Statera Energy has reached financial close on Carrington Storage, a 680MW/1360MWh battery at the Trafford Low Carbon Energy Park in Greater Manchester and said it intends to make three further investment decisions in the next 12 months, representing more than 1GW of additional capacity.
Construction at Carrington began in autumn this year, with energisation targeted for late 2026.
Statera has secured £235 million of debt financing to support delivery of this project. Lloyds acted as sole structuring bank, with NatWest, Santander, Siemens Financial Services through Siemens Bank, SEB and Mizuho as mandated lead arrangers. The syndicate is providing a term loan, VAT facility and liquidity facility, underscoring growing institutional confidence in large-scale battery storage as a critical enabler of the energy transition.
Statkraft is providing a route to market and revenue guarantee for this project. This builds on Statera and Statkraft’s existing strategic partnership of over 1GW of contracted capacity.
Envision Energy will supply the batteries, and contractors include Siemens, Siemens Energy, AECOM, and Hitachi Energy.
Statera already has 2.1GW of batteries operational and in construction, including recently energised 300MW Thurrock Storage.