Statera Energy has reached financial close on Carrington Storage, a 680MW/1,360MWh battery energy storage system (BESS) located at Trafford Low Carbon Energy Park, Greater Manchester, UK.
Once operational, the site will deliver power to 2.2 million homes for up to two hours, supporting grid flexibility and the UK’s net zero ambitions.
Construction began this autumn, with energisation planned for late 2026. The £235 million debt financing package includes a term loan, VAT facility and liquidity facility. Lloyds acted as Sole Structuring Bank, with NatWest, Santander, Siemens Financial Services through Siemens Bank, SEB and Mizuho as Mandated Lead Arrangers.
Statkraft is providing a route to market and revenue guarantee, building on its strategic partnership with Statera, which already covers over 1GW of contracted capacity. Envision Energy will supply the BESS units, with delivery supported by AECOM, Siemens, Siemens Energy, Hitachi Energy, ACS Construction Group and Roger Bullivant.
At peak construction, the project is expected to support over 200 jobs. Once energised, Carrington Storage will expand Statera’s operational and in-construction BESS portfolio to 2.8GW, including the recently energised 300MW Thurrock Storage. Three further investment decisions are expected within the next 12 months, totalling over 1GW.
“Reaching financial close on Carrington Storage is a major milestone for Statera as we expand our battery storage portfolio,” said Tom Vernon, CEO. “It moves us closer to our goal of over 5GW of BESS capacity operational by 2030.”
