Statera Energy said on 14 October 2026 that funds managed by Ares Management's infrastructure equity arm had acquired a significant minority stake in its roughly 1.9GW portfolio of UK battery storage and flexible generation. Terms were not disclosed.
Why Ares Infrastructure Equity funds (Ares Management Corporation) is buying Significant minority stake in Statera Energy's 1.9GW UK operational portfolio
Statera said Ares's capital will support its next phase of growth, including a target of 7GW of flexible capacity by 2030 and a development pipeline of 16GW. For Ares, it is the first investment by its infrastructure equity business in Europe.
“This investment underscores our conviction in energy transition infrastructure and reflects our belief in the critical role these assets will play in supporting the UK's evolving energy system.”
Deal terms and financing
The portfolio includes the 680MW Carrington Storage project in Greater Manchester and the 750MW Thurrock Flexible Generation project in Essex. Statera keeps ownership, operation and management, with Ares joining as a long-term investment partner. Statera described the deal as one of the largest of its kind in the European flexibility market.
Market context
Battery storage and fast-start gas plants are in demand as the UK grid absorbs more wind and solar. Ares said its infrastructure business had $29.9bn of assets under management at 30 June 2026.
