Battery energy storage developer Field announced a £200 million investment from infrastructure-focused investment manager DIF Capital Partners, with proceeds aimed at accelerating its pipeline of grid-scale battery energy storage projects in the UK and Western Europe.

Energy storage solutions are emerging as a key energy transition investment area. Storage forms one of the major building blocks for the rapidly expanding clean energy transition, given the intermittent generating nature of many sources of renewable energy, such as wind and solar, and the need to satisfy round-the-clock energy demand, while ensuring that energy is not wasted.

Launched in 2021, London-based Field develops, builds and operates battery storage sites, enabling renewable energy generated at times of low demand to be stored and utilized during higher demand periods.

The company has a 4.5 GWh pipeline of grid-scale battery energy storage projects in the UK and Western Europe, 210 MWh of projects in or near construction in the UK, and is currently operating its first 20 MWh site in Oldham, Greater Manchester.

Amit Gudka, Field founder and CEO 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.”

Gijs Voskuyl, Partner and Deputy CEO at DIF, said:

“We’re very excited to make a second investment in the battery storage sector which we see as a critical component for the UK energy industry to reach Net Zero and which we see as highly complementary to DIF’s extensive renewable energy portfolio.”