Field

We're delighted to announce that we have closed a £200m funding round with DIF Capital Partners. This will accelerate the development and buildout of our 4.5 GWh pipeline of grid-scale battery energy storage projects across the UK and Europe, helping to enable the energy transition. Read more about it here: https://lnkd.in/eSH7TbxW

Excited that Field has been provisionally awarded a capex grant in the latest storage grant round in Spain, and our 48 MW (4hr) project was the top scoring project in the whole tender. Testament to a lot of hard work from the team, especially our GM Toni Martinez. A couple of quick insights from the provisional results: 🏆 ~€150m provisionally awarded, across 38 projects (750 MW) ⏳ CODs between H2 2025 and H2 2026 - given the delay of the results, as well as planning challenges for some projects, I am expecting these will need to be pushed back  🎯 Projects targeting substations where they assume some specific locational value (assuming upside from the Technical Restrictions Market e.g. Asturias, Cantabria, Basque Country and Catalonia). ↕ Players required capex support varied a lot - from 38% to 4%! 📐 Varying project sizes - largest was 97 MW, smallest was 5 MW. But median looks to be around 15-20 MW More to follow - now the hard work begins for all the participants - get the projects RTB, and built. 🏗 A big step forward for storage in Spain though.

Skipping over available battery storage capacity, often in favour of more polluting energy technologies, leads to higher costs for consumers, wasted renewable power and increased reliance on fossil fuels. Together with Zenobē, Harmony Energy, Eelpower, Field has called for the ESO and Government to recognise battery storage as a critical part of our national energy infrastructure. Grid scale battery storage is capable of providing a multitude of services that will be crucial in delivering Clean Power by 2030 - flexibility, frequency response, stability and reactive power to name a few - at significantly lower cost than any other technologies. Read more https://lnkd.in/e69YzR_e

Good to see the issue of constraints and curtailment making it to PMQs. Transmission connected battery storage can help alleviate these constraints, and will be particularly useful while the extensive build out of the transmission network catches up.   Field's planned projects in the north of Scotland could provide 3 GWh of battery storage capacity – enough to store over 7 hours of full production from Viking, which can then be discharged to the network at a more suitable time, saving constraint costs for consumers and improving the carbon footprint of our electricity system. Battery storage must be allowed to play a greater role in managing grid constraints and maintaining stability, as we work to achieve a clean power by 2030 and reduce our reliance on more expensive and polluting technologies, including gas power plants. This starts with accelerating the planning and grid reform processes to get more storage built, connected & up and running.   Achieving energy security and bringing down energy costs for consumers go hand in hand when we deploy and use more grid-scale storage - alongside renewables and new network infrastructure.

Fantastic to get the Field Whitebirk project up and running with Envision Energy. A huge thank you to the teams on both sides who made this happen! Envision Energy's product and expertise helped them progress swiftly through a thorough, competitive tender process and we're pleased to be working with them on Field Whitebirk. When operational, the site will join our network of UK battery storage sites in balancing increasingly intermittent energy supplies across the grid to bolster energy security, bring down costs to consumers and decarbonise the power sector by 2030. https://rb.gy/mj0f0d #BESS #batterystorage #energysecurity #decarbonisation

Our Gerrards Cross site is now live! Field Gerrards Cross is capable of storing enough power to supply 44,688 homes for one hour and will now provide clean energy when and where it's needed the most. The launch of Gerrards Cross comes as electricity network operators face acute grid constraints across the nation, due to a lack of infrastructure capable of transporting electricity to meet growing consumer demand. Batteries can ease constraints and reduce reliance on carbon-intensive forms of electricity generation, such as gas, by charging up when the supply of renewables on the grid is high and discharging when the grid would otherwise have to pay to turn on more carbon-intensive generation like gas, for example, when demand from consumers is high. This can reduce the cost of energy, including constraints, covered by bill payers - all while creating a more reliable, flexible and greener energy system that provides greater energy security and helps countries across Europe move on from expensive fossil fuels. Read more below https://lnkd.in/ecuxbSgv

Es un verdadero placer anunciar nuestra expansión a España, encabezada por nuestro director general de Field España, Toni Martinez. El almacenamiento de energía en baterías desempeñará un papel importante a medida que España va aumentando su ritmo de desarrollo en energía renovable para descarbonizar su red eléctrica. Nos hace ilusión contribuir a los objetivos de energía limpia de 2030 de España. El lanzamiento en España en 2024, y en Italia el año pasado, hacen parte de nuestro plan de desarrollo de negocio en toda Europa. Para más información: https://lnkd.in/dQMrmgnG

We’ve launched in Spain! We’re excited to announce our entrance into the Spanish market, spearheaded by our General Manager Toni Martinez. Battery storage will play a crucial role as Spain rapidly deploys renewable energy to decarbonise its grid, driving progress towards the country’s 2030 clean power target. We’re continuing to grow our operations, with >4.5 GWh of projects currently in advanced stages of development across Europe, after having launched in Italy last year. Click the below link to find out more: https://lnkd.in/evWPtTrS

Inadequate network capacity in the UK means renewable energy is being wasted – which not only adds to energy bills, but increases carbon emissions too. Between October 2021 and September 2022, National Grid ESO spent £2bn switching off renewables and turning on gas-fired generators to manage constraints on the transmission system. ESO forecasts that constraint costs will rise above £3 billion by 2030. We’ve done lots of work and analysis in this area and are pleased to be working with our peers Zenobē, Eku Energy and Kona Energy UK to propose joint solutions, specifically focused on enhancing intertrip services and using battery storage to expand network capacity. Find out more about what we’re proposing here: https://lnkd.in/ever2cvg

I had a great day speaking at the Renewable Energy Revenues Summit Series on Thursday, where we discussed EU market storage regulations and unpacked investor expectations for the next wave of battery storage opportunities. Thank you to Charles Lesser, Amanda Niklaus, Alan Smallwood, Lukas Pfeiffer and Paul Soskin for such an insightful discussion, and to Jo W. for organising the event! Feel free to drop myself or Field a message if you’d like to hear more about the future of energy storage and regulatory trends across Europe.