Wednesday 26 July 2023

Battery storage projects to receive £200m investment

Battery storage projects to receive £200m investment

Infrastructure fund managers, DIF Capital Partners will invest £200 million in renewable infrastructure company, Field, to develop battery energy storage projects in the UK and Western Europe.

The investment will allow Field to accelerate the development and buildout of its 4.5GWh pipeline of grid-scale battery energy storage projects.

Chief Executive Officer of Field, Amit Gudka, believes that battery storage is a necessary part of net zero infrastructure and will help make solar and wind power more accessible.

Gijs Voskuyl, Partner and Deputy Chief Executive Officer 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."

Written by

Bruna Pinhoni

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