In a major stride toward strengthening the UK’s renewable energy infrastructure, Statera Energy has secured an impressive $307.18 million in financing to develop one of the nation’s largest battery energy storage systems (BESS) — the 680 MW / 1,360 MWh Carrington project in Greater Manchester. This landmark deal underscores the UK’s accelerating shift to a resilient, low-carbon energy grid, supported by leading financial institutions and global technology partners.
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Statera Energy’s latest financing round marks a defining moment for the UK’s clean energy landscape. The funding, comprising a term loan, VAT facility, and liquidity facility, was led by Lloyds Banking Group as the sole structuring bank. The consortium includes major players such as NatWest, Santander Bank, Siemens Financial Services, SEB Group, and Mizuho Bank — collectively affirming strong investor confidence in large-scale battery storage as a backbone for future energy stability. This sophisticated financial structure not only ensures seamless construction and commissioning but also highlights how strategic capital deployment is driving the nation closer to its net-zero ambitions.
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The Carrington BESS project represents more than just capacity; it represents innovation and reliability in energy storage. Located at the Trafford Low Carbon Energy Park in Greater Manchester, the facility will boast 680 MW of power and 1,360 MWh of storage — a scale designed to stabilize the grid and integrate renewable generation more effectively. Global technology provider Envision Energy has been selected to supply the BESS units, ensuring high efficiency and performance. Complementing this, Statkraft will deliver route-to-market services and revenue guarantees, reinforcing its strategic partnership with Statera. With construction underway in 2025 and energisation targeted for late 2026, Carrington is poised to become a flagship project for sustainable grid infrastructure in the UK.
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Behind every successful renewable project lies a network of visionary collaborators. Legal advisory for the consortium of lenders was provided by Watson Farley & Williams, ensuring compliance and financial robustness. Together, these partnerships embody the UK’s growing ecosystem of financiers, developers, and energy experts aligning to deliver scalable, low-carbon solutions. As demand for energy storage surges, Carrington BESS will play a pivotal role in balancing supply and demand, supporting intermittent renewables like wind and solar, and enhancing grid resilience. For Statera Energy, this milestone reaffirms its leadership in enabling the UK’s transition to a flexible, decarbonized energy system.
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The $307 million Carrington BESS financing is more than a financial achievement — it’s a cornerstone in the UK’s journey toward net-zero. By combining strategic investment, cutting-edge technology, and collaborative expertise, Statera Energy and its partners are setting new standards for energy storage innovation. As the UK continues to electrify its future, projects like Carrington serve as powerful reminders that sustainable progress is built on smart financing, strong partnerships, and bold ambition.

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