RCS - Harmony Energy Inc. - Hawthorn Pit and Wormald Green Energisations

Harmony Energy Income TrustAnnouncement

12/09/2024 07:00

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RNS Number : 8521D  Harmony Energy Income Trust PLC  12 September 2024

(12 September 2024)

(Harmony Energy Income Trust plc)(
) ((the "Company"))( )

( )( )

(Hawthorn Pit and Wormald Green Energisations)( )

( )

(Harmony Energy Income Trust plc, which invests in battery energy storage
systems ("BESS") in Great Britain, is pleased to announce that its 99.8 MWh /
49.9 MW Hawthorn Pit project (located in County Durham) and its 66 MWh / 33 MW
Wormald Green project (located in Yorkshire) have been successfully energised
and are expected to be fully operational) (in the coming weeks)(. The
Hawthorn Pit and Wormald Green projects are the Company's seventh and
eight)(h) (projects to be energised and takes the Company's total operational
capacity to 100% of the portfolio ()(790.8) (MWh /) (395.4) (MW).  )

(Both projects utilise Envision Energy's 2-hour duration, liquid-cooled energy
storage systems, which are capable of providing energy trading, capacity
services, and frequency regulation services. These projects mark Envision
Energy's first operational batteries in Great Britain and the first in
partnership with the Company.)

(Developed by Harmony Energy Limited, the projects are the first BESS assets
bp has contracted to optimise since its acquisition and integration of the
digital energy platform Open Energi in 2021.)

(Norman Crighton, Chair of Harmony Energy Income Trust plc,) (said:)( )

("We are pleased to announce the energisation of the Hawthorn Pit and Wormald
Green projects, an important milestone for the Company, and one that takes
Harmony Energy Income Trust's) (total operational capacity to 790.8 MWh /
395.4 MW, equating to 100% of the portfolio)(.  It's been a pleasure to work
with Envision on these projects and we look forward to bp commencing its
optimisation services. )

(To have completed construction on eight BESS projects since IPO in November
2021 is a remarkable achievement and testament to the skills and dedication of
our key suppliers, advisors and project delivery team. Battery storage)
(continues to) (play a crucial role in the UK's transition to Net Zero, and)
(our portfolio is a key contributor to) (this.")

(END)( )

(For further information, please contact:)( )

 (Harmony Energy Advisors Limited    (info@harmonyenergy.co.uk (mailto:info@harmonyenergy.co.uk) )
 ) (Paul Mason)

 (Max Slade)

 (Peter Kavanagh)

 (James Ritchie)

 ( )
 (Panmure Liberum Limited)           (+44 (0)20 3100 2000)

 (Chris Clarke)

 (Darren Vickers)

 (Will King)

 ( )
 (Stifel Nicolaus Europe Limited )   (+44 (0)20 7710 7600)

 (Mark Young)

 (Edward Gibson-Watt)

 (Rajpal Padam)

 (Madison Kominski)

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

 (Andrew Turner)

 ( )
 (JTC (UK) Limited                   (+44 (0)20 3832 3877)
 ) (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 management team of the Investment Adviser have been exclusively focused
on the energy storage sector (across multiple projects) in Great Britain for
over seven years, both from the point of view of asset owner/developer and in
a third-party advisory capacity.  The Investment Adviser is an appointed
representative of Laven Advisors LLP, which is authorised and regulated by
the Financial Conduct Authority.)

( )

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