Double Project Energisation for Harmony Energy Income Trust

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”).

Wormald Green BESS
The energisation of the 33 MW / 66 MWh Wormald Green BESS marks the HEIT portfolio 100% operational

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.”

Disclaimer

IMPORTANT NOTICE

Please note that access to this information and documents on this portion of the website may be restricted for regulatory reasons. We request that you provide certain information in order to access this information. This personal data will not be retained by us and will be requested of you each time you seek to access this restricted information. The information given by you must be true and accurate.

Please select the country in which you reside:

Disclaimer

The information contained in this section of the Company’s website is restricted and is not for release, publication or distribution, directly or indirectly, in whole or in part in, into or from the United States (including its territories and possessions, any state of the United States and the District of Columbia, collectively the “United States”), Australia, Canada, the Republic of South Africa, Japan any member state of the European Economic Area (the “EEA“) or any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.”

The information to which this gatepost gives access is exclusively intended for persons who are not residents of, and who are not physically present in, the United States, Australia, Canada, the Republic of South Africa, Japan or any member state of the EEA. This information does not constitute or form a part of an offer to sell or issue, or the solicitation of an offer to buy, acquire or subscribe for any securities of Harmony Energy Income Trust plc (the “Company”) in the United States, Australia, Canada, the Republic of South Africa, Japan, any member state of the EEA or in any other jurisdiction in which such offer or invitation is restricted or not authorised or to any person to whom it is unlawful to make such offer or solicitation (each a “Restricted Jurisdiction“). Potential users of this information are requested to inform themselves about and to observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions. The information to which this gatepost gives access does not in any way constitute investment, tax, legal or other advice.

No securities of the Company have been or will be registered under the US Securities Act of 1933, as amended (the “Securities Act“) or under the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, in or into the United States, or to or for the account or benefit of any US person (within the meaning of Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction in the United States. In addition, the Company has not been, and will not be, registered under the United States Investment Company Act of 1940, as amended. There will be no public offer of securities in the United States, Australia, Canada, Japan, the Republic of South Africa or any member state of the EEA or any jurisdiction in which such an offer would constitute violation of the relevant laws or regulations of such jurisdiction.

If you are not permitted to view this website or are in any doubt as to whether you are permitted to view this website, please exit this website immediately by clicking on the “I do not agree” button below. The information to which this gatepost gives access must not be released or otherwise forwarded, distributed or sent, directly or indirectly, in whole or in part, to any Restricted Jurisdiction, or any other jurisdiction where the distribution of such materials would or may breach any applicable law or regulation or would require any registration or licensing within such jurisdiction. Persons receiving the information to which this gatepost gives access (including, without limitation, custodians, nominees and trustees) should observe these restrictions and must not, directly or indirectly, in whole or in part, forward, distribute or send them in, into or from any jurisdiction outside the United Kingdom. None of the Company, JTC Global AIFM Solutions (“AIFM”) or Harmony Energy Advisors Limited (“Investment Adviser”) nor their respective advisers accept any responsibility for any violation by any person of any of these restrictions.

In addition, the securities referred to herein and on the pages that follow may only be offered: (i) in the United Kingdom (“UK“), to the extent that the securities are permitted to be marketed in the UK pursuant to the Alternative Investment Fund Managers Directive (Directive 2011/ (61/EU) (“AIFMD“) as implemented in the UK by UK statutory instruments and by virtue of the European Union (Withdrawal) Act 2018, and in any EEA jurisdiction to the extent that such securities are permitted to be marketed into the relevant EEA jurisdiction pursuant to the AIFMD (and/or any applicable local implementing measures); or (ii) can otherwise be lawfully offered or sold (including on the basis of an unsolicited request from a ‘professional investor’ (as that term is used in the AIFMD)).

Any person accessing the information to which this gatepost gives access in any jurisdiction should inform themselves about and observe any applicable legal requirements in their jurisdiction. Access to this website is for information purposes only. Any person seeking access to this website represents and warrants to the Company, to the AIFM and to the Investment Adviser that they are doing so for information purposes only. Making this website available does not constitute an offer to issue or sell, or the solicitation of an offer to subscribe for or buy, securities in the Company. Further, it does not constitute a recommendation by the Company, the AIFM or the Investment Adviser or any associated company or any other person to subscribe for or buy securities in the Company.

Any person accessing the information to which this gatepost gives access should carefully review the Terms and Conditions of the website. By using the information to which this gatepost gives access, you indicate that you accept the Terms and Conditions and that you agree to abide by them. The Company may change the Terms and Conditions. Such changes will be posted on the website. Your access to the website is governed by the version of the Terms and Conditions then in force. If you do not agree to the Terms and Conditions, please refrain from using this website.

