Core Insights - Elements Green has secured £140 million in debt financing for its 360MW/720MWh battery storage project in Staythorpe, Nottinghamshire, marking a significant milestone in its transition to a large independent power producer (IPP) [1] - Gresham House Energy Storage Fund (GRID) has raised £8.6 million in equity investment to expand its Glassenbury battery project, increasing its storage capacity from 38 MWh to 110 MWh [2] - GRID anticipates a 22% increase in its share of EBITDA over the project's lifecycle due to the expansion, with a positive impact on the net asset value (NAV) expected to be reported in September 2025 [3] Group 1: Elements Green - The Staythorpe project is under construction and is expected to be operational by mid-2027, providing essential grid balancing capabilities and supporting the UK's long-term net-zero emissions goals [1] - The project has a solid commercial foundation, including a 15-year capacity market contract and a long-term revenue guarantee agreement with EDF, enhancing its financing capabilities [1] - Mitie is responsible for engineering and construction services, utilizing the latest battery storage technology from Hecate Energy [1] Group 2: Gresham House Energy Storage Fund (GRID) - The Glassenbury project expansion has received planning approval, with construction set to begin in July and completion targeted for December 2025 [2] - The new equity investment allows UAB E Energy Invest (EEI) to acquire a 35% stake in the Glassenbury project, while GRID retains a 65% indirect ownership [2] - GRID plans to initiate seven additional expansion projects in 2025 and early 2026, funded through refinancing, which will significantly enhance the overall value of its portfolio [3] Group 3: Strategic Partnerships - GRID has signed a series of revenue optimization agreements with Statkraft for its existing 412MW battery storage asset portfolio, ensuring minimum income guarantees to support further expansion and refinancing [4] - Statkraft will leverage its expertise in asset optimization and algorithmic trading to enhance the performance of GRID's asset portfolio, which now exceeds 3GW under management in the UK [5]

Core Viewpoint - Shell plc announced the interim dividend for the first quarter of 2025, set at US$0.358 per ordinary share, with options for shareholders to receive dividends in US dollars, euros, or pounds sterling [1][2]. Dividend Payment Details - Shareholders who submitted valid currency elections by June 2, 2025, will receive dividends of US$0.358, €0.3136, or 26.41p per ordinary share, depending on their chosen currency [2]. - Dividends payable in euros and pounds sterling have been converted from US dollars based on average market exchange rates from June 4 to June 6, 2025 [4]. - The dividend payment date is set for June 23, 2025, for shareholders listed on the Register of Members as of May 16, 2025 [4]. Taxation and Currency Election - Shareholders are advised to consult their tax advisors regarding the tax treatment of dividends [5]. - Different currency election deadlines may apply to shareholders holding shares through various financial institutions, and they are encouraged to check with their brokers for specific deadlines [6].

2、阿尔伯塔省失控野火已导致35万桶/日重质原油突然断供，相当于全国产量的7%，且火势正在逼近日产能47万 桶的核心产区。（来源：Bloomberg） 3、俄罗斯天然气工业股份公司（Gazprom PJSC）悄然搁置了在土耳其开发一个新的天然气分销枢纽的计划，从而 失去了在俄乌冲突爆发后丢掉的欧洲市场重新站稳脚跟的潜在机会。随着通往德国的北溪管道停运，以及途经乌 克兰的天然气运输将于2024年到期，该公司一直在研究把土耳其作为重返欧洲的途径，土耳其已经连接了俄罗斯 的两条主要管道，欧洲曾经是该公司最大的出口市场。尽管俄罗斯总统普京最近在去年10月力捧这一提议，但它 始终面临着重大挑战。在几个月来考虑了各种选择后，该公司得出结论认为这是不可行的，并基本上停止了这项 工作。（来源：Bloomberg） 加拿大山火肆虐影响原油供应 市场要闻与重要数据 1、纽约商品交易所7月交货的轻质原油期货价格上涨89美分，收于每桶63.41美元，涨幅为1.42%；8月交货的伦敦 布伦特原油期货价格上涨1.00美元，收于每桶65.63美元，涨幅为1.55%。SC原油主力合约收涨0.86%，报469元/桶。 原油日报 | 2025- ...