Asset manager Gresham House has agreed to acquire Peer Susi Partners, with the combined entity one of Europe’s ten largest energy transition in investors.
Gresham House and the shareholders of Susi Partners established Susi Partners of Switzerland have concluded a definitive agreement that will see Sham House Holdings Limited Susi Partners AG last week (September 19) in the United Kingdom Limited Susi Partners AG.
They said that the merger combines the market leadership of Gresham House in the UK Battery Energy Storage System (Bess) Market, via the Gresham House Energy Storage Fund (Grid), with Susi’s stock and credit expertise in the global energy transition infrastructure. It expands the reach of Gresham House in Continental Europe and Asia.
Susi’s CEO Marco van Daele will lead the newly combined Energy Transition Division. The combined energy transition companies of the two companies are £ 2.7 billion in assets under management (AUM), one of the top ten largest in Europe.
Susi is aimed at energy transition -infrastructure, including the production of renewable energy, energy efficiency, energy storage and the electrification of transport and heating. Gresham House invests in these areas plus forestry, natural capital, real estate and public and private equity.
Tony Dalwood, CEO of Gresham House, said: “Worldwide investments in energy transition reached a record of $ 2.1 trillion last year and would have to rise annually by 2035 to $ 5 trillion to reach the net zero missions by 20503.
Combined 1GW+ UK battery storage, international assets
Via Grid, Gresham House owns and operates more than 1 GW British Bess projects, after he recently completed his portfolio with a Project Energization in Yorkshire.
In the meantime, Susi was also an early mover on the British Bess market, which is one Joint Venture (JV) with developer Eelmacht Those seven projects have used a total of a few hundred megawatts (MW).
However, the recent curriculum activity of the company has mainly been abroad, with remarkable large-scale projects in Chile and Texas, US (Covered by our sister site energy storage.). In recent years it has also been active in the implementation of solar energy in those two regions, Plus Poland, Italy and Australia (see sun coverage of Our other sister site PV Tech).