None of the Company, the AIFM or the Investment Adviser or any other person has, or accepts: (i) any responsibility or duty to update any information, document or announcement contained on this website and the Company reserves the right to add to, remove or amend any information available on this website at any time; or (ii) any responsibility in respect of any information contained on any other website which may be linked to or from this website.

Joh. Berenberg, Gossler & Co. KG, acting through its London Branch (“Berenberg“), is authorised by the German Federal Financial Supervisory Authority (BaFin) and in the United Kingdom is deemed authorised under the Temporary Permissions Regime and subject to limited regulation by the FCA. Berenberg is acting solely for the Company and will not be responsible to anyone other than the Company for providing the protections afforded to clients nor for providing advice in relation to the contents of the documents or other information contained on these pages.

Apart from the responsibilities and liabilities which may be imposed on Berenberg by the Financial Services and Markets Act 2000, as amended, or by the regulatory regime established under it, neither Berenberg nor its affiliates accepts any responsibility whatsoever for the contents of the documents or other information contained on these pages or for any other statement made or purported to be made by or on behalf of Berenberg or any of its affiliates in connection with the Company, the Securities or the Offering. Berenberg and its affiliates accordingly disclaim all and any liability whether arising in tort, contract or otherwise (save as referred to above) in respect of any documents, statements or other information contained on these pages and no representation or warranty, express or implied, is made by Berenberg or any of its affiliates as to the accuracy, completeness or sufficiency of the documents or other information contained on these pages.

The release, publication or distribution of the documents or other information contained on these pages may be restricted by law in certain jurisdictions. Persons into whose possession any of the documents or other information contained on these pages come should inform themselves about and observe any such restrictions. Any failure to comply with any such restrictions may constitute a violation of the securities laws or regulations of such jurisdiction.

The documents or other information contained on these pages may not be forwarded or distributed to any other person and may not be reproduced in any manner whatsoever. Any forwarding, reproduction, distribution or disclosure of this information in whole or in part is unauthorised and may result in a violation of the Securities Acts or the applicable laws of other jurisdictions.

Documents or other information contained on these pages, including those related to the Offering and admission of the Company’s securities to trading, include statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements, which may use words such as “aim”, “anticipates”, “believe”, “intend”, “estimate”, “expect” and words of similar meaning, include all matters that are not historical facts. These forward-looking statements involve risks and uncertainties that could cause the actual results of operations, financial condition, liquidity, dividend policy and the development of the industries in which the Company’s businesses operate to differ materially from the impression created by the forward-looking statements. These forward-looking statements speak only as at the date of the document or other information concerned. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements may not occur.

By proceeding to view the materials to which this gatepost gives access, you warrant that you have read and understand the statements above, are located in the United Kingdom, are not located in or accessing this website from the United States, Australia, Canada, the Republic of South Africa or Japan or any other Restricted Jurisdiction, are not a U.S. Person (as defined in Regulation S under the Securities Act) or otherwise resident in the United States or any other Restricted Jurisdiction, you are not investing or otherwise acting for the account or benefit of a US Person or a resident of the United States or any other Restricted Jurisdiction, you are accessing this website for information purposes only and agree that you will not transmit or otherwise send any information contained in this website to any person outside the United Kingdom, including in the United States, Australia, Canada, the Republic of South Africa, Japan any member state of the EEA or any other Restricted Jurisdiction, to any US Person or to publications with a general circulation in the United States.

Disclaimer

The information contained in this section of the Company’s website is restricted and is not for release, publication or distribution, directly or indirectly, in whole or in part in, into or from the United States (including its territories and possessions, any state of the United States and the District of Columbia, collectively the “United States”), Australia, Canada, the Republic of South Africa, Japan any member state of the European Economic Area (the “EEA“) or any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.”

The information to which this gatepost gives access is exclusively intended for persons who are not residents of, and who are not physically present in, the United States, Australia, Canada, the Republic of South Africa, Japan or any member state of the EEA. This information does not constitute or form a part of an offer to sell or issue, or the solicitation of an offer to buy, acquire or subscribe for any securities of Harmony Energy Income Trust plc (the “Company”) in the United States, Australia, Canada, the Republic of South Africa, Japan, any member state of the EEA or in any other jurisdiction in which such offer or invitation is restricted or not authorised or to any person to whom it is unlawful to make such offer or solicitation (each a “Restricted Jurisdiction“). Potential users of this information are requested to inform themselves about and to observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of such jurisdictions. The information to which this gatepost gives access does not in any way constitute investment, tax, legal or other advice.

