Harmony Energy, a utility-scale energy storage project developer, has secured a development financing facility from Navigator Energy Debt Finance (NEDF), a Triple Point-managed partnership.
The funding is expected to support the development of 3 GW of battery energy storage system assets in Germany, with the three-year facility funding a portfolio of late-stage projects across both transmission and distribution-level connections to accelerate grid-scale storage capacity.
Triple Point’s Head of Energy, Jonathan Hick, said: “Battery storage is a critical enabler of the energy transition, particularly in markets such as Germany, where grid flexibility and renewable integration are increasingly important. This transaction reflects our continued focus on backing experienced developers with strong pipelines and a clear route to delivery. Harmony has an established track record in originating, developing, and monetizing battery storage assets at scale, and we are pleased to support the next phase of its growth”.
Harmony Energy, originally focused on onshore wind, has delivered over 700 MW of operational battery storage capacity across 18 sites. The company is said to have a global pipeline of over 12 GW and has transacted multiple projects with counterparties, including Pulse Clean Energy, SSE, and Alpiq.
In 2024, the company secured a £10 million (~$12.5 million) credit facility from Triodos Bank U.K. to support the development of new projects and its expansion across Europe. The new facility is the bank’s first U.K. loan to the standalone energy storage sector.
Large-scale project funding increased by 73% in 2025 compared with the funding raised in 2024, according to Mercom’s recently released Annual and Q4 2025 Energy Storage Funding and M&A report. Deal activity also rose sharply, with a 71% increase YoY.
In March 2026, Arevon Energy, a renewable energy developer, owner, and operator, closed a $920 million financing package for its 300 MW/1,200 MWh Nighthawk energy storage project in Poway, California.
