Statera secures debt finance for 1.36GWh UK BESS

November 14, 2025
LinkedIn
Twitter
Reddit
Facebook
Email

BESS and flexible generation provider Statera Energy has secured £235 million (US$309 million) in debt financing for its 680MW/1,360MWh Carrington BESS project in Manchester, UK.

The 2-hour duration project at Trafford Low Carbon Energy Park in Greater Manchester began construction in autumn 2025, with energisation expected by 2027. 

According to the firm, the project builds on its 1GW strategic partnership with Norwegian state-backed Statkraft, which will provide route-to-market (RTM) services, and will be delivered with Envision Energy supplying the battery energy storage system (BESS) units.  

Tom Vernon, CEO, Statera Energy, said: “Reaching financial close on Carrington Storage is a major milestone for Statera.” 

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“It moves us closer to our goal of over 5GW of BESS capacity operational by 2030, strengthening grid flexibility and supporting the UK’s clean energy transition. We’re grateful to our banking partners for their support and look forward to building on this milestone as we deliver our upcoming projects.” 

Siemens, Siemens Energy, AECOM, Hitachi Energy and local partners ACS Construction Group and Roger Bullivant Limited will support delivery. The plant is expected to create over 200 jobs locally. Statera also builds and operates gas and hydrogen-powered plants in the UK.

See the full original version of this article on Solar Power Portal.

24 February 2026
InterContinental London - The O2, London, UK
This isn’t just another summit – it’s our biggest and most exhilarating Summit yet! Picture this: immersive workshop spaces where ideas come to life, dedicated industry working groups igniting innovation, live podcasts sparking lively discussions, hard-hitting keynotes that will leave you inspired, and an abundance of networking opportunities that will take your connections to new heights!
9 June 2026
Stuttgart, Germany
Held alongside The Battery Show Europe, ESS Germany — Stuttgart Edition provides a focused platform to understand the policies, revenue models and deployment conditions shaping Germany’s utility-scale storage boom. With contributions from TSOs, banks, developers and optimisers, the Summit explores regulation, merchant strategies, financing, grid tariffs and project delivery in a market forecast to integrate 24GW of storage by 2037.
1 December 2026
Italy
Battery Asset Management Summit Europe is the annual meeting for owners, operators, investors, and optimisation specialists working with operational BESS assets across the continent. The Summit focuses on how to maximise performance and revenue, manage degradation, integrate advanced optimisation software, navigate evolving market and regulatory frameworks, and plan for repowering or end-of-life strategies. With insights from Europe’s most active storage markets, it equips attendees with practical guidance to run resilient, profitable battery portfolios as the sector scales.

Read Next

December 4, 2025
A trio of Germany grid-scale BESS news items, with Next Kraftwerke and ju:niz Energy agreeing a seven year toll, Alpiq announcing a 370MW pipeline, and WBS Power selling the country’s largest solar-plus-storage project and planning a data centre on the same site.
Premium
December 1, 2025
We caught up with developer and IPP Greenvolt Power’s head of storage Antonio Montoto Rojo about the recent MACSE auction in Italy, where it won a contract for a 75MW BESS.
December 1, 2025
European BESS news from project owners Premier Energy Group, Verbund, Eco Stor, Ingrid Capacity, Ric Energy, Ganfeng Lithium, EP Group, RWE and Giga Storage, securing acquisitions, financings and route-to-market (RTM) deals for multiple gigawatts of capacity this past week.
November 27, 2025
The utility-scale battery storage market in Italy is drawing huge interest and development activity, writes Solar Media Market Research analyst Josh Cornes.
November 26, 2025
Mayor of Greater Manchester Andy Burnham marked the commencement of construction at Highview’s 300MWh liquid air energy storage facility.