Gresham House Energy Storage Fund plc (LSE: GRID) has successfully completed the expansion of two existing battery energy storage systems (BESS) in the UK, increasing each facility's capacity to 50 MW/100 MWh and elevating the company's total operational capacity to over 1 GWh.
In a statement released on Thursday, the BESS investment fund announced the augmentation of its Enderby site in Leicester and West Didsbury site in Manchester, effectively doubling their storage duration to two hours and adding an additional 100 MWh of operational capacity.
These projects, originally designed for expansion from inception, mark significant milestones as the second and third augmentation initiatives completed by the company.
GRID's current operational portfolio now stands at 790 MW/1,030 MWh, with plans underway for four more augmentation projects expected to contribute an additional 220 MWh.
“We are very pleased to achieve this strategically important milestone. For the UK to achieve its Net Zero targets, scalable BESS infrastructure is crucial,” commented John Leggate, Chairman of GRID. “The decision to focus on upgrading existing sites demonstrates our commitment to efficient capital allocation, reduces project execution risks, and enhances the revenue potential of our portfolio.”
