Harmony Energy Income Trust (HEIT), which constructs and operates battery storage systems in Great Britain, has successfully listed on the London Stock Exchange with listed JTC appointed to provide governance, administration and AIFM support.

The initial public offering (IPO) has raised £186 million to develop large-scale battery energy storage systems (BESS) across the UK.

Speaking about the IPO, Max Slade, commercial director for Harmony Energy Advisors, said: “We are delighted with the successful launch of the Harmony Energy Income Trust, which invests in commercial scale energy storage and renewable energy generation project supporting climate mitigation in the UK and facilitating the transition to a #netzero economy. We are very appreciative for the expertise provided by JTC through the listing process and the ongoing support for the trust."

Jonathan Jennings, group head of institutional client services at JTC, added: “Financial services firms have a crucial role to play in supporting sustainability goals and we are proud to have assisted an innovative company like Harmony Energy Income Trust in their listing. JTC recognises its responsibility in embracing environmental, social and governance challenges and enabling our clients in their journeys.”