Battery-Storage Firm Field Raises £77 Million of New Funding
- Field gets 47 million-pound debt facility from Triple Point
- Firm also raises equity, including from new VC platform Plural
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Battery-storage company Field has raised 77 million pounds ($95 million) of fresh funding to build out renewable-energy infrastructure across the UK, Chief Executive Officer Amit Gudka said in an interview.
The funding includes a 47 million-pound debt facility from Triple Point Energy Investment Company, structured to reduce Field’s interest rate on the loan in proportion to the carbon-emissions savings generated by its portfolio of battery assets.