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Supporting the shift from finite resources by harnessing the power of renewables and battery energy storage
We focus on sustainable, transformative technologies that we believe offer the potential for strong financial returns, while supporting the transition to a more sustainable world.
This includes investment into battery energy storage, ground and roof-mounted solar and onshore wind.
Renewable energy’s market share in the UK is forecast to double from 40% to 80% by 20501 as the country moves from relying on fossil fuels towards an energy mix dominated by renewable energy and supported by battery energy storage.
We believe that energy demand should double in the same period.
Our research suggests that this backdrop presents an exciting >£80bn investment opportunity – and that’s just in the renewables sector.
1. BEIS, 2021
In tandem with the growing penetration of renewables, we expect to see a significant increase in demand and need for battery energy storage.
In the UK we currently have c.1.25GW installed battery energy storage capacity.1
In the next 2-3 years, to avoid significant imbalances on the electricity grid, this capacity needs to increase tenfold.
1. BEIS, 2021
We believe there is an exciting opportunity for solar and wind assets to be ‘collocated’ with battery energy storage systems “BESS”.
Collocated projects – also known as ‘co-located’ – are broadly defined as two technologies sharing the same grid connection point, typically within the same site. Sharing a grid connection point is intended to reduce upfront cost, and the renewable energy projects target enhanced returns from the additional, uncorrelated BESS revenues.
We see collocation as a way to support a cost-effective energy transition.
As a market leader in battery energy storage and a long-standing manager of renewable energy assets, Gresham House is well-placed to manage collocated projects, and we have recently acquired projects in both England and Ireland.
Solar assets are now an integral part of the UK’s generating capacity. In the UK, solar generation amounts to around 4% of electricity supply on an annual basis1 but during the summer months output meets over a third of our electricity demand.
Solar assets are the most established renewable energy technology in the UK, based on capacity installed. Technical innovation has made solar amongst the cheapest forms of renewable generation, meaning that new projects can be economically attractive without a reliance upon Government subsidies.
1. BEIS, 2021
Wind assets are the most established renewable energy technology in the UK based on the amount of power generated.
They account for around 24% of electricity supply on an annual basis.1
Given the UK’s plentiful wind resource, projects are economically attractive without a need for Government subsidy, though the Contracts for Difference scheme has historically offered strong support for the wind sector.
1. BEIS, 2021
Investors can access Gresham House’s New Energy investment opportunities through Listed vehicles, Unregulated Collective Investment Schemes (UCIS) or co-investment. For more information, please contact:
Institutions and investment consultants | Private investors |
Heather Fleming
|
Anthony Crosbie Dawson Director, Private Clients +44 (0)1451 843 096 a.crosbiedawson@greshamhouse.com |
In addition to our listed funds, the Gresham House New Energy investment team manages investment vehicles classed as unregulated collective investment schemes (UCIS). These are subject to restrictions on promotions to investors.
In order to receive information on these funds you must:
* Client Financial Information Form
Direct investments
Gresham House offers investors access to direct investments in renewable energy assets, which are subject to restrictions on promotions to investors.
For more details, please contact: Anthony Crosbie Dawson +44 (0)1451 843 096 | a.crosbiedawson@greshamhouse.com
Please download our Terms of Business. By completing this form you grant Gresham House permission to act on your behalf in the acquisition of renewable energy assets.
Co-investments
For information on Sustainable Infrastructure co-investment opportunities with Gresham House, please contact:
Heather Fleming, Managing Director, Institutional Business +44 (0)20 3873 5908 | h.fleming@greshamhouse.com
For information about our debt and corporate advisory services, please visit our partner firm TradeRisks’ website.
Gresham House Energy Storage Fund plc owns a growing portfolio of utility-scale operational battery energy storage systems (BESS) located in Great Britain.
Seeks to invest in a portfolio of unquoted companies that specialise in long-term renewable energy projects.
As with VCT 1, seeks to invest in unquoted companies specialising in long-term renewable energy projects.
