Gresham House Energy Storage Fund has acquired two operational battery storage facilities totalling 50MW from VLC Energy for £29.2 million. The facilities comprise a 40MW facility at Glassenbury, Kent, and a 10MW facility at Cleator Moor, Cumbria that were commissioned in January 2018. The plants are two of the UK's energy storage facilities. Their combined 50MW capacity represents a quarter of National Grid's 2016 Enhanced Frequency Response (EFR) capacity. The acquisition increases the total capacity of operational utility-scale battery storage projects in the Fund's portfolio to 125MW, this figure increasing to 174MW when the previously announced acquisition of the 49MW project, located at the Red Scar Business Park, is included. The Red Scar facility is currently undergoing commissioning, with the acquisition expected to complete in the near future. Both Glassenbury and Cleator achieved 'G59' commissioning in late 2017 and have EFR contracts to January 2022 awarded following National Grid's 2016 EFR auction and provide sub-second responses to frequency deviations on the national grid. These facilities also benefit from 15-year 2016 Capacity Market contracts. The facilities are backed by 30-year site leases (c.28 years remaining). In addition, the 40MW Glassenbury facility has significant potential to offer Reactive Power (RP) revenue earning services.