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Field Energy, a developer and operator of battery energy storage systems, <a href="https://cms.mercomindia.com/field-energy-secures-257-million-from-dif-capital-partners/" target="_blank" rel="noopener">secured</a> a £200 million (~$257 million) investment from DIF Capital Partners via their DIF Infrastructure VII fund. The investment will allow Field Energy to accelerate the development and buildout of its 4.5 GWh pipeline of grid-scale battery energy storage projects in the UK and Western Europe.
UK-based electric vehicle charge point operator GRIDSERVE Sustainable Energy has <a href="https://www.mercomindia.com/gridseve-raises-682-million-expand-ev-network-uk" target="_blank" rel="noopener">raised</a> a total of £526 million (~$682 million) in green infrastructure financing to accelerate its e-mobility expansion in the country. The financing comprises £326 million (~$423 million) in committed loan facilities, with a further £200 million (~$259.5 million) uncommitted accordion facility that the company has reserved for future assets. GRIDSERVE plans to use the funds to install over 500 Electric Super Hubs nationwide to help deliver more than 3,000 high power charge points with speeds of up to 350 kW, capable of providing 100 miles of charge in five minutes.
Adani New Industries, a wholly owned subsidiary of Adani Enterprises, has <a href="https://www.mercomindia.com/adani-394-million-barclays-deutsche-bank-solar-manufacturing" target="_blank" rel="noopener">secured</a> a trade finance facility of $394 million from Barclays and Deutsche Bank to fulfill the working capital needs of their integrated solar module manufacturing facility. The company is building an ecosystem of one of the largest integrated green hydrogen businesses, including solar module and wind turbine manufacturing.
ev.energy, a provider of EV charging software solutions, <a href="https://cms.mercomindia.com/ev-energy-raises-33-million-in-series-b-funding/" target="_blank" rel="noopener">raised</a> $33 million in Series B funding, bringing the total capital raised by the company to $46 million. The round was led by National Grid Partners with support from Aviva Ventures, WEX Venture Capital, and InMotion Ventures, the investment arm of Jaguar Land Rover. The round also saw continued support from existing investors Energy Impact Partners, Future Energy Ventures, and ArcTern Ventures.
Mufin Green Finance, a listed Non-Banking Financial Company dedicated to EV financing, has <a href="https://www.mercomindia.com/mufin-green-raises-foundation-to-finance-evs-in-india" target="_blank" rel="noopener">secured</a> ₹80 million (~$972,585) in funding from Shell Foundation, a UK-registered charity. The funding from Shell Foundation will help Mufin Green Finance leverage approximately $40-60 million in commercial debt over five years through recycling the de-risking pool.
Virya Energy, a company active in the development, financing, construction, and operation of renewable energy production sources, <a href="https://cms.mercomindia.com/virya-energy-acquires-majority-stake-constant-energy/" target="_blank" rel="noopener">acquired </a>a majority stake in Singapore-based renewable electricity generation and storage development platform Constant Energy through a combination of primary investments and secondary shares from Olympus Capital Asia, a middle-market investment firm focused on Asia.
For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://cms.mercomindia.com/clean-energy-reports/" target="_blank" rel="noopener">here</a>.
Read last week&#8217;s funding <a href="https://cms.mercomindia.com/funding-and-ma-roundup-energy-storage-developer-ninedot-raises-25-million/">roundup</a>.

