UK Battery-Storage Firm Field Raises $95 Million of New Funding

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.

Turbulence in global stock markets has started seeping into private-market transactions, slowing the pace of fundraising. But appetite for green investments remains strong, as European governments move toward greater energy independence from Russia, while ...