In July 2026, Harmony Energy Limited, a pan-European developer and operator of battery energy storage systems (BESS), completed a strategic investment by Alpiq, a leading Swiss energy services provider active throughout Europe, pursuant to which Alpiq acquired a 90% stake in the company. The transaction supports Harmony Energy’s continued growth across key European markets and establishes Alpiq as one of the leading BESS players in Europe. Harmony Energy has a proven track record, having successfully delivered 18 grid-scale BESS projects with a combined capacity of more than 700 MW, and has developed a multi-gigawatt pipeline of battery storage projects across the United Kingdom, Germany, France and Poland.
Following completion of the transaction, Harmony Energy will continue to operate as an independent company under its own brand, retaining its team, entrepreneurial culture and operating model, with co-founder Peter Kavanagh remaining as CEO and retaining a 10% shareholding.
Fasken advised the shareholders of Harmony Energy throughout the acquisition process, with a team led by Laura Bradley (Corporate Energy) and including Guy Winter (Capital Markets), Danuta de Vries (Banking and Finance), Stephen Vincelli (Corporate/Commercial), Malgorzata Janiec (Corporate/Commercial), Melody Li (Banking and Finance), Benjamin Stein (Corporate/Commercial) and Ralph Muncer (Corporate/Commercial).
Jurisdiction
- England and Wales
