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

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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. 

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.

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