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. 

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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