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.
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.
Harmony Energy successfully bid six battery energy storage system projects in the latest T-1 Capacity Market auction for delivery years 2024/25, increasing its revenue for this period to £3.2 million.
Harmony Energy Income Trust has said its 98MW/196MWh Pillswood battery energy storage system (BESS) was one of “GB’s best performing BESS projects” in Q1 of 2023.
In its first full year since IPO, Harmony Energy Income Trust (HEIT) has seen its asset value grow by 24.84% to £257.8 million, as demand for storage assets continues in Britain.
