Gresham House Energy Storage Fund warns of challenging revenue in UK battery storage sector, risks dividend cover in 2024.

Gresham House Energy Storage Fund has issued a trading update, citing a challenging revenue environment in the UK battery storage sector. The fund, which owns battery assets, has not declared a dividend for the fourth quarter of 2023 and warns that if the current revenue environment continues, it may be difficult to generate the cash needed to cover dividends in 2024. The fund's operational capacity is expected to reach 1,072MW by the end of the year, from 740MW currently.

February 01, 2024
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