No securities of the Company have been or will be registered under the US Securities Act of 1933, as amended (the “Securities Act“) or under the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, in or into the United States, or to or for the account or benefit of any US person (within the meaning of Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or other jurisdiction in the United States. In addition, the Company has not been, and will not be, registered under the United States Investment Company Act of 1940, as amended. There will be no public offer of securities in the United States, Australia, Canada, Japan, the Republic of South Africa or any member state of the EEA or any jurisdiction in which such an offer would constitute violation of the relevant laws or regulations of such jurisdiction.

If you are not permitted to view this website or are in any doubt as to whether you are permitted to view this website, please exit this website immediately by clicking on the “I do not agree” button below. The information to which this gatepost gives access must not be released or otherwise forwarded, distributed or sent, directly or indirectly, in whole or in part, to any Restricted Jurisdiction, or any other jurisdiction where the distribution of such materials would or may breach any applicable law or regulation or would require any registration or licensing within such jurisdiction. Persons receiving the information to which this gatepost gives access (including, without limitation, custodians, nominees and trustees) should observe these restrictions and must not, directly or indirectly, in whole or in part, forward, distribute or send them in, into or from any jurisdiction outside the United Kingdom. None of the Company, JTC Global AIFM Solutions (“AIFM”) or Harmony Energy Advisors Limited (“Investment Adviser”) nor their respective advisers accept any responsibility for any violation by any person of any of these restrictions.

In addition, the securities referred to herein and on the pages that follow may only be offered: (i) in the United Kingdom (“UK“), to the extent that the securities are permitted to be marketed in the UK pursuant to the Alternative Investment Fund Managers Directive (Directive 2011/ (61/EU) (“AIFMD“) as implemented in the UK by UK statutory instruments and by virtue of the European Union (Withdrawal) Act 2018, and in any EEA jurisdiction to the extent that such securities are permitted to be marketed into the relevant EEA jurisdiction pursuant to the AIFMD (and/or any applicable local implementing measures); or (ii) can otherwise be lawfully offered or sold (including on the basis of an unsolicited request from a ‘professional investor’ (as that term is used in the AIFMD)).

Any person accessing the information to which this gatepost gives access in any jurisdiction should inform themselves about and observe any applicable legal requirements in their jurisdiction. Access to this website is for information purposes only. Any person seeking access to this website represents and warrants to the Company, to the AIFM and to the Investment Adviser that they are doing so for information purposes only. Making this website available does not constitute an offer to issue or sell, or the solicitation of an offer to subscribe for or buy, securities in the Company. Further, it does not constitute a recommendation by the Company, the AIFM or the Investment Adviser or any associated company or any other person to subscribe for or buy securities in the Company.

Any person accessing the information to which this gatepost gives access should carefully review the Terms and Conditions of the website. By using the information to which this gatepost gives access, you indicate that you accept the Terms and Conditions and that you agree to abide by them. The Company may change the Terms and Conditions. Such changes will be posted on the website. Your access to the website is governed by the version of the Terms and Conditions then in force. If you do not agree to the Terms and Conditions, please refrain from using this website.

None of the Company, the AIFM or the Investment Adviser or any other person has, or accepts: (i) any responsibility or duty to update any information, document or announcement contained on this website and the Company reserves the right to add to, remove or amend any information available on this website at any time; or (ii) any responsibility in respect of any information contained on any other website which may be linked to or from this website.

Joh. Berenberg, Gossler & Co. KG, acting through its London Branch (“Berenberg“), is authorised by the German Federal Financial Supervisory Authority (BaFin) and in the United Kingdom is deemed authorised under the Temporary Permissions Regime and subject to limited regulation by the FCA. Berenberg is acting solely for the Company and will not be responsible to anyone other than the Company for providing the protections afforded to clients nor for providing advice in relation to the contents of the documents or other information contained on these pages.

Apart from the responsibilities and liabilities which may be imposed on Berenberg by the Financial Services and Markets Act 2000, as amended, or by the regulatory regime established under it, neither Berenberg nor its affiliates accepts any responsibility whatsoever for the contents of the documents or other information contained on these pages or for any other statement made or purported to be made by or on behalf of Berenberg or any of its affiliates in connection with the Company, the Securities or the Offering. Berenberg and its affiliates accordingly disclaim all and any liability whether arising in tort, contract or otherwise (save as referred to above) in respect of any documents, statements or other information contained on these pages and no representation or warranty, express or implied, is made by Berenberg or any of its affiliates as to the accuracy, completeness or sufficiency of the documents or other information contained on these pages.

