GRID Launches 100-MW Battery, Plans Major Expansion

• Gresham House Energy Storage Fund powers up with a game-changing 100-MW BESS in Somerset, boosting capacity and paving the way for the UK's largest energy storage facility!

Gresham House Energy Storage Fund plc (LSE:GRID) has commissioned a significant 100-MW/100-MWh battery energy storage system (BESS) in Somerset, England, marking it as the largest facility in its operational portfolio. This new site near Bath increases GRID's total operational capacity to 945 MW/1,307 MWh.

The company plans to expand the Melksham facility to 200 MWh through a two-phase project. Each phase will add 50 MWh, with completion expected by the end of the first quarter. This expansion will make it the UK's largest BESS connected to a Distribution Network Operator (DNO). Additionally, GRID is set to launch a 40-MW battery project near Glasgow next month.

What are the key details of Gresham House Energy Storage Fund's latest projects?

Here are the key details of Gresham House Energy Storage Fund's latest projects:

• Newly Commissioned Facility: The fund has successfully commissioned a 100-MW/100-MWh battery energy storage system (BESS) in Somerset, establishing it as their largest operational site to date.
• Operational Capacity Boost: With the addition of the Somerset facility, Gresham House’s total operational capacity has reached 945 MW/1,307 MWh, enhancing its position in the energy storage market.
• Melksham Expansion Plans:

1. The Melksham facility is set to undergo a significant expansion, increasing its capacity to 200 MWh.
2. The expansion will occur in two phases, with each phase contributing an additional 50 MWh of storage.
3. Completion of the expansion project is anticipated by the end of the first quarter, positioning it as the largest BESS linked to a Distribution Network Operator (DNO) in the UK upon completion.

• Future Projects: Gresham House plans to initiate a new 40-MW battery project near Glasgow next month, which aims to further diversify and enhance their energy storage capabilities.
• Strategic Focus on Sustainable Energy: These projects are part of Gresham House’s broader strategy to invest in renewable energy infrastructure and contribute to the UK’s transition towards a low-carbon economy.
• Regulatory Support: The expansion and new projects are likely supported by the UK government’s policies promoting renewable energy and energy storage solutions.
• Technological Advancements: The facilities are expected to utilize cutting-edge battery technology to ensure optimal performance and efficiency in energy storage and dispatch.
• Investment Opportunities: Gresham House Energy Storage Fund's growth reflects increasing investor interest in the energy storage sector, a critical component for balancing supply and demand in renewable energy generation.
• Environmental Impact: The enhancement of battery storage capabilities will play a significant role in reducing carbon emissions and supporting the integration of intermittent renewable resources, such as wind and solar, into the energy grid.