harmony energy income trust

According to the acquisition announcement, Drax sees the takeover as a “compelling opportunity” to add operating BESS assets to the wider Drax group’s FlexGen portfolio. Image: Harmony Energy Income Trust.

Drax lodges £200 million cash offer for Harmony Energy Income Trust

March 26, 2025
Drax has outbid Foresight Group LLP to acquire the share capital of the publicly-listed Harmony Energy Income Trust (HEIT) for £200 million.
green bess units close up

Harmony Energy Income Trust reaches final stage of portfolio sale

December 20, 2024
Harmony Energy Income Trust (HEIT) has announced that it has reached a new milestone in the sale of its entire UK portfolio.
BESS units lined up, stretching away from the camera, between two green fields

Harmony Energy Income Trust energises 82.9MW of BESS capacity

September 12, 2024
Harmony Energy Income Trust (HEIT) has today (12 September) announced that it has energised two major UK battery energy storage systems (BESS).
HEIT's 98MW/196MWh Pillswood BESS project. Image: Harmony Energy.

Harmony Energy Income Trust’s BESS portfolio sale ‘progressing’ with offers expected

August 23, 2024
Harmony Energy Income Trust (HEIT) expects to receive offers for battery storage assets in its UK portfolio by the end of September.
The BESS will operate through Tesla’s algorithmic trading platform, Autobidder, which has already been deployed at other Harmony projects. Image: Harmony Energy.

Harmony Energy Income Trust powers up 35MW Yorkshire BESS

August 2, 2024
Harmony Energy Income Trust has announced that its 35MW/70MWh battery energy storage project in North Yorkshire has been successfully energised.
A dark green battery energy storage system, outside, under a blue sky

Harmony Energy Income Trust interim results: ‘the worst is behind us’

June 27, 2024
Harmony Energy Income Trust (HEIT), a leading battery energy storage system (BESS) investment firm, has released its interim results for the six months to April 30 2024.
A dark green battery energy storage system, outside, under a blue sky

Harmony Energy Income Trust considers selling BESS portfolio, scraps dividend

May 31, 2024
Harmony Energy Income Trust (HEIT) has cancelled its first quarter dividend and appointed JLL to sell some or all of its BESS portfolio, partly to demonstrate that the fund is undervalued by the markets.
A battery storage site next to a green field on the left. Cloudy skies and concrete ground

HEIT predicts it can generate ‘attractive returns’ despite revenue woes

February 28, 2024
HEIT has predicted that it can generate “attractive returns” despite the ongoing woes in GB energy storage market revenues.
Aerial view of HEIT's 99MW/198MWh Bumpers project in Surrey. Image: Harmony Energy Income Trust.

HEIT revenues ‘markedly lower’ due to ‘weak revenue environment for BESS’

February 2, 2024
Harmony Energy Income Trust (HEIT) signaled that BESS revenues for the year ended 31 October 2023 were markedly lower year-on-year.
Aerial view of HEIT's 99MW/198MWh Bumpers project in Surrey. Image: Harmony Energy Income Trust.

Harmony Energy Income Trust energises ‘joint-biggest BESS in Europe’

October 17, 2023
Harmony Energy Income Trust has energised two grid-scale BESS assets, including one of the same size as flagship ‘largest project in Europe’.

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