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Drax seals £200million deal for battery storage investor
Scottish Daily Express
|March 26, 2025
BRITAIN'S largest power company Drax has agreed a £200million deal to acquire battery storage investor Harmony Energy Income Trust to help shore up the nation’s energy supplies.
Drax said the purchase, conditional on approval from HEIT’s shareholders, was a “highly attractive opportunity”.
Chief executive Will Gardiner said yesterday: “The Drax directors believe that adding battery storage to our FlexGen portfolio enables us to provide even more secure power to the country when it is needed.
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