- Gresham House Energy Storage reported a rise in net assets since its IPO in November last year thanks to underlying growth in its portfolio.

For the period from November 2018 to 30 June 2019, net asset value per share rose 2.8% to 100.7p driven by cash generated by the portfolio, improved revenue forecasts and project-level value enhancements, the company said.

The company also reported strong share price performance since IPO; share price return growth was 5.4% to the end of June, with shares consistently trading at a premium to net asset value, reflecting strong demand.

'The Fund is very well positioned to build on its initial premise and to grow to significant scale and materiality. The Board and the Gresham House Team have the bench strength, capabilities and experience to create an impactful portfolio of high-performing assets in this sector which is becoming of critical national importance,' the company said.

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