Venture Capital: Battery Energy Storage Startup Field Lands $257M Investment

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.

Related Story:  France-Based Gigafactory Startup Verkor Is Preparing To Reveal A Fundraising Campaign Worth €2B (US$2.18B)

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
December 7, 2023     Artificial Intelligence, News

Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
December 7, 2023     Digital Assets, FinTech, News

Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
December 7, 2023     FinTech, News

Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
December 7, 2023     ESG and Sustainability, News, Venture Capital

Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…