Ben has been Managing Director and Head of the Gresham House New Energy division since November 2017.
He is the Fund Manager of Gresham House Energy Storage Fund plc, with assets under management (AUM) of over £500mn, and was, through 2020, also Fund Manager for the British Strategic Investment Fund (BSIF) strategy which grew AUM to £350mn under his leadership.
Ben started his fund management career at Lazard Asset Management in 1994 and worked there for nine years. He later founded Hazel Capital in April 2007, serving as Managing Partner and CIO and which became Gresham House New Energy on the acquisition of Hazel Capital’s business activities in November 2017.
Prior to founding Hazel Capital, he was a co-founder of Cantillon Capital, where he managed a US$1bn equity hedge fund focused on global technology, media and telecom.
Ben currently serves as a director of over 50, mostly project, companies.
He has 27 years of investment experience and holds a BEng in Mechanical Engineering from Imperial College.
Rupert has been the Managing Director of Gresham House Asset Management Ltd since September 2015. He is a member of the Group Management and Investment Committees.
Rupert has a proven track record of delivering significant value to shareholders and has over 32 years’ experience in asset management, private banking and wealth management, focusing on product innovation, investment management, business development, banking and wealth structuring.
Before joining Gresham House, Rupert was CEO and CIO of Schroders (UK) Private Bank for 11 years, and spent 17 years at Rothschild, where latterly he was Head of Private Clients for Rothschild Asset Management.
Gareth has been an Investment Director at Gresham House since November 2017. He joined the company following the acquisition of Hazel Capital where he was a Partner. Gareth is responsible for executing investments, particularly acquisitions, disposals and limited recourse financings of pre-and-post commissioned renewables projects.
Prior to joining Hazel Capital, he worked at Barclays Capital from 2001 to 2009, latterly as a Vice President for Barclays Natural Resource Investments, a c.US$1.5bn captive private equity fund investing in natural resources and renewable energy. Prior to that, he worked in the Structured Capital Markets divisions of Barclays Capital and Deutsche Bank, handling the acquisition and disposal of various asset-based companies.
He started his career in infrastructure project finance at NatWest Markets, advising on and financing a number of Private Finance Initiative (PFI) / Public Private Partnership (PPP) projects.
Gareth has over 20 years of experience and holds an MBA from Imperial College Business School, an MSc in Engineering Project Management and a BEng in Civil Engineering, both from the University of Manchester.
Wayne is an Investment Director in our New Energy division and has 29 years of technical, commercial, stakeholder and general management experience in the energy sector.
Before joining Gresham House, Wayne served as COO at FIM Services Ltd, and prior to that Wayne was an Onshore Wind Development and Construction Director for RWE Innogy.
He has overseen the construction of 17 wind farms (~400MW) and the sale of 12 wind farms (~200MW) over the past 12 years. He has also represented the industry on aviation matters as a director and vice chair of the Aviation Investment Fund Company Ltd.
Wayne is a Chartered Engineer and has a PhD in Engineering from the University of Sheffield. Wayne is also a registered adviser with the Financial Conduct Authority.
Peter joined Gresham House in January 2021 and is responsible for the unsubsidised renewables and collocation strategy within the New Energy team.
Peter has 14 years’ energy investment experience. Prior to joining Gresham House, Peter was an Investment Director at Foresight Group, where he worked for seven years. Whilst at Foresight, Peter focused on the European renewable energy sector, leading deals across the full project lifecycle (development capital, greenfield, brownfield and exit processes) and actively managing assets post-investment.
From 2012-2014, Peter was part of the Mergers & Acquisitions Team at Gazprom Marketing & Trading, working on power generation, metering and energy supply transactions. He started his career in PwC’s Deals Strategy team, advising financial and strategic buyers in the energy sector.
Peter is passionate about the need for further renewable energy deployment and has a track-record working with developers on complex greenfield projects.
He holds a BA in Geography from the University of Oxford.
