Statera secures debt finance for 1.36GWh UK BESS

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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.” 

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“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.

2 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.
22 February 2027
InterContinental London - The O2, London, UK
The Future of Energy Storage Starts Here Three days in London where developers, IPPs, investors, utilities and the manufacturers building the technology come to close deals, not swap business cards. If you need to be in the room with the people deploying capital into European storage, this is that room.

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