Funding and M&A Roundup: Storage Developer Field Energy Secures $257 Million

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					</table>From: <a href="https://mercomcapital.com/funding-and-ma-roundup-storage-developer-field-energy-secures-257-million/" target="_blank" rel="noopener">Mercom Capital Group</a>
Field Energy, a developer and operator of battery energy storage systems, <a href="https://mercomcapital.com/field-energy-secures-257-million-from-dif-capital-partners/">secured</a> a £200 million (~$257 million) investment from DIF Capital Partners via their DIF Infrastructure VII fund. The investment will allow Field Energy to accelerate the development and buildout of its 4.5 GWh pipeline of grid-scale battery energy storage projects in the UK and Western Europe.
UK-based electric vehicle charge point operator GRIDSERVE Sustainable Energy has <a href="https://www.mercomindia.com/gridseve-raises-682-million-expand-ev-network-uk">raised</a> a total of £526 million (~$682 million) in green infrastructure financing to accelerate its e-mobility expansion in the country. The financing comprises £326 million (~$423 million) in committed loan facilities, with a further £200 million (~$259.5 million) uncommitted accordion facility that the company has reserved for future assets. GRIDSERVE plans to use the funds to install over 500 Electric Super Hubs nationwide to help deliver more than 3,000 high power charge points with speeds of up to 350 kW, capable of providing 100 miles of charge in five minutes.
Adani New Industries, a wholly owned subsidiary of Adani Enterprises, has <a href="https://www.mercomindia.com/adani-394-million-barclays-deutsche-bank-solar-manufacturing">secured</a> a trade finance facility of $394 million from Barclays and Deutsche Bank to fulfill the working capital needs of their integrated solar module manufacturing facility. The company is building an ecosystem of one of the largest integrated green hydrogen businesses, including solar module and wind turbine manufacturing.
ev.energy, a provider of EV charging software solutions, <a href="https://mercomcapital.com/ev-energy-raises-33-million-in-series-b-funding/">raised</a> $33 million in Series B funding, bringing the total capital raised by the company to $46 million. The round was led by National Grid Partners with support from Aviva Ventures, WEX Venture Capital, and InMotion Ventures, the investment arm of Jaguar Land Rover. The round also saw continued support from existing investors Energy Impact Partners, Future Energy Ventures, and ArcTern Ventures.
Mufin Green Finance, a listed Non-Banking Financial Company dedicated to EV financing, has <a href="https://www.mercomindia.com/mufin-green-raises-foundation-to-finance-evs-in-india">secured</a> ₹80 million (~$972,585) in funding from Shell Foundation, a UK-registered charity. The funding from Shell Foundation will help Mufin Green Finance leverage approximately $40-60 million in commercial debt over five years through recycling the de-risking pool.
Virya Energy, a company active in the development, financing, construction, and operation of renewable energy production sources, <a href="https://mercomcapital.com/virya-energy-acquires-majority-stake-constant-energy/" target="_blank" rel="noopener">acquired </a>a majority stake in Singapore-based renewable electricity generation and storage development platform Constant Energy through a combination of primary investments and secondary shares from Olympus Capital Asia, a middle-market investment firm focused on Asia.
For reports and trackers on funding and M&amp;A transactions in solar, energy storage, and smart grid sectors, click <a href="https://mercomcapital.com/funding-and-ma-roundup-battery-developer-altris-raises-5-2-million/">here</a>.
Read last week&#8217;s funding <a href="https://mercomindia.com/funding-and-ma-roundup-ninedot-raises-25-million" target="_blank" rel="noopener">roundup</a>.

<a href="https://www.field.energy/" target="_blank" rel="noopener">Field Energy</a>, a developer, and operator of battery energy storage systems, secured a £200 million (~$257 million) investment from DIF Capital Partners via their DIF Infrastructure VII fund. The investment will allow Field Energy to accelerate the development and buildout of its 4.5 GWh pipeline of grid-scale battery energy storage projects in the UK and Western Europe.
Their Energy storage systems are aimed to increase grid resilience by storing energy generated during times of lower demand to be stored and released back into the grid during peak demand.
Commenting on the investment, Amit Gudka, Field Energy CEO, 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”.
The Investor, DIF Capital Partners, via their DIF Infrastructure VII fund, made a significant move in the energy storage space earlier this year by <a href="https://www.mercomindia.com/dif-acquires-720-mw-solar-and-battery-uk" target="_blank" rel="noopener">acquiring</a> a portfolio of solar and storage projects in the UK.
Gijs Voskuyl, Partner and Deputy CEO 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,”
DIF was advised by PwC (financial) and Herbert Smith Freehills (legal). Field Energy was advised by Nomura Greentech (financial) and Dentons (legal adviser).
According to Mercom’s recently <a href="https://cms.mercomindia.com/product/1h-q2-2023-funding-ma-report-storage-grid/" target="_blank" rel="noopener">released</a> 1H And Q2 2023 Funding and M&amp;A Report for Storage &amp; Smart Grid. Corporate funding into Energy Storage companies reached $7.1 billion in 59 deals in 1H 2023, with Energy storage system developers ranking 5th as a funding category in the report, $407 million in 1H 2023.
Energy Dome, a provider of long-duration energy storage solutions, recently <a href="https://cms.mercomindia.com/long-duration-energy-storage-solutions-provider-energy-dome-gets-16-7-million/" target="_blank" rel="noopener">closed</a> the second tranche of its Series B funding round with €15 million (~$16.7 million), bringing the total amount raised in the oversubscribed round to €55 million (~$61 million).

Energy Storage Developer Field Energy Secures $257 Million from DIF Capital Partners

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