Harmony Energy Income Trust publish their inaugural annual report
Harmony Energy Income Trust plc is an Open-Ended investment company that invests in commercial scale energy storage and renewable energy generation projects, with an initial focus on a diversified portfolio of battery energy storage systems (BESS) located in Great Britain.
The Company is advised by Harmony Energy Advisors Limited, which is a wholly-owned subsidiary of Harmony Energy Limited who are a leading UK battery energy storage project developer with an established track record in developing, funding and supervising the construction of such projects and other renewable generation projects in Great Britain. To date Harmony Energy has developed BESS Projects in Great Britain totalling 238.5 MW / 477 MWh of which 41.5MW / 83MWh is operational and 197 MW / 394 MWh is in construction, including the Pillswood Project.
Harmony Energy started working with Tesla in 2016 and engaged Tesla as supplier and EPC contractor in relation to their first and second projects which they delivered in joint venture with FRV: Holes Bay in Dorset (7.5 MW / 15 MWh) and Contego in West Sussex (34 MW / 68 MWh). Holes Bay began operations in 2020 and Contego began operations in summer 2021. Tesla also apply their Autobidder AI software to manage the real-time trading and revenue optimisation of these projects. Harmony Energy and FRV has also recently announced the commencement of work at the 99 MW / 198 MWh Clay Tye battery storage project in Essex, again using the Tesla Megapack 2-hr duration system the biggest project of its kind currently under construction in the UK (in terms of energy capacity)
Inaugural Annual Report
Having helped Harmony with their admission document when they floated on the Specialist Fund Segment of the Main Market of London Stock Exchange in November 2021, the Perivan shareholder communications team was delighted to be appointed to design and produce the inaugural Annual Report which was successfully published on 23rd February 2023.
To view the full annual report, click here.
Perivan specialise in producing and publishing financial documents relating to shareholder and investor communications for quoted companies, private companies, and open and closed-ended funds.