Battery storage developer Harmony Energy has received credit facility of up to £10m from sustainable bank, Triodos, to support the development of new projects and its expansion across Europe.
Harmony Energy develops, owns and operates utility-scale battery energy storage systems (BESS), solar farms and wind assets across Europe and New Zealand. It currently has 516MW (1.032GWh) of BESS operational capacity, with a further 268MW (536MWh) under construction and a global pipeline of over 11GW.
The company’s first battery energy storage site went live in June 2020 and, since then, HarmonyEnergy has developed 14 sites, including the three largest BESS in Europe (by MWh).
Chris Cullen, senior relationship manager at Triodos Bank UK, said, “Flexible technologies, like batteries, form a key part of the UK’s energy system transition to net zero. They not only support the integration of more low-carbon power, heat and transport technologies, but are also vital for a renewable energy system to become a reliable alternative to the fossil fuel-based system. As a sustainable bank, a key focus of our lending over the next decade will be on projects like this, that work towards a future of reliable clean energy.”
