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Power
New investment will help accelerate GridServe’s plans to advance its Sun-to-Wheel mo
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ridServe, a tech-enabled sustainable energy business, has secured an initial £200m investment from infrastructure equity investment company Infracapital to support its drive to decarbonise transport through electric vehicle infrastructure. GridServe is transforming the EV charging experience and accelerating the decarbonisation of transport with its Electric Highway charging network, supplied by net zero carbon energy. The GridServe Electric Highway covers 85% of the UK’s motorway service areas and some of the UK’s busiest retail destinations; it is already charging more than 100,000 electric vehicles every month. GridServe and Moto recently launched its seventh Electric Super Hub this year at Moto Wetherby, North Yorkshire, on the A1(M) at junction 46. The charging facilities have 12 high power chargers, making it the largest public high power charging facility in Yorkshire. Moto Wetherby takes the total number of Electric Super Hubs to eight across the country including Rugby, Burton-in-Kendal, Exeter, Thurrock, Heston West, Severn View, and Swansea. In addition, Plymouth City Council recently approved the development of a GridServe Electric Forecourt in the city – the region’s first all-electric vehicle charging station. GridServe has also submitted a planning application to Liverpool City Council for an Electric Forecourt development that would serve
as a sustainable transport gateway to the city. The Infracapital investment will help accelerate GridServe’s plans to advance its Sun-to-Wheel model, which encompasses generating energy through hybrid solar farms, distributing energy through its charging network of Electric Forecourts and Electric Hubs, and accelerating the uptake of electric vehicles. In addition, the investment will enable GridServe to deliver more than 5,000 high power chargers by 2025, across both Electric Super Hubs and Electric Forecourts.
10 I SLRMAG.CO.UK / ISSUE 117 / WEDNESDAY 10TH AUGUST 2022
The company will also expand the development of its hybrid solar farms to generate and deliver net zero energy for its network. Every acre of UK solar farms that GridServe delivers can generate enough zero-carbon energy every year to drive approximately one million miles in a modern electric car. In addition, GridServe Car Leasing will also continue its growth. Toddington Harper, GridServe chief executive, said: “Through this investment partnership with Infracapital, we’re excited that our plans can accelerate, and it’s evident we now have the
