Gresham House Energy Storage Fund to invest in 49 MW Red Scar battery storage project in Preston

Gresham House Energy Storage Fund PLC has signed a conditional agreement to acquire a 49 MW battery storage project located on the Red Scar Business Park, outside Preston, in UK., for an undisclosed value.

The fund noted that the project is one of the exclusivity portfolio projects identified by the company in its IPO prospectus published in October 2018.

Gresham House Energy Storage Fund PLC has acquired the project from a vehicle owned by Gresham House DevCo Limited and Noriker Power Limited.

The project is scheduled to be operational in December.