A new £1.6bn clean energy scheme will begin next year across 45 locations, across the UK, with drivers of EVs set to benefit.
The energy start-up Pivot Power has won backing from the National Grid and other investors in a project that will see the implementation of 50-megawatt batteries at 45 new sites across the country, each of which will include charging points for 100 electric cars.
Graeme Cooper, National Grid project director for Electric Vehicles, said: “We expect the use of electric vehicles to grow rapidly. This innovative solution will help accelerate adoption by providing a network of rapid charging stations across the country enabling cars to charge quickly, efficiently and as cost-effectively as possible.
“It will also give the system operator more choice and flexibility for managing the demands in the day to day running of the network, and also help mass EV charging”.
Colin Corbally, a partner at Downing LLP, who have backed the project, commented: “The prospects of a future ban on petrol and diesel vehicles, coupled with the threat of a potential energy crisis in the UK, means Pivot Power is extremely well-positioned to help UK investors benefit from supporting the low-carbon transition. Through our partnership with the Pivot Power team, we have developed an exciting but robust business plan to seize this unique opportunity to play a pivotal role in the battery and electric car revolution.”
Pivot Power aims to have operational batteries at 10 sites with 18 months, with Southampton set to host the first operational site in mid-2019, subject to planning permission.
May 22, 2018