DOUBLE PROJECT ENERGISATION FOR HARMONY ENERGY INCOME TRUST

Battery Tech

Media Release

12 September 2024

  • Two battery energy storage projects energised, totalling 82.9 MW / 165.8 MWh
  • The projects mark the first Envision Energy batteries to go live in Great Britain
  • Harmony Energy Income Trust portfolio reaches 100% operational

UK-based investment company Harmony Energy Income Trust plc (“HEIT”) has successfully energised (brought online) the 33 MW / 66 MWh Wormald Green and 49.9 MW / 99.8 MWh Hawthorn Pit Battery Energy Storage Systems (“BESS”).

Both projects, which can store enough energy to power the equivalent of an estimated 200,000 homes for two hours, utilise Envision Energy’s 2-hour duration liquid-cooled energy storage systems, 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 HEIT.

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. The software developed by Open Energi will enable real-time insight and decision-making to connect HEIT’s assets with power markets through bp’s trading business.

The energisation of both BESS marks a step forward with efforts in Great Britain to contribute towards decarbonising the grid. It takes HEIT’s total operational capacity to 395.4 MW / 790.8 MWh across eight projects (100% of the portfolio).

Max Slade, Director of Harmony Energy Advisors Limited, said: “The energisation of Hawthorn Pit and Wormald Green represents another significant step in our mission to help power a sustainable future. To have completed construction of all eight projects in the portfolio since the IPO of HEIT plc in late 2021 is a remarkable achievement and is testament to the skills and dedication of our key suppliers, not least Envision Energy, as well as the strong project management and delivery capabilities of the team at Harmony Energy. Our portfolio is the second largest in Great Britain by MW, and the largest portfolio with exclusively 2-hour duration technology.

“It’s been a pleasure to work with Envision Energy on these two projects.”

Marking their first live batteries in Great Britain, Mark Walton-Hayfield, Senior Director of Envision Energy BESS, said: “We are thrilled to see our first energy storage systems in the UK come online, marking a significant milestone in Envision Energy’s global mission to accelerate the energy transition. This successful energisation, in partnership with HEIT, demonstrates the robustness and reliability of our energy storage systems. We are committed to supporting GB’s decarbonisation goals and are excited to continue collaborating with partners like HEIT who share our vision for a sustainable energy future.

About Harmony Energy Income Trust plc: www.heitp.co.uk

The Harmony Energy Income Trust (‘HEIT’) is a “pure play” battery energy storage systems (BESS) owner and operator with an exclusive focus on 2-hour duration BESS in GB. It was launched on the London Stock Exchange in November 2021. It currently holds 395.4 MW of BESS projects spread across Great Britain. The portfolio consists of eight projects, of which all are operational.

Interested in finding out more about battery energy storage?

Watch Harmony Energy’s BESS video where we break down, in its simplest voice, why BESS are the future of renewable energy:

About Envision Energy: www.envision-group.com

Envision Energy is a world-leading green technology company that provides renewable energy solutions for global enterprises, governments, and institutions. Encompassing three major business sectors – Smart Wind Turbines, Energy Storage, and Green Hydrogen Solutions, Envision Energy collaboratively constructs comprehensive solutions for energy transformation. It also manages Envision-Hongshan Carbon-Neutral Fund and owns Envision Racing Formula E team, who won the Formula E Teams’ Championship in 2023.

With its contribution to the global green energy transition, Envision Energy is listed as a “Green Giant” in TIME “2024 Time 100 Most Influential Companies” list. Envision Energy has also received several accolades for its sustainability performance, including the EcoVadis Gold Medal and a place on the CDP “A-List”. It was also recognized in Fortune’s “Change the World” list and ranked among the top 10 smartest companies by the MIT Technology Review.

Today, Envision Energy leverages its global network of R&D and engineering centers across the UK, France, Germany, Spain, Denmark, USA, UAE, Singapore, China and more to continuously lead global green technology development. Envision Energy joined the Science Based Targets initiative (SBTi) and committed to achieving the “Business Ambition for 1.5°C” in 2021. It has achieved carbon neutrality across its global operations by 2022 and will achieve carbon neutrality throughout its value chain by 2028.

Media Enquiries:

(HEIT) Jack Kelly [email protected] / +44 (0) 7834 197934

(HEIT) Andrew Turner [email protected] / +44 (0) 7799 131618

(Envision Energy) Yang Stratton [email protected]

Source for 200,000 homes: https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-announces-deal-with-investment-company-harmony-energy-income-trust-for-physical-power-trading-and-optimization.html