Gresham House Energy Storage Fund, the UK’s largest fund investing in utility-scale battery energy storage systems (BESS), has announced the conditional acquisitions of Cockenzie (240MW) in East Lothian, and Monet’s Garden (57MW) in North Yorkshire.
This follows the signing in November of a sale and purchase agreement for the then conditional acquisition of the 100MW battery project in Elland in West Yorkshire.
The acquisitions of Elland 2 and Monet’s Garden have now completed and ownership has been transferred to GRID.
Both Cockenzie and Monet’s Garden have been designed to a two-hour duration and can be extended to a longer duration in due course.
The acquisition of Cockenzie remains conditional on, among other things, the company receiving connection offer from the National Energy System Operator (NESO).
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