Published: 11 Apr 2022, 12:22
Battery energy storage company Field has acquired another asset, bringing its total pipeline to 775MW/1,510MWh after just over a year of operation.
The latest acquisition is a 20MW/40MWh battery site in Newport, South Wales. It follows the company acquiring its Field Oldham 20MW/20MWh, Field Gerrard’s Cross 20MW/20MWh and Field Auchteraw 50MW/100MWh sites in 2021.
Oldham is already under construction, while the other sites are at the development stage.
“I’m so excited to announce Field Newport and our progress towards building the energy infrastructure needed to decarbonise the UK’s grid,” said Amit Gudka, CEO and founder of Field.
“With the IPCC having just issued a ‘now or never’ climate warning this week, it really couldn’t be clearer that the time to act on the renewables transition is now.”
Field – which was initially called Virmati Energy – was launched by Gudka in early 2021 when he stepped away from energy supplier Bulb, which he co-founded.
Since then the company has been growing at pace, including expanded its senior team and securing financing from investment firm Triple Point Energy Efficiency Infrastructure Company. It is aiming to have 1.3GW of operational battery storage assets in the UK by 2024.
“There’s still a massive way to go, but Field is on track to meet the target we set to get 1.3GW connected to the grid by 2024, and we’re hopeful that even bigger milestones will follow as we lead a huge acceleration of the energy infrastructure sector,” added Gudka.