Field is developing and optimizing a network of large-scale battery storage systems to enhance grid reliability and flexibility. The company addresses the need for efficient energy storage solutions that support the transition to renewable energy and help achieve net zero emissions.
Funding
$361.9M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+5Founders
Product
Problem
The increasing reliance on renewable energy sources like solar and wind introduces intermittency and variability to the power grid, leading to instability and potential blackouts. Traditional grid infrastructure lacks the flexibility to efficiently manage these fluctuations and ensure a consistent energy supply.
Solution
Field develops and operates large-scale battery storage systems that enhance grid reliability and facilitate the integration of renewable energy sources. These systems store excess energy generated during periods of high production and release it when demand exceeds supply, effectively smoothing out fluctuations and providing a buffer against intermittency. By providing grid-balancing services, Field enables a more stable and resilient energy infrastructure, supporting the transition to a net-zero emissions future.
Target Audience
Primary customers include grid operators, utility companies, and renewable energy developers seeking to improve grid stability, integrate renewable energy sources, and ensure a reliable energy supply.
Features
- Large-scale battery storage systems designed for grid-level energy management
- Advanced control algorithms for optimized charging and discharging cycles
- Real-time monitoring and control capabilities for grid stabilization
- Integration with renewable energy sources to maximize their utilization
- Participation in ancillary services markets to provide grid support