Gridserve Sustainable Energy has signed a five year multi-million pound funding deal with Hitachi Capital UK to aid its UK expansion and both will be working on green energy focussed projects.
The partnership will provide funding to help Gridserve develop hybrid solar farms and a new network of solar powered charging forecourts.
Gridserve will generate zero carbon solar energy to supply its electric forecourt network, in combination with large battery storage systems to deal with the intermittent nature of solar power and meet the growing demand for sustainable energy.
In addition to the loan facility, Hitachi Capital and Gridserve, in conjunction with Hitachi Europe SIB, are working together on projects including electrification of the UK bus network and the supply of electric vehicles with charging included at Gridserve’s forecourts.
Robert Gordon, Hitachi Capital (UK) chief executive, said: “The response to the current pandemic has highlighted the impact of carbon emissions on the environment.
“We now have a real opportunity to create the infrastructure needed to fast-track electric vehicle adoption across the UK and meet the Government’s ambition to be carbon neutral by 2050. Creating a greener, cleaner society.”
Toddington Harper, Gridservice chief executive, said the partnership with Hitachi Capital marks a major milestone in the company’s growth.
He said: “As well as providing significant financial backing to accelerate our ability to deliver sustainable energy and meet net zero carbon emission targets in the earliest possible timeframes, Hitachi Capital has an unrivalled wealth of experience, knowledge, resources, and expertise to support our collective success.
“We look forward to launching our first Electric Forecourt in Braintree, Essex together in a few months, and delivering many additional projects over the next few years.”