The recent announcement of Gresham House Energy Storage Fund's tolling agreement with Octopus Energy represents a significant milestone in the battery storage industry. This agreement, which offers a fixed price for battery usage over two years, is poised to reshape the market. Ben Guest, Managing Director of New Energy & Fund Manager at Gresham House Energy Storage Fund, joins Quentin in today's episode to delve into this groundbreaking deal.Their conversation explores the rationale behind the agreement, examining both the technical and financial aspects, as well as its broader implications for the energy market and the evolving role of batteries within it.This tolling agreement involves approximately half of Gresham House's BESS portfolio in partnership with the UK's largest energy supplier, Octopus Energy. During their conversation, Quentin and Ben cover:

• The specifics of the landmark tolling agreement with Octopus Energy.
• The impact on the market, including changes in the business case for batteries.
• The anticipated changes in Gresham House's operational strategies.
• Ben's insights on the current state of the market.
• The future outlook for Gresham House Energy Storage Fund.

About our guestGresham House is a specialist alternative asset manager, offering funds, direct investments and tailored opportunities to a wide range of investors. Dedicated to sustainable investments with expertise in forestry, sustainable infrastructure, natural capital, renewable energy and battery storage, affordable housing and public and private equity. For more information, head to their site. About Modo EnergyModo Energy provides benchmarking, forecasts, data, and insights for new energy assets - all in one place.Built for analysts, Modo helps the owners, operators, builders, and financiers of battery energy storage solutions understand the market - and make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain and ERCOT.All of our podcasts are available to watch or listen to on the Modo Energy site. To keep up with all of our latest updates, research, analysis, videos, podcasts, data visualizations, live events, and more, follow us on Linkedin or Twitter. Check out The Energy Academy, our video series of bite-sized chunks explaining how different battery energy storage systems work.