Statera secures debt finance for 1.36GWh UK BESS

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.

13 October 2026
London, UK
Now in its second edition, the Summit provides a dedicated platform for UK & Ireland’s BESS community to share practical insights on performance, degradation, safety, market design and optimisation strategies. As storage deployment accelerates towards 2030 targets, attendees gain the tools needed to enhance returns and operate resilient, efficient assets.
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.

Read Next

Premium
August 5, 2026
Elestor claims its hydrogen-iron flow battery delivers 75%+ round-trip efficiency, a 20-25 year lifespan, and 15€/kWh capex for long-duration storage. 
August 5, 2026
July was a busy month for large-scale battery storage activity in the UK, with Engie commissioning a system, Masdar and Fidra hitting financial close on projects, Eku Energy buying one, project consents for Aura Power and Starlight Energy, and more.
August 4, 2026
IPP Prosalia has commissioned a 15MW/60MWh battery storage system at a solar PV plant in Portugal, while power group EDP has added one to a hybrid wind and solar project in Spain.
August 3, 2026
The European Commission (EC) has approved a financial support scheme to accelerate the deployment of battery storage technologies in Slovenia.
Premium
July 31, 2026
We caught up with Peter Kavanagh, CEO of BESS developer Harmony Energy, after it was acquired by Switzerland-headquartered power group Alpiq.