Lefteris joined Gresham House in March 2023 and is responsible for sourcing and executing energy storage investment opportunities.
Lefteris has over 15 years of experience in infrastructure and energy transition investments. He has held principal investment and advisory roles with large institutions such as Columbia Threadneedle Investments, National Pension Service of South Korea (NPS), Macquarie, and Société Générale, as well as corporate and business development roles with Libra Group and Maple Power.
He is a seasoned investor who has worked across a range of sectors including solar PV, onshore and offshore wind, anaerobic digestion, and hydroelectric power.
Lefteris holds a MSc in Finance from Imperial College London and a BSc in Management Science from Athens University of Economics and Business.
James joined Gresham House in May 2018, following the acquisition of FIM Services Ltd.
James is Fund Manager of Gresham House Solar Distribution LLP. James takes an active role in the day-to-day management of the fund including reporting, asset management, capital rising, acquisition of new assets and conducting valuations. Prior to joining Gresham House, he worked at J.P. Morgan, RWE Supply and Trading and latterly at Computershare Investor Services as an Equity Dealer, managing a range of global share plans and option schemes on behalf of corporate clients.
James has over ten years of experience in financial services and holds a BA (Hons) in Business Administration from the University of Plymouth. He has also obtained the Investment Management Certificate and is enrolled as a Level II candidate in the CFA program.
Based in our Oxford office, Suzy works in the asset management team for our renewables portfolio. Suzy has been involved in the construction, financing and operational management of over 100 MW of onshore wind and solar assets on behalf of investors.
Previously, Suzy worked as a Senior Investment Analyst for Sun Life Financial of Canada and Lincoln Financial Group.
Suzy holds a first-class BSc (Hons) in Mathematics and Statistics from the University of Bath.
James is an Investment Manager at Gresham House. James moved to the New Energy team in 2019 after joining Gresham House in 2018 as part of Gresham House Ventures, having previously been at Livingbridge since 2016.
James’ current role covers a broad range of work across fund management and new investments, primarily focused on energy storage and renewables. Amongst other things he is responsible for modelling for the energy storage fund, both at fund level and for new investments drawing on his experience and understanding of BESS markets. Prior to joining the New Energy team, he worked as an Analyst covering mostly early-stage companies in the Venture Capital and Equity Fund vehicles as part of Gresham House Ventures. This role provided experience with investment decisions across a variety of markets as well as exposure to growth companies and management of quoted investment vehicles.
His career started in TMT audit at EY where he spent three years and qualified as a chartered accountant.
James holds a first-class Master’s degree in Mathematics from Durham University.
Samuel has joined Gresham House as a Q&M Engineer in our New Energy team.
Before Gresham House, Samuel served in the military between 2009 and 2022, gaining a wealth of experience including but not exhaustive of working in a team, clear, concise and timely passage of information, diligence, and sheer determination.
After exiting the military in 2022, Samuel has gained vast experience in renewable energy, particularly Solar PV, and has worked on and completed a 3.8-megawatt Solar project at Sky Studios in Borehamwood.
Samuel will be responsible for ensuring maintenance and availability across our New Energy sites.
Fernando joined Gresham House in May 2021 and is focused on the design, development and deployment of processes and procedures that allow the New Energy team to increase MW under management each year.
Fernando has 15 years’ experience in the Renewable Energy sector, specifically in the Solar PV industry. Prior to Gresham House, he was Global Head of Technical for a 2.2GW Solar PV portfolio at WiseEnergy (Next Energy Group company), focused on the operation of their Solar PV assets and increasing overall revenues.
Fernando holds a BEng in Industrial Engineering from the University of Castilla-La Mancha and an MSc in Energy and Sustainability with Electrical Power Engineering from the University of Southampton. He also holds a Global Executive MBA from IESE Business School, Barcelona.
Sarah joined Gresham House in January 2023 as an Asset Manager in our New Energy team.
