Ares Infrastructure Equity funds, part of Ares Management, have purchased a significant minority interest in a 1.9GW operational portfolio of energy storage and flexible generation assets, majority-owned by Statera Energy in the UK.
The investment, Ares Infrastructure Equity’s first in Europe, adds further capital to support Statera’s expansion plans.
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The financial details of the transaction were not revealed.
The 1.9GW portfolio consists of projects across the UK, including the 680MW Carrington Storage project in Greater Manchester and the 750MW Thurrock Flexible Generation project in Essex.
Following the transaction, Statera will remain responsible for owning, operating and managing the assets, with Ares joining as a long-term investment partner.
The investment will support the next stage of its growth, including progress along its development pipeline, which totals approximately 16GW.
The company aims to provide flexible infrastructure needed to support a grid with increasing levels of renewable energy.
Statera CEO Tom Vernon said: “Ares is one of the world’s leading investors, and its choice of Statera’s portfolio for its first infrastructure equity investment in Europe is an endorsement of our assets and capability as a business.
“The capital supports our plan to deliver 7GW of flexible capacity by 2030. We look forward to working with Ares as we continue to build and operate the flexible assets needed for a secure and affordable electricity system in the UK and across Europe.”
Ares Infrastructure Equity manages investments in sectors such as energy transition, digital infrastructure and utilities.
The company reported approximately $29.9bn in assets under management as of June 2026 and has deployed roughly $15bn across more than 60 investments.
Ares Infrastructure Equity partner and head Keith Derman said: “We are excited to partner with Statera to further develop and unlock incremental value from this high-quality portfolio.
“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. We look forward to working closely with Tom and the Statera team in this new chapter.”
Macquarie Capital served as financial adviser to Statera, with Paul, Weiss acting as transaction counsel and Herbert Smith Freehills Kramer providing due diligence counsel.
KPMG advised Ares on financial and tax matters, while DLA Piper and Baringa acted as legal and commercial advisers, respectively.
Statera develops, owns and operates flexible generation, battery storage and pumped storage hydro projects within the UK.
