Battery storage trust eyes IPO as it strikes deal with Tesla

Aims to raise £230m

clock • 2 min read
Harmony Energy has struck an initial deal with tesla
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Harmony Energy has struck an initial deal with tesla

Harmony Energy Income trust is aiming to raise £230m in an initial public offering which it will invest in "shovel ready" UK energy storage assets.

The new investment company has already struck a contract with Tesla Motors. Upon IPO, Harmony will buy Tesla's Megapack batteries, which can be used for two hours, and use the car maker's Auotbidder AI...

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