Elements Green has successfully closed a £140 million debt facility provided by Goldman Sachs Alternatives to finance the construction of its Staythorpe Battery Energy Storage System (BESS)—a 360 MW / 720 MWh installation that ranks among the largest utility-scale battery storage projects in the UK.

The asset, located adjacent to the Staythorpe National Grid substation in Nottinghamshire, is now under early-stage construction. Full commissioning is anticipated by mid-2027. Upon operation, the system will store enough power to supply more than 95,000 homes continuously for a day, significantly enhancing grid flexibility and supporting Britain’s net-zero energy goals.

As part of the transaction, Elements Green was advised by IDCM, while Mitie Power & Grid (via its G2 Energy division) signed a £71.5 million contract to design and build the 400 kV substation and grid connection infrastructure. The project is structured to unlock stable long-term revenue, backed by a 15 year capacity market contract and a firm floor agreement with EDF, ensuring predictable income throughout its lifespan.

The Staythorpe BESS also delivers meaningful environmental and social benefits: the scheme includes 12 acres of landscaping, planting 129 trees, and achieves at least a 25.7% biodiversity net gain. During construction, the project is expected to generate around 60 skilled jobs, contributing to local economic growth.

James Gates, CIO of Elements Green, described the financing milestone as “a major advance for battery storage in the UK,” citing confidence in their technical capability and business platform. From the lending side, Christian Schaefer, managing director at Goldman Sachs Alternatives, praised the bespoke unitranche financing package as well-suited to support this strategic energy infrastructure.

This milestone ultimately reinforces Elements Green’s position as a leading independent power producer (IPP) in the UK, demonstrating its ability to deliver large-scale, high-impact clean-energy projects—and to align technical innovation with robust financing and community benefit.