Core Viewpoint - Gresham House Energy Storage Fund (GRID) has signed long-term minimum revenue agreements with Statkraft and Markel Bermuda, which will partially replace its existing capacity lease agreement with Octopus Energy after it expires next year. This strategic move aims to optimize risk-adjusted returns and ensure stable revenue streams for GRID. Summary by Sections Section 1: New Agreements - The new minimum revenue agreements cover a total capacity of 789MW, which represents approximately 74% of GRID's 1072MW battery storage asset portfolio [2][3]. Section 2: Financial Implications - The agreements with Statkraft and Markel Bermuda will provide GRID with a guaranteed minimum annual income of at least £35 million (approximately $47.61 million) after the expiration of the current lease agreement with Octopus [3]. - The expected total minimum revenue from these agreements, including capacity market income projected to reach £11 million by 2026, will amount to £46 million [3]. Section 3: Comparison with Previous Agreements - The previous capacity lease agreement with Octopus Energy, which covers 568MW, was expected to generate £43 million annually, but this included capacity market income, making direct comparisons with the new agreements complex [3].