Led · Equity · Jul 2023

Field develops and operates grid‑feeding battery energy storage systems to support renewable integration and grid flexibility. Founded in February 2021 (formerly Virmati Energy) by Amit Gudka, the company is building projects across the UK with plans to expand into Western Continental Europe. Field currently has a 20 MWh site in Oldham live and four additional UK sites in or near construction (Newport, Blackburn, Gerrards Cross and Auchteraw) for a combined total of 210 MWh. The company is advancing a broader 4.5 GWh pipeline of battery projects that the team intends to build and operate. Field has been backing its growth with external capital, including a June 2022 £77 million raise and the recent investment announced here. Management says the new funding will accelerate development and buildout to support wider deployment of wind and solar power.

Led · Equity · Nov 2022

Alight develops, finances, builds and operates solar facilities that are located on or near industrial customers’ sites so the power is consumed on-site, lowering energy costs and emissions while increasing energy security. The company focuses on behind-the-meter (BtM) projects under long-term power-purchase agreements and has already signed more than 60 PPAs across Europe with clients such as Lear, Kingspan and Toyota Material Handling. In the United Kingdom alone, Alight is assembling a BtM portfolio exceeding 50 MWp, with all projects scheduled to come online by 2027. By producing electricity where it is used, Alight’s model also eases grid congestion and provides predictable electricity pricing for its customers. SEB has been a recurring financing partner, previously extending green loans for Alight’s parks in Sweden and Finland and funding the acquisition of the Lidsø park in Denmark. The new financing round strengthens Alight’s balance sheet and accelerates its rollout of customer-sited solar across Europe.

Led · Equity · Sep 2022

Bump is a French infrastructure company that funds, installs, operates and maintains electric-vehicle charging stations for retailers, parking owners and logistics clients. The company has created 300 charging stations and plans to deploy another 2,000 by the end of 2023. Bump charges partners no upfront installation cost, then manages maintenance and takes a cut of kWh revenues to progressively cover investment costs. The business is capital-intensive and charging stations can take five, 10 or 15 years to become profitable. Bump works with construction partners for hardware installs and runs its own software stack for remote monitoring, with third-party field support for hardware issues. Its client roster includes Star Service, Top Chrono, Stuart, Europcar, Zity, Bolt and Marcel. With new funding, the company plans to expand aggressively and hire about 100 people.

Participated · Equity · Jun 2013

Solairedirect develops, constructs, finances and operates utility-scale photovoltaic solar parks using an integrated engineering and financing model. The company industrializes downstream PV processes—project development, design and EPC, structured financing, legal engineering, operation and maintenance, power sales and grid services. It focuses on municipal-sized parks (5–20 MW), local partnerships and local manufacturing content to reduce costs and optimize performance. Solairedirect has operations in France, India, South Africa, Chile, Thailand, China and the USA and was founded in 2006. The company reports 250 employees and a total 256 MW under operation and construction. Recent tender results and feed-in tariffs around €100/MWh have driven its competitiveness versus other energy sources.