Profile data is unavailable for this security.
About the company
Harmony Energy Income Trust plc is a United Kingdom-based investment company. The Company’s principal activity is to invest in commercial scale battery energy storage and renewable energy generation projects, with an initial focus on a portfolio of utility scale battery energy storage systems (BESS), located in diverse locations across Great Britain. Its investment objective is to provide an attractive and sustainable level of income returns, with the potential for capital growth, by investing in commercial-scale energy storage and renewable energy generation projects, with an initial focus on a diversified portfolio of BESS located in Great Britain. The Company may invest in operational, under-construction or shovel-ready projects, and may also provide development finance to pipeline projects. It owns the Pillswood project with a capacity of 98 megawatts (MW) / 196 megawatt hours (MWh). It also owns the Bumpers Project with a capacity of 99 MW/198 MWh, located in Buckinghamshire.
- Revenue in GBP (TTM)6.61m
- Net income in GBP3.14m
- Incorporated2021
- Employees--
- LocationHarmony Energy Income Trust PLCThe Scalpel, 18th Floor, 52 Lime StreetLONDON EC3M 7AFUnited KingdomGBR
- Websitehttps://www.heitp.co.uk/
Profile
| Management group(s) | Harmony Energy Advisors Limited |
|---|---|
| AIC sector | Renewable Energy Infrastructure |
| ISIN | GB00BLNNFY18 |
| Launch date | 09 Nov 2021 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To provide investors with an attractive and sustainable level of income returns, with the potential for capital growth, by investing in commercial scale energy storage and renewable energy generation projects, with an initial focus on a diversified portfolio of battery energy storage systems located in Great Britain.
Managed by
| Paul Mason, Max Slade, Peter Kavanagh, James Ritchie |
|---|
Management & contract fees
The Investment Adviser is entitled to a fee of (a) one twelfth of 0.9% per calendar month of the lesser of the (i) NAV or (ii) Average Market Capitalisation of the Company up to the threshold of £250,000,000 and (b) one twelfth of 0.8% per calendar month of the lesser of the (i) NAV or (ii) Average Market Capitalisation of the Company in excess of GBP 250m. The AIFM has appointed the Investment Adviser for an initial period of two years and thereafter the Investment Advisory Agreement is terminable on six months’ notice by the Company and twelve months’ notice by the Investment Adviser (or on immediate notice in certain customary circumstances).
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| VietNam Holding Ltd | 20.62m | 17.66m |
| CT UK High Income Trust PLC | 12.28m | 10.59m |
| Trident Royalties PLC | 7.60m | 1.91m |
| Kings Arms Yard VCT PLC | 4.80m | 2.14m |
| Income and Growth VCT PLC | 8.63m | 5.49m |
| Harmony Energy Income Trust PLC | 6.61m | 3.14m |
| Middlefield Canadian Income PCC | 2.99m | -1.66m |
| Foresight Sustainable Forestry Cmpny PLC | -8.67m | -11.34m |
| Northern Venture Trust plc | 5.88m | 3.17m |
| Artemis Alpha Trust PLC | 8.39m | 5.98m |
| Blackrock Latin Amercn Invstmnt Trst PLC | 45.29m | 42.65m |
| Rights and Issues Investment Trust PLC | 4.89m | 3.59m |
| Weiss Korea Opportunity Fund Ltd | -2.31m | -6.45m |
| Molten Ventures VCT PLC | -266.00k | -2.46m |
| Northern 2 VCT plc | 5.87m | 3.21m |
| Octopus AIM VCT plc | -21.82m | -24.88m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| Schroder & Co. Ltd.as of 24 Jan 2024 | 40.56m | 17.86% |
| Close Asset Management Ltd.as of 22 Feb 2023 | 20.82m | 9.17% |
| EQ Investors Ltd.as of 22 Feb 2023 | 12.41m | 5.47% |
| PrimeStone Capital LLPas of 08 Mar 2024 | 11.80m | 5.20% |
| Premier Fund Managers Ltd.as of 09 Feb 2024 | 11.46m | 5.05% |
| Newton Investment Management Ltd.as of 22 Feb 2023 | 10.48m | 4.61% |
| Walker Crips Investment Management Ltd. (Invt Mgmt)as of 22 Feb 2023 | 10.45m | 4.60% |
| Handelsbanken Wealth & Asset Management Ltd.as of 12 Feb 2024 | 9.96m | 4.39% |
| Waverton Investment Management Ltd.as of 22 Feb 2023 | 7.38m | 3.25% |
| Schroder Investment Management Ltd.as of 30 Jun 2023 | 6.81m | 3.00% |
