EDF has entered into long-term pricing agreements with Gresham House Energy Storage Fund to optimize 737 MW of battery storage assets in the UK.
Target Information
The Gresham House Energy Storage Fund plc (GRID) is the largest owner of operational battery energy storage systems (BESS) in the United Kingdom, managing a portfolio that spans 737 megawatts (MW) of battery storage, which includes both operational and development assets. Among these, 100 MW are currently operational while 637 MW are in various stages of development. GRID's extensive experience in battery storage investment has positioned it as a pioneer in the sector.
The organization has recently entered into long-term floor pricing agreements with EDF, the largest generator of zero-carbon electricity in Britain. This partnership seeks to optimize GRID's battery assets, providing increased revenue stability through strategic agreements aimed at enhancing financial predictability for both parties.
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Industry Overview
The battery storage sector in the UK is rapidly expanding due to a surge in renewable energy production and a strong commitment to achieving Net Zero targets. With the UK government pushing for a transition to a cleaner energy sys
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EDF
invested in
Gresham House Energy Storage Fund plc
in
in a Strategic Partnership deal