Smart Transport

Riding Sunbeams ready to develop more solar rail projects

Riding Sunbeams, the solar rail company, has secured an undisclosed amount of commercial funding to take forward renewable energy projects to help decarbonise the UK rail system.

The commercial funding comes from Thrive Renewables and Friends Provident Foundation in exchange for a minority shareholding in the business and an active role in governance.

Riding Sunbeams will use the investment to develop a pipeline of new renewable energy projects in South East England and the Valleys in South Wales.

The new working capital will enable Riding Sunbeams to provide a commercial route to market for community energy groups looking for new projects to develop and connect them to regional rail network operators like Network Rail who will pay them for their power.

Riding Sunbeams hopes to demonstrate a new, fairer, greener way to do business and embody how a just transition is possible by bringing together charities, communities, corporates and Government to decarbonise and power the rail network.

The team proved the technical concept of powering railways directly by solar power with its First Light demonstrator project in Aldershot last year.

Riding Sunbeams is currently leading another First of a Kind project funded by Innovate UK and the Department for Transport, which aims to power electrified rail networks which run on alternating current (AC) power from overhead lines. 

Rail Minister Chris Heaton-Harris, said: “It is fantastic to see pioneering projects that we have supported through our First of a Kind competition progressing their plans to decarbonise our railways.

“Harnessing innovation like this will be crucial to modernising the railway and making journeys greener and cleaner, and I welcome this vision becoming one step closer to reality.”

Ivan Stone, CEO of Riding Sunbeams, said the commercial investment will accelerate the company’s technical development and establish the appropriate commercial framework with rail system operators.

 Transport Minister Rachel Maclean

Virtual Smart Transport Conference 2020 presentations available to view now

After three packed days of content the first Virtual Smart Transport Conference has come to a close, but delegates can now gain free access to rewatch all the presentations during the show.

How to watch the presentations

Videos can be accessed by heading to the Agenda & Live Stream section of the Virtual Smart Transport Conference event website and choosing sessions to watch from across the three days.

The event featured thought leadership presentations from over 45 key stakeholders from the public and private sector, with opening statements from transport minister Rachel Maclean (pictured) and Mayor for Greater Manchester Combined Authority Andy Burnham.

Watch now



Comment as guest


Login / Register

Comments

No comments have been made yet.