UK BESS developer Field gets US$258 million investment from DIF Capital Partners
UK BESS developer Field gets US$258 million investment from DIF Capital Partners - Energy-Storage.News
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.
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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.
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.
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