Gresham House Energy Storage Fund plc announce that it has secured £155 million of incremental term debt through the Accordion arrangement contemplated under the existing senior debt facilities secured in September 2021. The interest rate remains unchanged at 300bp over SONIA while the term of the debt facility has been extended by two years. This incremental debt, together with the original £180m secured last year will be used to fund the Company's near term pipeline, as previously disclosed.

GRID was advised by Jefferies International Limited and Eversheds Sutherland in relation to the raise.