UK: Hitachi Capital invests £10m in green energy firm Gridserve
The partnership will develop the UK’s electric vehicle charging infrastructure, with more than 100 electric forecourts planned in the next five years.
Hitachi Capital UK announced a £10m investment in Gridserve Holdings Limited, the parent company of Gridserve Sustainable Energy Ltd as the firms strengthen their partnership following the launch of the UK’s first ultra-fast electric forecourt, according to a company’s press release.
Hitachi Capital UK’s partnership with Gridserve aims to develop the UK’s approach to solar energy and create the infrastructure to accelerate the adoption of electric vehicles, says the release.
Over the next five years, Gridserve will build more than 100 electric forecourts across the UK. The partnership also encompasses the UK’s first net zero electric vehicle leasing business.
Over the course of 2020, Hitachi has funded over £24m in Gridserve projects, including funding to help deliver the completion of the Braintree electric forecourt.
“Combining our financial strength and motor industry expertise with Gridserve’s leading renewable energy work is a perfect partnership to create a new revolutionary green energy future. Our intention is to become a market leader for EV adoption and today’s announcement, along with our commitment that 20% of our assets will support sustainable business projects over the next five years, shows our determination to deliver on that promise,” comments CEO of Hitachi Capital, Robert Gordon.
“Delivering the UK’s first electric forecourt with net zero carbon energy provided by Clayhill Solar Farm, as well as launching the UK’s first net zero leasing business, is testament to the results and benefits we can deliver through our partnership, and we look forward to delivering many more electric forecourts and sustainable energy projects together in the months and years ahead,” says CEO of Gridserve Sustainable Energy, Toddington Harper.
