Statera Energy, a U.K.-based developer and operator of energy storage and flexible generation, has announced that Ares Infrastructure Equity funds have acquired a significant minority stake in its operational portfolio.
Although financial terms were not disclosed, the companies confirmed this investment represents one of the largest transactions of its kind in the European flexibility market to date.
The portfolio is composed of 1.9 gigawatts of storage and flexible generation assets across the United Kingdom. This includes the 680-megawatt Carrington Storage project in Greater Manchester and the 750-megawatt Thurrock Flexible Generation project in Essex. Statera will continue to own, operate and manage the portfolio, with Ares joining as a long-term investment partner.
This is the first investment made by Ares Infrastructure Equity in Europe. It will provide significant additional capital to support Statera’s next phase of growth as the company continues to a
