Harmony Energy Income Trust Plc (GB:HEIT) has released an update.
Harmony Energy Income Trust PLC has reported a significant increase in revenue opportunities for its battery energy storage system assets in Great Britain, with a 313% rise in Balancing Mechanism activity volumes and a 58% increase in like-for-like revenue. These gains are attributed to National Grid ESO’s new ancillary services and amendments to market rules, which favor energy storage systems. The company anticipates further updates on its portfolio and strategy for delivering shareholder value in its next quarterly report.
For further insights into GB:HEIT stock, check out TipRanks’ Stock Analysis page.
