[SMM PV News] Harmony Energy Secures Funding for 3 GW BESS Pipeline in Germany

Published: Apr 13, 2026 16:50

Save

UK-based Harmony Energy has secured a financing facility from NEDF to support its 3 GW BESS pipeline in Germany. The three-year facility will fund late-stage projects across both transmission and distribution networks, marking Triple Point’s first investment in the German market. With an operational global footprint of 700 MW and a total pipeline exceeding 12 GW, Harmony Energy is accelerating its European expansion to address the rising demand for grid stability and renewable energy integration.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Jun 2, 2026 17:23

Samsung SDI converts part of U.S. battery joint venture plant to LFP for ESS

Samsung SDI is converting part of the production lines at StarPlus Energy, its U.S. electric vehicle battery joint venture plant, to produce lithium iron phosphate (LFP) batteries for energy storage systems (ESS). The conversion applies to part of the lines at StarPlus Energy Plant 1. Rather than adding a separate new production line, Samsung SDI is modifying existing high-nickel nickel-cobalt-aluminum (NCA) battery lines to accommodate LFP battery production.

Jun 2, 2026 17:23

Jun 1, 2026 15:12

Hyosung Heavy Industries wins KRW 11 billion ESS project contract in Japan

Hyosung Heavy Industries announced on May 27 that it recently signed an engineering, procurement and construction (EPC) contract worth around KRW 11 billion with a Japanese energy developer for a high-voltage grid-connected energy storage system (ESS) project.

Jun 1, 2026 15:12

Jun 1, 2026 15:06

LG Energy Solution signs KRW 2 trillion BESS supply contract with DTE Energy

According to DTE Energy on May 28, the company recently signed a USD 1.6 billion BESS supply contract with LG Energy Solution Vertech. Under the agreement, DTE Energy will receive BESS units for eight energy storage projects to be developed across Michigan over the next two years, using batteries produced at LG Energy Solution’s Holland plant in Michigan. The contract will secure a total battery storage capacity of 6 GWh.

Jun 1, 2026 15:06