UK’s Zenobe Energy gets US$326m financing for EV fleet solutions including battery storage 

By Alice Grundy
LinkedIn
Twitter
Reddit
Facebook
Email
In addition to electric buses and associated infrastructure, the company develops large-scale battery energy storage system (BESS) projects. Image: Zenobe Energy.

UK clean energy and transport solutions developer Zenobē Energy has established a multi-source debt structure of £241 million (US$326 million) to fund capital investment into e-buses and charging infrastructure.

The funding platform – which Zenobē said is the first of its kind – was advised and structured by UK retail bank NatWest, which has previously provided funding to Zenobē to help grow its electric vehicle (EV) activities.

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 funding package is to support Zenobē’s turnkey fleet electrification offering, which it launched in May 2019.

The offering includes financing for charging infrastructure, stationary battery storage located in bus depots for overcoming grid constraints, batteries on the vehicles and the vehicles themselves.

Currently, Zenobē has 175MW of operational and contracted storage assets and 394 electric vehicle (EV) buses, equivalent to an estimated 25% market share of the UK operational EV bus sector.

To read the full version of this story visit Current±.

24 February 2026
InterContinental London - The O2, London, UK
This isn’t just another summit – it’s our biggest and most exhilarating Summit yet! Picture this: immersive workshop spaces where ideas come to life, dedicated industry working groups igniting innovation, live podcasts sparking lively discussions, hard-hitting keynotes that will leave you inspired, and an abundance of networking opportunities that will take your connections to new heights!

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.
Premium
July 8, 2025
ESN Premium speaks with Sahand Karimi, co-founder and CEO of Australian AI-driven energy management company OptiGrid, on the new FPP reform.
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