Gresham House has raised £100 million – half its £200 million target – to list its energy-storage fund on the London Stock Exchange, reports Solar Power Portal. Gore Street Capital raised £30.6 million in May against its target of £100 million.

The proceeds of the Gresham House issue will be used to acquire 70MW of operational batteries, previously developed by Gresham House New Energy and Noriker Power, for a consideration of £57.22 million, the report said.