Foresight Group Acquires Harmony Energy Income Trust

About this update from Foresight Group Holdings Ltd.

Foresight Group , an infrastructure and private equity investment firm, has announced the acquisition of Harmony Energy Income Trust (HEIT), a developer of utility-scale battery energy storage projects. Foresight Energy Infrastructure Partners II (FEIP II), an energy transition fund managed by Foresight Group , has acquired a 49% stake, while a Foresight portfolio company, Blackmead Infrastructure Limited , acquired the remaining 51%. This transaction also makes HEIT private and secures ownership of a 400 MW/800 MWh energy storage portfolio, which comprises eight fully operational, grid-connected energy storage projects located across England and Scotland . The acquisition is expected to strengthen FEIP II's position as one of the major investors in infrastructure supporting the energy transition, which is actively exploring the development of a pan-European battery storage platform. Richard Thompson , Co-Manager, Foresight Energy Infrastructure Partners , comments: 'This acquisition represents a significant milestone for FEIP II and further underscores our commitment to accelerating the energy transition through high-quality, revenue-generating infrastructure. Battery storage is critical to enabling a renewables-led power system, and this portfolio offers immediate scale, strong economics, and proven performance.' According to Mercom's Q1 2025 Funding and M&A Report for Energy Storage, Corporate energy storage M&A activity decreased, with one company acquired in Q1 2025 compared to eight in Q1 2024. In April, Blue Elephant Energy, an independent power producer specializing in renewable energy, acquired a majority stake in Solar215, a developer of energy storage projects. This acquisition is expected to accelerate Solar215's growth trajectory by gaining access to BEE's market expertise, financial capabilities, and industry network. Contact: Email: [email protected] (C) 2025 Electronic News Publishing, source ENP Newswire

View stock analysis, news, and events for Foresight Group Holdings Ltd.