DIF Capital Partners to invest £200m in Field

• Field is headquartered in London
• DIF is an independent infrastructure fund manager based in Schiphol, the Netherlands
• The firm has around €16bn of assets under management

DIF Capital Partners, via its DIF Infrastructure VII fund, will invest £200 million (€232 million; $257 million) in Field, a developer and operator of battery energy storage systems.

Field is headquartered in London.

DIF’s investment will allow Field 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, according to a release.

“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,” said Gijs Voskuyl, partner and deputy CEO at DIF.

DIF is an independent infrastructure fund manager with around €16 billion of assets under management. The firm is based in Schiphol, the Netherlands.

DIF was advised by PwC (financial) and Herbert Smith Freehills (legal).