Sarah has over seven years of experience in the Renewable Energy industry, focused to date on Solar PV.
In her previous role, Sarah spent five years as a Senior Technical Manager assisting in the asset management for a 523MW solar portfolio. As part of her role she was responsible for overseeing the day to day performance of the assets, alongside developing projects focused on asset optimisation.
Sarah holds a BSc in Geological Sciences from the University of Leeds and an MSc in Environmental Strategy from the University of Surrey.
Carole oversees Gresham House’s renewable assets portfolio and acts as Fund Manager for one of the wind funds.
Carole joined Gresham House as part of the FIM Services Ltd integration, and has been involved in the origination, financing, construction and management of all of the previously FIM-branded renewable assets.
Prior to joining FIM, Carole worked across several sectors including technology, software and travel as a Finance and Operations Director following qualification as a Chartered Management Accountant.
Harry joined Gresham House in April 2023.
Prior to joining Gresham House Harry worked as an Auditor at Grant Thornton for three years focussing primarily on technology and media businesses.
Harry holds a first-class Master’s degree in Chemistry from the University of Oxford and qualified as a chartered accountant in September 2022.
Chloe joined Gresham House in July 2019, having spent over three years in infrastructure operations at Oxford Capital. Prior to Oxford Capital, she was Acquisitions Manager at Inazin and a Project Officer at TRW, a ZF Group company. She holds a BSc (Hons) in Zoology from the University of Nottingham and an MBA from RAC, Cirencester.
Elliot joined Gresham House in October 2022 to support the daily operations of the asset management team.
Previously, Elliot worked at Anesco Ltd as a Performance Analyst, where he was responsible for the operation and maintenance of 240MW of solar assets across the UK and Europe.
Elliot holds a BA (Hons) in Business Management from Regent’s University London.
Charlie is an Investment Director in the Gresham House New Energy team. His current role began in February 2021, following a year in the team as a contractor. He is responsible for executing investments in infrastructure projects such as energy storage systems, whether acquired before construction or when already operational.
Charlie has extensive experience in the development, funding and asset management of distributed energy infrastructure projects assisting both investment managers and project developers at every stage of bringing their projects to fruition. He has worked on projects in a wide range of technologies including solar PV, hydroelectric power, anaerobic digestion, combined heat and power, thermal heat networks, gas peaking and grid-scale battery storage.
He started his career over 20 years ago as a commercial solicitor before transitioning to renewable energy, working with investment management firms for the last nine years.
Charlie studied science of materials at Trinity College Dublin and has an MBA from INSEAD, France.
Nikos joined Gresham House in September 2023 as a Technical Asset Manager in the New Energy team.
Nikos has 10 years’ experience in the Renewable Energy sector, specialising in solar energy. Before joining Gresham House, he served the last 3 years at Lightsource Labs (subsidiary of Lightsourcebp) as a Senior Technical Operations Manager. In this position, Nikos managed and operated residential solar hybrid Power Purchase Agreement (PPA) assets across the United Kingdom, ensuring their optimal performance.
Nikos holds an MSc in Renewable Energy Engineering from the Kingston University of London and a BEng in Electrical Engineering from the Technological Educational Institution of Chalkida (Greece).
Heather is Managing Director, Institutional Business and a member of the GHAM Board.
Prior to joining Gresham House, Heather spent seven years at Fidelity International, latterly as Head of Institutional Distribution for UK & Ireland. She also previously held business development and client relationship positions at BankInvest, Capital International and Gartmore where she focussed on U.K & Ireland and Nordic institutional investors.
Heather has over 25 years of financial experience and holds a BA (Hons) in Politics from Durham University and the Investment Management Certificate from the CFA Society of the UK.
Jamie joined Gresham House in October 2022 as a Client Services Associate within our Institutional Distribution team.
He previously spent five years at Cazenove, the wealth management arm of Schroders as a Client Services Executive within their Charities team. Prior to that, Jamie worked within the UK Retail Sales team at Schroders.
