‘Business as usual, just accelerated’: Harmony Energy CEO on life after Alpiq acquisition
energy-storage.news Jul 31, 2026

‘Business as usual, just accelerated’: Harmony Energy CEO on life after Alpiq acquisition

AI-summarised brief · reviewed before publication

Alpiq, the Swiss power group, completed a deal in early July to acquire a 90 % stake in UK‑based battery‑energy‑storage system developer Harmony Energy, leaving founder Peter Kavanagh with a 10 % holding. The acquisition follows a ten‑month sales process led by JLL and comes after Harmony’s earlier sale of its listed income trust, which had funded its projects. Harmony, now operating as a standalone unit under Alpiq, retains its brand, team and development philosophy while gaining access to Alpiq’s balance‑sheet financing, eliminating the need for external equity raises. The company currently has three sites under construction in the UK and France and additional projects in planning across the UK, Germany and France. Alpiq’s own BESS pipeline spans Finland, Germany and a 1.2 GWh project in Switzerland, positioning it as a major European storage player.

💡 Why It Matters

  • · The partnership gives Harmony immediate capital depth to scale its pan‑European storage pipeline, while Alpiq secures a ready‑made development engine to accelerate its own BESS ambitions.