- Dividends on two battery storage funds have fallen victim to financial pressures
- National Grid is set to increase its use of battery storage assets
Two of the three UK-listed battery storage investment trusts have canned their dividend payouts as problems in the subsector put revenues under pressure.
Last week, Gresham House Energy Storage (GRID) cancelled a quarterly dividend, unveiled a share buyback programme and vowed to "recalibrate" its 2024 payout target on 1 February in the face of tough market conditions, with Harmony Energy Income (HEIT) also announcing that it would postpone its first payout of the year.