Hitachi Capital (UK) PLC Invests In @GRIDSERVE_HQ

Russ Curry, Ministry of New Media

Hitachi Capital (UK) PLC has announced a GBP 10m investment in GRIDSERVE Holdings Limited, the parent company of GRIDSERVE Sustainable Energy Ltd as the firms strengthen their partnership following the successful launch of the UK’s first ultra-fast Electric Forecourt.

Robert Gordon, CEO of Hitachi Capital (UK) PLC, said “Our collaboration with GRIDSERVE to deliver sustainable energy marks a breakthrough in delivering the world class infrastructure the UK needs in order to accelerate electric mobility. 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.”

The GBP 10m investment in GRIDSERVE, reflects Hitachi Capital UK’s commitment to, and confidence in the business. Over the course of 2020 Hitachi Capital UK has funded over GBP 24m in GRIDSERVE projects, including funding to help deliver the completion of the Braintree Electric Forecourt®.

Over the next five years, GRIDSERVE hopes to build more than 100 Electric Forecourts across the UK, delivering fast, ultra-convenient and reliable charging for EVs.

Hitachi Capital UK’s partnership with GRIDSERVE also encompasses the UK’s first net zero electric vehicle leasing business, which is designed to bring the cost of driving electric vehicles powered by net zero carbon energy well below that of petrol or diesel cars, and simultaneously minimise the environmental impact of EVs.

Toddington Harper, CEO of GRIDSERVE Sustainable Energy Ltd, said “Having Hitachi Capital (UK) PLC as a shareholder in GRIDSERVE represents a major milestone and landmark moment in GRIDSERVE’s journey to deliver sustainable energy and move the needle on climate change. 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.”

GRIDSERVE’s purpose is to deliver sustainable energy and move the needle on climate change. We are at the forefront delivering the transition to a net zero carbon economy by developing, building, owning and operating solar energy and battery storage solutions for critical power infrastructure, together with a net zero carbon leasing business in partnership with Hitachi Capital (UK) PLC. GRIDSERVE’s team have been responsible for the development, construction and operation of more than a gigawatt of solar energy and energy storage solutions, including connecting over 100 utility-scale sustainable energy projects to the UK grid. GRIDSERVE is interested in exploring new electric vehicle charging and sustainable energy opportunities, including new hybrid solar farms and Electric Forecourts.

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