Gresham House Energy Storage Fund plc has completed its investment in the 50MW battery project located near Thurcroft, to the east of Rotherham ("Thurcroft" or the "Project"). Thurcroft is GRID's larger project to date and was acquired for a total enterprise value of £32.5 million (plus up to £0.75 million of deferred contingent consideration). Thurcroft is a battery-only site with 50MW export/import capacity, and 75MWh storage capacity. It is connected to the distribution network and the commissioning tests have now been successfully completed. The Project is expected to generate its revenues from trading whereby it imports and exports power in order to earn income from the wholesale market, and from National Grid's FFR tenders and Balancing Mechanism. Since energisation, this asset has also provided frequency response capacity under the new dynamic containment service procured by National Grid. Following the completion of the Thurcroft acquisition, GRID expects to shortly complete the acquisition of the 50MW Wickham project, bringing the Portfolio to a capacity of 315MW.