Asset management firm Gresham House has announced that it plans to launch an investment trust in the renewable energy sector, with an initial public offering (IPO) target of £200mn.

Reported by Investment Week on Thursday 4 October, the Gresham House Energy Storage fund will provide National Grid with utility-scale energy storage systems and support the development of renewable energy generation such as wind and solar. It is looking to launch in early November 2018.

Head of Gresham House New Energy Benjamin Guest said: “We believe energy storage has significant potential from an institutional investment standpoint and is the key to a renewable energy future in the UK.”

Investment Week