Harmony Energy has secured a financing facility for the development of 3GW of battery energy storage systems in Germany.
The three-year facility from NEDF, a Triple Point managed partnership, will fund a portfolio of late-stage projects spanning both transmission and distribution-level connections, supporting the acceleration of grid-scale storage capacity in one of Europe’s most critical energy markets.
Harmony Energy Limited CEO Peter Kavanagh said: “This financing provides important support as we continue to scale our battery storage platform across Europe.
“Germany represents a key market for us, with strong fundamentals and a growing need for flexible grid infrastructure.”
Triple Point Head of Energy Jonathan Hick said: “Battery storage is a critical enabler of the energy transition, particularly in markets such as Germany where grid flexibility and renewable integration are increasingly important.
“This transaction reflects our continued focus on backing experienced developers with strong pipelines and a clear route to delivery.”
He added: “Harmony has an established track record in originating, developing and monetising battery storage assets at scale, and we are pleased to support the next phase of its growth.”
Originally focused on onshore wind, Harmony Energy has delivered over 700MW of operational battery storage capacity across 18 sites.
The company has a global pipeline exceeding 12GW