Battery energy storage system (BESS) developer Field has received a £200 million (US$257.96 million) investment from DIF Capital Partners.
Field will use the funds provided by the infrastructure equity fund manager to support the development of its 4.5GWh pipeline of grid-scale BESS projects across the UK and Western Europe.
In the UK, Field has a number of BESS projects currently under or near construction, with a combined capacity of 210MWh. These are situated in Newport, South Wales, Blackburn, Gerrards Cross in Buckinghamshire and Auchteraw in the Scottish Highlands.
Field’s first BESS asset in the UK, a 20MW project situated in Oldham, Greater Manchester, became operational towards the end of last year.
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
Field’s stated goal is to rapidly build battery sites across the UK, targeting 1.3GWh of operational assets by 2024. In April the company revealed plans for an expansion into the Italian market, as reported by Energy-Storage.news.
“Our partnership with DIF Capital Partners will enable Field to accelerate the buildout of battery storage in the UK and across Europe. And it will help us build, develop and operate the storage we need to create a more reliable, flexible and greener grid,” Field CEO Amit Gudka said.
To read the full version of this story, visit Solar Power Portal.
