DIF Capital Partners, through its DIF Infrastructure VII fund, has made a substantial £200m investment into Field, a grid battery developer headquartered in London.
This significant investment is expected to bolster Field's efforts in expediting the development and construction of its impressive 4.5 gigawatt-hour pipeline of grid-scale battery energy storage projects across the United Kingdom and Western Europe.
Field specializes in cutting-edge battery energy storage systems, allowing surplus energy generated during periods of low demand to be efficiently stored and subsequently released into the grid during periods of high demand, promoting a more balanced and reliable energy distribution.
Already demonstrating its operational prowess, Field has successfully initiated its first site in the UK, an impressive 20MWh battery project located in Oldham, Greater Manchester. Additionally, the company has four more sites totaling 210 MWh either under construction or nearing completion in prominent locations across the UK, including Newport in South Wales, Blackburn in Lancashire, Gerrards Cross in Buckinghamshire, and Auchteraw in the Scottish Highlands.
Amit Gudka, CEO of Field, emphasized the vital role battery storage plays in achieving net-zero targets and how it forms a crucial part of the essential energy infrastructure. He noted that increased investment in new energy infrastructure, like battery storage, is instrumental in facilitating the widespread utilization of renewable energy sources, such as wind and solar power.
This strategic partnership with DIF Capital Partners will empower Field to expedite the development of battery storage solutions not only in the UK but also throughout Europe. By creating a more reliable, flexible, and sustainable grid, Field aims to contribute significantly to the realization of a greener energy future.
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With this transformative investment, Field is set to play a pivotal role in driving advancements in energy storage technology and helping countries transition towards cleaner and more sustainable energy practices. As the demand for renewable energy continues to soar, collaborations of this nature are vital in shaping a more environmentally conscious global energy landscape.
