RCS - Harmony Energy Inc. - Broadditch Energisation

Harmony Energy Income Trust

02/03/2023 07:00

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RNS Number : 5964R  Harmony Energy Income Trust PLC  02 March 2023

02 March 2023

Harmony Energy Income Trust plc

(the "Company")

 

Broadditch Energisation

Harmony Energy Income Trust plc, which invests in battery energy storage
assets ("BESS") in Great Britain, is pleased to announce that its 11 MW / 22
MWh Broadditch project (located in Kent), has now been successfully energized
and is expected to be operational before the end of March 2023.  This is the
Company's second project to be energised and takes the total operational
capacity within the Company's portfolio to 109 MW / 218 MWh.

The project was developed by Harmony Energy Limited and construction of the
project was managed by Tesla with oversight from the Harmony Energy Project
Team. The project will be operated through Autobidder, Tesla's algorithmic
trading platform, which has also been deployed at the Company's Pillswood
project and has demonstrated a strong track record over the past two years in
operating the Holes Bay and Contego projects - two existing battery storage
projects also developed by Harmony Energy Limited (with FRV).

END

For further information, please contact:

 Harmony Energy Advisors Limited
 Paul Mason

 Max Slade

 Peter Kavanagh

 James Ritchie
 info@harmonyenergy.co.uk (mailto:info@harmonyenergy.co.uk)

 Berenberg                                                        +44 (0)20 3207 7800

 Gillian Martin

 Ben Wright

 Dan Gee-Summons
 Camarco                                                          +44 (0)20 3757 4980
 Eddie Livingstone-Learmonth

 Georgia Edmonds
 JTC (UK) Limited                                                 +44 (0)20 7409 0181
 Uloma Adighibe

 Harmony.CoSec@jtcgroup.com (mailto:Harmony.CoSec@jtcgroup.com)

LEI: 254900O3XI3CJNTKR453

About Harmony Energy Advisors Limited (the "Investment Adviser")

The Investment Adviser is a wholly owned subsidiary of Harmony Energy Limited.
The Investment Adviser is an appointed representative of Laven Advisors LLP,
which is authorised and regulated by the Financial Conduct Authority.

The management team of the Investment Adviser have been exclusively focussed
on the energy storage sector (across multiple projects) in Great Britain for
over six years, both from the point of view of asset owner/developer and in a
third-party advisory capacity.

Important legal information

This announcement contains (or may contain) certain forward looking statements
with respect to certain of the Company's plans and/or the plans of one or more
of its investee companies and their respective current goals and expectations
relating to their respective future financial condition and performance and
which involve a number of risks and uncertainties. The Company cautions
readers that no forward-looking statement is a guarantee of future performance
and that actual results could differ materially from those contained in the
forward-looking statements.

 

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