£200M DIF Backs Field's 4.5 GWh Battery Storage
- DIF Capital Partners has announced a £200 million investment into Field, a London-headquartered developer and operator of battery energy storage systems, to expedite the development of its 4.5 GWh pipeline of grid-scale projects in UK and Western Europe. Field is already operating a 20 MWh battery project in Oldham, and has four other sites totalling 210 MWh.
DIF Capital Partners has announced a £200 million investment into Field, a London-headquartered dedicated developer and operator of battery energy storage systems. Field plans to use the investment to expedite the development of its 4.5 GWh pipeline of grid-scale battery storage projects in the UK and Western Europe. Field is already operating a 20 MWh battery project in Oldham, Greater Manchester, and has four additional sites totalling 210 MWh either in operation, or near completion.
DIF Capital Partners has prior experience in the battery storage sector, having co-invested in a substantial 540MW co-location solar and battery portfolio with ib vogt. This portfolio was acquired from Cero Generation and Enso Energy in November 2022, with a combined capacity of 720MW, and 380MW devoted to solar energy generation, and an additional 340MW allocated to Battery Energy Storage Systems.
Field CEO Amit Gudka states that this partnership with DIF Capital Partners will allow them to accelerate the buildout of battery storage, and will help create a more reliable, flexible and greener grid in the UK and Europe. DIF Capital Partners currently manages approximately EUR 16 billion of Assets Under Management (AUM).
How Will DIF Capital Partners' £200 Million Investment in Field Impact Battery Storage?
The Impact of DIF Capital Partners’ £200 Million Investment in Field:
- Expedites the development of 4.5 GWh pipeline of grid-scale battery storage projects in the UK and Western Europe.
- Accelerates the buildout of battery storage, helping to create a more reliable, flexible and greener grid in the UK and Europe.
- Increases Field’s Assets Under Management (AUM) to EUR16 billion.
- Gives Field the resources to maintain its commitment to developing top-of-the-line battery energy storage systems.
- Increases the likelihood of Field's success in the battery energy storage market.
