Gresham House UK BESS fund hedges against volatility via two-year fixed-price toll with utility Octopus
- Admin
- Jun 5, 2024
- 1 min read
Utility Octopus Energy has signed a two-year fixed price contract with Gresham House Energy Storage Fund (GRID) in the UK, covering 568MW/920MWh of its BESS assets. The agreement will generate annual revenues of £43 million for GRID. Octopus Energy will use the BESS projects' batteries at a price determined by the duration of the assets. CGI, a superior mix of contractual and merchant revenues, aims to mitigate risks and provide a higher price for GRID's CPI tolling agreement.
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