numbers The US Canada and Mexico


Gresham House fund acquires 50 MW of battery storage in UK

Gresham House Energy Storage Fund PLC purchased two U.K. battery storage projects with a combined capacity of 50 MW for £29.2 million.

The 40-MW project at Glassenbury, Kent, and the 10-MW project at Cleator Moor, Cumbria, were acquired from VLC Energy, a joint venture between Low Carbon and VPI Immingham, a subsidiary of Vitol Group.

Both battery storage facilities were commissioned in January 2018, according to a Dec. 16 announcement.

The acquisition raises the fund's operational battery storage portfolio to 125 MW. Including the previously announced acquisition of a 49-MW storage project at Red Scar Business Park, the portfolio will soon increase to 174 MW.

The fund said it also expects to acquire three other projects — two 50-MW facilities and the 5-MW Littlebrook extension — in the coming months, upon the facilities' commissioning. This will increase the fund's operational portfolio to 279 MW.