DIF Capital Partners, utilizing its DIF Infrastructure VII fund, has made a significant investment of £200 million in Field, a grid battery developer headquartered in London.
With this financial infusion, Field will be able to expedite the development and construction of its 4.5 gigawatt-hour pipeline of grid-scale battery energy storage projects in both the UK and Western Europe.
Field’s battery energy storage systems play a crucial role in storing energy generated during periods of low demand and subsequently releasing it to the grid during peak demand periods.
Field has already commenced operations at its first site, a 20MWh battery project located in Oldham, Greater Manchester, UK. Additionally, it has four more sites with a total capacity of 210 MWh either in construction or near construction, situated in Newport (South Wales), Blackburn (Lancashire), Gerrards Cross (Buckinghamshire), and Auchteraw (Scottish Highlands).
Field CEO, Amit Gudka, said “We will not be able to meet net zero targets without significant investment in new energy infrastructure.”
“Battery storage is a critical part of that infrastructure.”
“The more we can build, the more effective mass-usage of wind and solar power will become.”
“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.”
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