By Joe Hoppe Gresham House Energy Storage Fund PLC said Monday that it sees 2021 revenue comfortably ahead of expectations, and that it expects earnings before interest, taxes, depreciation and amortization to more than double. The U.K. utility-scale battery-storage fund said it expects revenue from its asset portfolio to exceed its models, but didn’t provide a figure.
The company said Ebitda is anticipated to be more than 40 million pounds ($54.4 million), compared with GBP15.6 million in 2020. Gresham said it expects to achieve full dividend cover in 2022 for its dividend target of 7.0 pence a share. “We continue to work towards the commissioning of our extensive pipeline, as well as continuing to grow it. We are excited about the impact that achieving these milestones will have on the prospects for earnings growth and [net asset value] progression in…