Ritchie-Bland Energy Limited (RBE) is pleased to announce that it has made an investment, acquiring shares in Harmony Energy Limited (HEL).

Based out of Yorkshire HEL is a UK leading developer in utility-scale renewable projects including a specific focus on large scale battery energy storage (BESS). 

The business has a history in the development of onshore wind with over 15-sites developed. Recently the business in partnership with FRV delivered a BESS project in Dorset becoming the first company in the UK to utilise the Tesla Megapack, with a total capacity of 15MWh, this site is also the first in the UK to use Tesla’s ‘Autobidder’ AI software. Further, Harmony has an additional 500MW of BESS sites that are construction-ready in the UK, with another 200MW in planning and over 200MW of ongoing opportunities within solar. 

Under the transaction RBE has acquired a 22.5% equity stake and will, be providing a long-term rolling credit facility to support the capital investment required for the rapid expansion of the development pipeline. James Ritchie (Former CEO of Tekmar Group Plc and Chairman of Energi Coast) has been appointed as a director onto the board to support the ongoing strategy of the business. 

Peter Kavanagh, CEO of HESL, said: “We welcome James and Ritchie Bland Energy into the Harmony family. We believe as an investor RBE can bring the right support and experience we need to accelerate the development of our pipeline and further help expand the business globally as we continue to build, own and operate utility-scale renewable assets. The world is looking towards a greener, more sustainable energy transition, and this is a clear focus Harmony will be supporting.” 

James Ritchie, CEO of RBE, said “It’s a privilege to be working with the Harmony team and joining the board. Harmony has developed a very impressive pipeline of both Solar and Battery projects, demonstrating a unique understanding of the complex energy market, and are working with some big names in the industry like Tesla and FRV. We hope together we can continue to develop and expand the pipeline of projects to support the UK on its journey to net-zero.”