Jamie holds the CFA Institute Investment Foundations Certificate and Unit 1 of the IMC.
Keisha-Ann joined Gresham House in November 2020 as part of the Institutional Sales team and is responsible for institutional business development and consultant relations, fundraising across Gresham House’s Real Assets strategies.
Prior to Gresham House, she spent five years at quantitative investment manager, Winton, where she was responsible for investor relations coverage of investment consultants and Winton’s global institutional and wholesale clients including pension funds, sovereign wealth funds, investment banks, family offices and endowments.
Keisha-Ann holds a BA (Hons) in Geography from the University of Leeds.
Claire joined Gresham House in August 2023 as Head of Business Development in the UK and Irish Institutional market.
Prior to Gresham House, Claire worked at Schroders for ten years and held positions as Head of Sustainability UK and Co-Head of the UK Institutional Business.
Claire started her career at M&G Investments, before moving to Baring Asset Management where she spent 11 years with the last six years in a UK Institutional Business Development role.
Claire is IMC qualified and has obtained the CFA ESG certificate.
David joined Gresham House in June 2023 as an RFP Analyst within our Institutional Distribution team. He is responsible for ensuring the consistency and quality of the firm’s investment proposal content and processes as well as contributing to the production of marketing materials.
David has over 15 years of experience within financial services distribution, having worked with a number of global fund management firms as an investment and RFP writer and business manager.
He holds an MA (Hons) in Modern Languages from the University of St Andrews and the Investment Management Certificate.
Alastair joined Gresham House in 2023 and is responsible for growing and maintaining relationships with institutional asset owners and consultants.
Alastair has over 15 years’ experience working with institutional investors. Prior to Gresham House, Alastair worked at Ninety One where he was responsible for business development with UK institutions. Prior to Ninety One, Alastair held business development and client management positions at Goldman Sachs Asset Management, focussing on the UK and Ireland.
Alastair holds a BA in Management Studies from Nottingham University, the CFA Certificate in ESG Investing and is a CFA charter holder.
Liz joined Gresham House from Legal & General Investment Management, where she was an Investment Reporting Analyst working with Institutional clients.
Prior to Legal & General, Liz held roles as a Client Service Analyst at Wellington Management, covering the Global Wealth channel in Europe and Asia, and as an Investor Relations Specialist at NewSmith Asset Management.
Liz holds the Investment Management Certificate and has a BA in French & Spanish from University College London.
Anthony’s background is in investment banking, having previously worked for international firms in London, New York and South America, including Macquarie and Merrill Lynch. At Gresham House, he is responsible for business development, marketing and sales for our forestry and new energy assets, also managing one of the funds.
Anthony has a BA (Hons) in History from Newcastle University and is an Investment Management Certificate holder. He is also a registered adviser with the Financial Conduct Authority.
Chris is Head of Wholesale Distribution and joined Gresham House in July 2021.
Prior to this he was Head of Strategic Partnerships at LGBR Capital where he focused on developing key strategic relationships in the UK discretionary market. He was one of the founding members of LGBR Capital, helping to grow the business from launch in 2012 into one of the largest outsourced distributors in the UK.
Chris previously held business development and client relationship positions at Matrix Asset Management and Goldman Sachs.
Chris has 14 years’ industry experience and holds a BSc (Hons) in Economics from Queen Mary, University of London. He is a CAIA Charterholder and has passed both the Certificate in ESG Investing and the Investment Management Certificate from the CFA Society of the UK.
Andy has over 20 years’ industry experience and joined Gresham House in October 2019 after spending two years at BNP Paribas. Prior to this he spent six years as investment sales director at BNY Mellon, focusing on family offices and the London discretionary market.
He has also worked in the business development team at Skandia Investment Management, helping launch the Spectrum range of funds. He holds a BA (Hons) in Economics, the CFA Certificate in Investment Management, the CFA Certificate in ESG Investing, the CII Certificate In Discretionary Investment Management, the CII Certificate in Investment Operations and the CII Diploma in Financial Planning.
