One of Britain’s biggest battery companies has secured a loan to help increase the UK’s electric bus fleet by taking ownership of the batteries inside scores of UK buses. Zenobe Energy has secured a £20m loan from NatWest to finance enough batteries to power about 100 electric buses owned by private transport firms and councils around the UK. The energy storage experts will own the bus batteries and lease them to the bus operators as part of a service contract. The contract includes running the electric charging infrastructure at their bus depots and charging the batteries overnight. This novel ownership scheme effectively splits the ownership of an electric bus between the transport company, which owns the body of the vehicle, and Zenobe, which will own the battery which powers it.
Guardian 23rd June 2020 read more »
Green car, taxi, and van projects from Newport to Newcastle are set to share in £73.5m of government funding awarded yesterday, with 10 multi-million pound grants announced in support of a range of innovative new zero emission vehicle technologies. Assigned through the Advanced Propulsion Centre (APC) – the joint government-industry venture tasked with accelerating the shift towards net zero road transport – the funding is expected to help create or secure up to 10,000 jobs while cutting CO2 emissions by almost 60 million tonnes.
Business Green 24th June 2020 read more »