DIF Capital Partners, via its DIF Infrastructure VII fund, has made a £200m investment into Field, a London-headquartered grid battery developer.
The investment will allow Field to accelerate the development and buildout of its 4.5 gigawatt-hour pipeline of grid-scale battery energy storage projects in the UK and Western Europe.
Field’s battery energy storage systems allow energy generated during times of lower demand to be stored and released to the grid during times of higher demand.
Field is already operating its first site in the UK, a 20MWh battery project in Oldham, Greater Manchester.
It has another four sites totalling 210 MWh in or near construction in the UK: Newport in South Wales, Blackburn in Lancashire, Gerrards Cross in Buckinghamshire and Auchteraw in the Scottish Highlands.
Amit Gudka, Field 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.
“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.”