Gresham House Plans €1 Billion Fund for Battery Storage

Gresham House plans to raise a fund targeting roughly €1 billion ($1.2 billion) to give investors access to the growing market for battery-storage systems, according to a person familiar with the matter.

The London-based alternative asset manager intends for the fund to focus on battery investments in Europe, the person said, declining to be identified discussing non-public information. The goal will be utility-scale battery deployment, the person said.