Harmony Energy Income Trust Plc ( (GB:HEIT) ) just unveiled an announcement.
Harmony Energy Income Trust plc announced its financial results for the year ending October 31, 2024, highlighting a significant increase in operational revenue due to expanded capacity and the full operational status of its BESS portfolio. Despite a challenging revenue environment, the company achieved a 147% revenue increase and avoided an estimated 51,945 tonnes of CO2 emissions. The company is exploring asset sales in response to a share price trading below net asset value, while also achieving ESG milestones and engaging in industry reforms to enhance BESS utilization.
More about Harmony Energy Income Trust Plc
Harmony Energy Income Trust plc is a company that invests in commercial scale battery energy storage systems (BESS) in Great Britain. The company focuses on operating the largest exclusively 2-hour duration BESS portfolio in the region, supporting the UK’s energy decarbonization and net zero strategy.
YTD Price Performance: -3.23%
Average Trading Volume: 408,037
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £143.1M
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