Gresham House Energy Storage Fund, a U.K.-based fund investing in utility-scale battery storage systems, announced the signing of two sale and purchase agreements for the conditional acquisitions of two energy storage projects. The projects include the 240 MW Cockenzie project in East Lothian and the 57 MW Monet’s Garden in North Yorkshire.
This deal follows the execution of the SPA in November 2025 for the then-conditional acquisition of the 100 MW battery energy storage project in Elland, West Yorkshire (Elland 2). The acquisitions of Elland 2 and Monet’s Garden have since been completed, with ownership formally transferred to the company. Both the Cockenzie and Monet’s Garden projects have been designed with a two-hour duration and include the potential to be extended to longer durations in the future.
John Leggate CBE, Chair of Gresham House Energy Storage Fund plc, said: “With the signing of these latest sale and purchase agreements, we are delighted that we closed out the year having substantially completed the heavy lifting for the next phase of the Three-Year Plan. “It is also gratifying that revised Queue Reform offers on all our projects are expected very soon and that the notifications provided to date have confirmed the protected status of the pipeline. “We look forward to making announcements on further progress in due course.”
The acquisition of Cockenzie remains subject to certain conditions, including the Company’s confirmation that the project will receive, or has received, an acceptable Gate 2 connection offer from the National Energy System Operator (NESO).
According to Mercom’s 9M and Q3 2025 Funding and M&A Report for Energy Storage report, there were 45 energy storage project M&A transactions in the first nine months of 2025 compared to 22 transactions in the same period of 2024.
In November, Premier Energy, an integrated energy provider in Southeastern Europe and a listed company on the Bucharest Stock Exchange, acquired a 100% stake in a ready-to-build battery energy storage project with a planned power input and output of 200 MW and an energy storage capacity of 400 MWh.
