On 1 January 1950, the station ownership was assumed by the Falkland Islands Dependencies Survey. The station was manned from 1 January 1952 to 13 November 1969. The British Antarctic Survey provided the British presence at the station until 1982.
At the beginning of the Falklands War on 3 April 1982, Argentine forces occupied South Georgia and closed the station. They were soon expelled during Operation Paraquet later the same month and British military forces retook the point. A series of civilian Marine Officers was appointed to carry out customs and fisheries duties for the South Georgia Government from 1991, and were billeted with the small garrison.
On 22 March 2001, the British Antarctic Survey reopened the station on behalf of the Government of South Georgia and the South Sandwich Islands (GSGSSI). Most of the old, dilapidated (and arguably historic) buildings were destroyed to make way for new ones, with the exception of Discovery House (1925) and the Gaol (1912).
Currently twelve BAS personnel overwinter at the station, rising to around 22 in summer. Two Government Officers plus partners are stationed on KEP, overlapping by about three months during the busy winter fishing season. Summer staff from the Museum at Grytviken are also accommodated at KEP.
The continued occupation of the station serves a political purpose as well: it helps to maintain British sovereignty against Argentina's claim for ownership of the territory.
The chief activities of the station are applied fisheries research on behalf of the Government of South Georgia and South Sandwich Islands, to assist its policies for sustainable management of the commercial fishery, and to provide logistic support for the Government Officer(s).
King Edward Point and Grytviken have a tundra climate (KöppenET) with long, cold winters and short, cool summers. The highest temperature ever recorded at Grytviken/King Edward Point was 28.8 °C (83.8 °F) on 10 March 1922.[3]
Climate data for Grytviken/King Edward Point (normals and extremes 2006–2020)
^ ab"Temp/Rain 1901–1950"(PDF). Globalbioclimatics. April 2012. Archived from the original(PDF) on 1 August 2020. Retrieved 10 December 2018.
^ abCappelen, John; Jensen, Jens. "South Georgia–Grytviken"(PDF). Climate Data for Selected Stations (1931–1960) (in Danish). Danish Meteorological Institute. p. 242. Archived from the original(PDF) on 27 April 2013. Retrieved 10 December 2018.