Liberum appointed as Joint Corporate Broker to Harmony Energy Income Trust plc
We are pleased to announce that Liberum has been appointed as Joint Corporate Broker to Harmony Energy Income Trust plc with immediate effect.
Harmony Energy Income Trust plc (“HEIT” or the “Company”) was listed on the Specialist Fund Segment of the London Stock Exchange in November 2021. The Company is a battery energy storage fund which seeks to provide investors with a sustainable level of income returns, with the potential for capital growth, by investing in commercial scale battery energy storage systems (“BESS”) and ancillary renewable energy generation projects across Great Britain.
HEIT’s portfolio consists of eight 2-hour duration BESS projects totalling 790.8 MWh / 395.4 MW, of which 555 MWh / 227.5 MW and 70% of the portfolio by MW capacity (five projects) is operational. The Company owns two of the three largest operational BESS assets in Europe (by MWh), including the multi-award winning Pillswood site that was energised in November 2022.
The rollout of renewables, and the increasing variability of the National Grid, support the structural need for BESS assets as part of energy transition.
Liberum Team
Investment Banking – Chris Clarke, Darren Vickers, Owen Matthews, Will King
Research – Alex O’Hanlon, Shonil Chande
Sales – James Shields, Tom Biltcliffe
CIR – Skaiste Miglin
Trading – Pete Turner, Marc Wilkinson
