Santander invests US$33m into UK battery developer Zenobe’s growth plan

LinkedIn
Twitter
Reddit
Facebook
Email
Zenobe grid battery storage site in Aylesford, UK. The company recently also got involved in the transport sector with an electric bus deal (below). Images: Zenobe.

UK battery storage firm Zenobe has secured £25 million (US$32.93 million) in funding from Santander as it looks to continue its growth.

The funding is a non-recourse £25 million debt facility from Santander Corporate & Commercial.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The capital raised from the debt facility will allow Zenobe to invest in behind-the-meter services offered to commercial and industrial customers, and finance the construction and/or purchase of new grid scale battery storage projects.

To read the full version of this story, visit Solar Media’s energy transition site, Current±, where it first appeared.

Read Next

July 10, 2025
Australia’s DCCEEW has announced plans to streamline the Capacity Investment Scheme (CIS) by transitioning to a one-stage process.
July 9, 2025
UK BESS owner Gresham House Energy Storage Fund (GRID) has entered into long-term floor agreements with Statkraft and Markel Bermuda, which will partially replace its toll with Octopus once that expires next year.
July 9, 2025
Australian renewables developer Edify Energy has submitted plans for a 2,400MWh solar-plus-storage project to Australia’s Environment Protection and Biodiversity Conservation (EPBC) Act.
Premium
July 8, 2025
Listing via the Hong Kong Stock Exchange is emerging as a key financing pathway for China’s energy storage players, writes Carrie Xiao.
July 8, 2025
Major Australian energy generator-retailer EnergyAustralia has sold a 50% share in its 1,400MWh Wooreen battery energy storage system (BESS) to Thailand-based energy firm Banpu Public Company.

Most Popular

Email Newsletter