The release, publication or distribution of the documents or other information contained on these pages may be restricted by law in certain jurisdictions. Persons into whose possession any of the documents or other information contained on these pages come should inform themselves about and observe any such restrictions. Any failure to comply with any such restrictions may constitute a violation of the securities laws or regulations of such jurisdiction.

The documents or other information contained on these pages may not be forwarded or distributed to any other person and may not be reproduced in any manner whatsoever. Any forwarding, reproduction, distribution or disclosure of this information in whole or in part is unauthorised and may result in a violation of the Securities Acts or the applicable laws of other jurisdictions.

Documents or other information contained on these pages, including those related to the Offering and admission of the Company’s securities to trading, include statements that are, or may be deemed to be, “forward-looking statements”. These forward-looking statements, which may use words such as “aim”, “anticipates”, “believe”, “intend”, “estimate”, “expect” and words of similar meaning, include all matters that are not historical facts. These forward-looking statements involve risks and uncertainties that could cause the actual results of operations, financial condition, liquidity, dividend policy and the development of the industries in which the Company’s businesses operate to differ materially from the impression created by the forward-looking statements. These forward-looking statements speak only as at the date of the document or other information concerned. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements may not occur.

By proceeding to view the materials to which this gatepost gives access, you warrant that you have read and understand the statements above, are located in the United Kingdom, are not located in or accessing this website from the United States, Australia, Canada, the Republic of South Africa or Japan or any other Restricted Jurisdiction, are not a U.S. Person (as defined in Regulation S under the Securities Act) or otherwise resident in the United States or any other Restricted Jurisdiction, you are not investing or otherwise acting for the account or benefit of a US Person or a resident of the United States or any other Restricted Jurisdiction, you are accessing this website for information purposes only and agree that you will not transmit or otherwise send any information contained in this website to any person outside the United Kingdom, including in the United States, Australia, Canada, the Republic of South Africa, Japan any member state of the EEA or any other Restricted Jurisdiction, to any US Person or to publications with a general circulation in the United States.

Disclaimer

This communication is an advertisement and does not constitute a prospectus and investors must subscribe for or purchase any shares referred to in this communication only on the basis of information contained in the prospectus published by Harmony Energy Income Trust plc on 15 October 2021 (the “Prospectus“) and not in reliance on this video. A copy of the Prospectus is, subject to certain access restrictions, available for inspection on the Company’s website: www.heitp.co.uk and at the registered office of the Company. This communication does not constitute, and may not be construed as, an offer to sell or an invitation to purchase, investments of any description, or a recommendation regarding the issue or the provision of investment advice by any party.

This communication is only addressed to, and directed at, persons in the United Kingdom who are “qualified investors” within the meaning of Article 2(e) of the Prospectus Regulation (“Qualified Investors“).  For the purposes of this paragraph, the expression “Prospectus Regulation” means the UK version of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC, which is part of UK law by virtue of the European Union (Withdrawal) Act 2018, as amended by The Prospectus (Amendment, etc) (EU Exit) Regulations 2019.

In addition, in the United Kingdom, this communication is being distributed only to, and is directed only at, Qualified Investors (i) who have professional experience in matters relating to investments who fall within the definition of “investment professional” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order“), or (ii) who are high net worth companies, unincorporated associations and partnerships and trustees of high value trusts as described in Article 49(2) of the Order, or (iii) other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as “relevant persons“).  Any investment or investment activity to which this communication relates is available only to and will only be engaged in with relevant persons.  This communication must not be acted on ora relied on in the United Kingdom, by persons who are not relevant persons.

By proceeding to view the materials to which this gatepost gives access, you warrant that you have read and understand the statements above, are located in the United Kingdom, are a relevant person for the purposes of the Order, are not located in or accessing this website from the United States, Australia, Canada, the Republic of South Africa or Japan or in any other jurisdiction in which such offer or invitation is restricted or not authorised or to any person to whom it is unlawful to make such offer or solicitation, are not a U.S. Person (as defined in Regulation S under the U.S. Securities Act of 1933) (each a “Restricted Jurisdiction“) or otherwise resident in the United States or any other Restricted Jurisdiction, you are not investing or otherwise acting for the account or benefit of a U.S. Person or a resident of the United States or any other Restricted Jurisdiction, you are accessing this website for information purposes only and agree that you will not transmit or otherwise send any information contained in this website to any person outside the United Kingdom, including in the United States, Australia, Canada, the Republic of South Africa, Japan or any other Restricted Jurisdiction, to any U.S. Person or to publications with a general circulation in the United States.