Gresham House Energy Storage Fund has announced a landmark agreement with Octopus Energy, one of the UK’s largest and fastest-growing energy suppliers. The energy storage fund owns a portfolio of battery energy storage assets around the UK. These assets are designed to take in and store energy during times of excess renewable energy generation and then unleash the power back into the grid when demand rises and supply can’t catch up.
“While the fault for some of these issues does not necessarily lie with the manager, what has become increasingly clear is the need for diversification to support revenues given the inherently volatile nature of battery revenues,” Winterflood added. Octopus Energy agreement The agreement with Octopus should add some stability to the company’s operating model.
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