An energy storage company set up to exploit the huge volatility in wholesale power prices is trying to raise £150 million to buy more sites for its shipping containers full of batteries.Gresham House Energy Storage announced a placing to help finance the purchase of ten new projects, which it said would boost its power capacity by 747 megawatts eventually to 1,597MW.It plans to move to a main listing on the stock market, which on its current valuation would push it into the FTSE 250 index of middle-sized companies.If the new capital-raising is successful, the company will have raised £500 million from investors since 2018.The company, whose stockmarket ticker is GRID, buys power from the national grid when it is plentiful and
Gresham House Energy Storage to raise £150m to power growth | Business
