DIF Capital Partners (via its DIF Infrastructure VII fund) has invested £200m in Field.

DIF Capital Partners, through its DIF Infrastructure VII fund, is investing £200 million in Field, a London-based battery energy storage systems developer and operator. The investment seeks to expedite Field’s expansion and construction of a 4.5 GWh pipeline of large-scale battery energy storage projects in the UK and Western Europe, thereby bolstering the area’s renewable energy infrastructure and supporting its Net Zero objectives.

Field’s battery storage systems store excess energy generated during low-demand periods and release it to the grid during peak demand times, making it a crucial component for achieving Net Zero goals. The company already operates a 20 MWh battery project in Oldham, Greater Manchester, and has four more sites totaling 210 MWh under construction or near construction in the UK. (DIF Capital Partners)

DIF sees battery storage as a critical element in the UK’s energy industry to achieve Net Zero and considers it a valuable addition to its extensive renewable energy portfolio. The partnership with DIF Capital Partners will enable Field to accelerate its battery storage projects across the UK and Europe, supporting the growth of wind and solar power usage and creating a more reliable, flexible, and environmentally friendly energy grid.

DIF Capital Partners is an independent infrastructure fund manager with significant assets under management (AUM) focused on mid-market investments in energy transition, renewables, utilities, PPPs, and concessions. Field, on the other hand, specializes in developing and operating renewable infrastructure, starting with battery storage, to help countries transition to net-zero emissions and reduce reliance on fossil fuels.

The investment is expected to strengthen Field’s position in the renewable energy sector and enhance the development of clean energy solutions, contributing to the broader efforts to combat climate change and promote sustainable energy alternatives in the UK and Europe. The transaction was advised by financial and legal firms, including PwC and Herbert Smith Freehills for DIF, and Nomura Greentech and Dentons for Field.

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