Field, the UK-based energy storage company scaling renewables infrastructure at speed, today announces its latest acquisition, a 20 MW (40 MWh) battery site in Newport. The deal brings Field’s pipeline of storage capacity to 775 MW (1,510 MWh), just over a year on from starting operations.
Against the backdrop of soaring energy prices and growing uncertainty around energy security, this marks a positive step for UK energy capacity, as Field looks to rapidly create a more reliable, flexible and green grid. This will help to alleviate problems like renewables intermittency, help secure the path to net zero, and mitigate the extent of the ongoing energy and climate crises.
The news follows Field’s acquisition of Field Oldham 20 MW (20 MWh), Field Gerrard’s Cross 20 MW (20 MWh) and Field Auchteraw 50 MW (100 MWh) last year, with the Oldham site already under construction and further sites in development. Field is leading the build-out of renewable energy infrastructure by tackling the challenge with a scale-up mindset – innovating the way renewable infrastructure is financed, built, operated and monetised.
Through its optimisation platform, Field will use machine learning to manage energy assets for maximum efficiency and maximum returns. This unique approach should set the company on track to achieve an ambitious goal of getting 1.3 GW of battery storage operational across the UK by 2024.
Amit Gudka, CEO and Founder of Field, says:
“I’m so excited to announce Field Newport and our progress towards building the energy infrastructure needed to decarbonise the UK’s grid. 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.
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.”