Rees joined the Wholesale Distribution team in July 2022.
Prior to joining Gresham House, Rees worked within the UK Investor Relations team at Comgest Asset Management and within the Asset Management team at Willis Towers Watson.
Rees is currently studying for his Investment Management Certificate.
Anthony’s background is in investment banking, having previously worked for international firms in London, New York and South America, including Macquarie and Merrill Lynch. At Gresham House, he is responsible for business development, marketing and sales for our forestry and new energy assets, also managing one of the funds.
Anthony has a BA (Hons) in History from Newcastle University and is an Investment Management Certificate holder. He is also a registered adviser with the Financial Conduct Authority.
Heather is Managing Director, Institutional Business and a member of the GHAM Board.
Prior to joining Gresham House, Heather spent seven years at Fidelity International, latterly as Head of Institutional Distribution for UK & Ireland. She also previously held business development and client relationship positions at BankInvest, Capital International and Gartmore where she focussed on U.K & Ireland and Nordic institutional investors.
Heather has over 25 years of financial experience and holds a BA (Hons) in Politics from Durham University and the Investment Management Certificate from the CFA Society of the UK.
Jamie joined Gresham House in October 2022 as a Client Services Associate within our Institutional Distribution team.
He previously spent five years at Cazenove, the wealth management arm of Schroders as a Client Services Executive within their Charities team. Prior to that, Jamie worked within the UK Retail Sales team at Schroders.
Jamie holds the CFA Institute Investment Foundations Certificate and Unit 1 of the IMC.
Keisha-Ann joined Gresham House in November 2020 as part of the Institutional Sales team and is responsible for institutional business development and consultant relations, fundraising across Gresham House’s Real Assets strategies.
Prior to Gresham House, she spent five years at quantitative investment manager, Winton, where she was responsible for investor relations coverage of investment consultants and Winton’s global institutional and wholesale clients including pension funds, sovereign wealth funds, investment banks, family offices and endowments.
Keisha-Ann holds a BA (Hons) in Geography from the University of Leeds.
Claire joined Gresham House in August 2023 as Head of Business Development in the UK and Irish Institutional market.
Prior to Gresham House, Claire worked at Schroders for ten years and held positions as Head of Sustainability UK and Co-Head of the UK Institutional Business.
Claire started her career at M&G Investments, before moving to Baring Asset Management where she spent 11 years with the last six years in a UK Institutional Business Development role.
Claire is IMC qualified and has obtained the CFA ESG certificate.
David joined Gresham House in June 2023 as an RFP Analyst within our Institutional Distribution team. He is responsible for ensuring the consistency and quality of the firm’s investment proposal content and processes as well as contributing to the production of marketing materials.
David has over 15 years of experience within financial services distribution, having worked with a number of global fund management firms as an investment and RFP writer and business manager.
He holds an MA (Hons) in Modern Languages from the University of St Andrews and the Investment Management Certificate.
Alastair joined Gresham House in 2023 and is responsible for growing and maintaining relationships with institutional asset owners and consultants.
Alastair has over 15 years’ experience working with institutional investors. Prior to Gresham House, Alastair worked at Ninety One where he was responsible for business development with UK institutions. Prior to Ninety One, Alastair held business development and client management positions at Goldman Sachs Asset Management, focussing on the UK and Ireland.
Alastair holds a BA in Management Studies from Nottingham University, the CFA Certificate in ESG Investing and is a CFA charter holder.
Liz joined Gresham House from Legal & General Investment Management, where she was an Investment Reporting Analyst working with Institutional clients.
Prior to Legal & General, Liz held roles as a Client Service Analyst at Wellington Management, covering the Global Wealth channel in Europe and Asia, and as an Investor Relations Specialist at NewSmith Asset Management.
Liz holds the Investment Management Certificate and has a BA in French & Spanish from University College London.
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