Bulb Energy Co-Founder Amit Gudka‘s venture, Field, has raised £200 million in investment from DIF Capital Partners.
The funding will be used to accelerate the development of battery energy storage projects in the UK and Western Europe.
London-headquartered Field already operates a 20MWh battery project in Greater Manchester and has four additional sites totalling 210MWh in the UK under construction.
Amit Gudka, Field Chief Executive Officer said: “We will not be able to meet net zero targets without significant investment in new energy infrastructure. Battery storage is a critical part of that infrastructure. The more we can build, the more effective mass-usage of wind and solar power will become.”
Bulb Energy was bailed out by the government at an estimated cost of £6.5 billion before being acquired by Octopus.
