1. Gresham House Energy Storage Fund plc has energised its Penwortham project, a 50 MW/50 MWh BESS in Lancashire.
2. Plans are in progress to double Penwortham’s capacity to 50 MW/100 MWh.
3. The completion of this project brings GRID’s operational capacity to 790 MW/926 MWh, with further expansion expected to reach 1072 MW/1696 MWh by the end of the year.
Gresham House Energy Storage Fund plc has successfully energized its Penwortham project, a 50 MW/50 MWh battery energy storage system located in Lancashire. Plans are underway to double the capacity of the project to 50 MW/100 MWh, with completion expected in the coming months. This achievement boosts GRID’s operational capacity to 790 MW/926 MWh, marking a significant milestone for the company.
Ben Guest, the Fund Manager of Gresham House Energy Storage Fund plc, expressed his satisfaction with the progress of the Penwortham project and the overall development of the company’s operational sites. The company remains focused on completing its pipeline projects in a timely manner, aiming to reach a capacity of 1072 MW/1696 MWh by the end of the year. The completion of these projects is expected to positively impact the company’s earnings and cash flow per share in 2024.
The latest issue of Energy Global magazine covers the development of battery storage sites as a solution to curtailed energy, with a regional report on renewables in Europe. The issue also includes technical articles on electrical infrastructure, turbine and blade monitoring, battery storage technology, coatings, and more. For more information and updates on the renewable energy industry, readers can access the article online at the provided link.