The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

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

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.

Email Newsletter