Drax has outbid Foresight Group LLP to acquire the share capital of the publicly-listed Harmony Energy Income Trust (HEIT) for £200 million (US$239.15 million).

BESS is key to the UK’s net zero goals but significant challenges for the industry remain, writes Harmony Energy’s Peter Kavanagh.

UK BESS fund Harmony Energy Income Trust (HEIT) has progressed the sale of its portfolio to the second round, a process which a source told us raises questions around listed funds’ role in the BESS industry.

While everyone agrees the capacity market (CM) is the foundation of the business case for BESS in Poland, that might not always be the case, one developer suggested.

Harmony Energy Income Trust (HEIT) expects to receive offers for battery storage assets in its UK portfolio by the end of September.