Modo Selects - Financing, building, and operating batteries with Amit Gudka (Founder @ Field)
Aug 9, 2023
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Amit Gudka, Founder of Field, discusses the growing need for newbuild renewable infrastructure, investor appetite in a rapidly expanding market, learnings from building battery energy storage systems, the increasing demand for lithium, and Field's role in all of this.
Field Energy aims to develop, build, own, operate, and optimize renewable energy projects to accelerate the energy transition.
Speed is crucial for Field Energy to secure attractive sites, talent, and favorable market conditions, as well as mitigate supply chain bottlenecks and ensure timely project delivery.
Deep dives
Field Energy's Ambition to be a Global Renewable Energy Infrastructure Company
Field Energy's long-term ambition is to become a global renewable energy infrastructure company. With a massive amount of renewable energy infrastructure needed to be built globally in the next 20 to 30 years, there is a pressing need for companies and individuals who can finance, build, operate, and monetize this infrastructure. Field Energy aims to develop, build, own, operate, and optimize renewable energy projects to accelerate the energy transition.
Overview of Field Energy's Journey and Recent Fundraising
Field Energy, founded by Amit Goudke, recently raised a £200 million fund to support its mission of becoming a full life cycle battery storage developer, owner, and operator. From its early stages, Field Energy has been focused on its goal of becoming a global renewable energy infrastructure company. The podcast episode revisits an earlier discussion with Amit where he outlined this mission and the approach they intended to take. Field Energy is now progressing rapidly, with assets under construction and plans for future growth.
The Importance of Speed in Field Energy's Operations
Speed is a crucial aspect of Field Energy's operations. The company aims to move quickly in developing projects and building infrastructure. This allows them to secure attractive sites, attract top talent, and take advantage of favorable market conditions. Speed also enables Field Energy to mitigate supply chain bottlenecks, manage prices, and ensure timely project delivery. By moving rapidly, Field Energy seeks to stay ahead in a competitive market and deliver on its ambitious plans.
Challenges and Opportunities in the Energy Transition
Field Energy acknowledges the challenges and uncertainties in the energy transition. As a company involved in building infrastructure, they navigate complexities such as grid connections, planning permissions, and supply chain issues. However, they remain optimistic about the future and see opportunities in decentralization, consumer self-sufficiency, and advancing technology. Field Energy's vision is to contribute to the development of a future energy system where decentralized energy hubs, renewable generation, energy storage, and electric vehicles play a significant role in transitioning to a sustainable energy future.
You may have seen the news of Field’s recent £200 million fundraise, in order to help them expand their ambitious plans to become full life-cycle battery energy storage developer, owner, and operator. We spoke to Amit back in March 2022 - when Field and Amit were at a much earlier stage of that journey. So, today we’re revisiting that episode - where Amit outlines his overarching mission, and how he thought, at the time, that Field would go about achieving it. Over the course of the conversation they discuss.
The growing need for newbuild renewable infrastructure.
Investor appetite in a rapidly expanding market.
Learnings from actually building battery energy storage systems.
The increasing demand for lithium, and potential supply chain issues.
And, of course, where Field fits into all of this.
About our guest
Field’s aim is to finance, build, operate and monetise the renewable infrastructure needed to reach net-zero. To find out more about what they do, head along to their site
About Modo
Modo is the all-in-one Asset Success Platform for battery energy storage. It combines in-depth data curation and analysis, asset revenue benchmarking, and unique research reports - to ensure that owners and operators of battery energy storage can make the most out of their assets. Modo’s paid plans serve more than 80% of battery storage owners and operators in Great Britain.
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