Storage specialist Harmony Energy Income Trust plc has completed the acquisition of three ‘shovel-ready’ projects totalling 181.9 MW/ 363.8MWh. The company’s portfolio now totals nine battery projects with a total capacity of 500MW/1GWh.

The total consideration for the three projects is £21.5 million.

The three projects – Wormald Green, Hawthorn Pit and Rye Common (Phases I and II) – have grid connection offers and are expected to be energized in Q1 2024, Q2 2024 and Q3 2024 respectively. They are two-hour duration systems and the Investment Adviser is currently tendering for revenue optimisation services.