– Harmony Energy has received a £10 million credit facility from Triodos Bank UK to support development of new projects and expansion across Europe.
– Harmony Energy develops, owns and operates utility scale battery energy storage systems, solar farms, and wind assets in Europe and New Zealand.
– Triodos Bank UK’s first standalone loan to the energy storage sector in the UK reflects the bank’s commitment to supporting projects that work towards a reliable clean energy future.
Battery storage developer Harmony Energy has secured new financing from sustainable bank Triodos to support the development of new projects and expand across Europe. The credit facility of up to £10 million will accelerate Harmony Energy’s development activities in utility scale battery energy storage systems, solar farms, and wind assets. The company currently has over 500 MW of operational capacity and a global pipeline of over 11 GW. Triodos Bank UK, known for supporting the renewable energy sector, has issued its first standalone loan to the energy storage sector in the UK to Harmony Energy.
Harmony Energy’s CEO, Peter Kavanagh, expressed his appreciation for Triodos and their mission of working with organizations aiming to positively impact the world. Harmony Energy’s focus on developing and operating battery energy storage facilities aligns with Triodos’ commitment to reliable clean energy projects. Projects by Harmony Energy prioritize biodiversity initiatives, community funds, and advanced technology to support nature and local communities.
Looking towards the future, Triodos Bank UK highlights the importance of flexible technologies like batteries in the UK’s energy system transition to net zero. The collaboration between Harmony Energy and Triodos Bank UK aims to contribute to enhanced energy security, affordable energy bills, and the decarbonization of the grid. This partnership reflects a shared vision of powering a sustainable future through sustainable and reliable clean energy initiatives.