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 25, 2025
Google has partnered with and made a strategic investment in carbon dioxide-based long-duration energy storage (LDES) company Energy Dome.
Premium
July 24, 2025
Steady price falls the past few years have made lithium-ion BESS a real contender for long-duration energy storage (LDES), and that is now reflected in global project pipelines.
Premium
July 23, 2025
Developer Rhynland Energy has applied to Massachusetts’ energy regulator for approval of a 180MW/720MWh standalone BESS, to the dismay of local authorities in the Town of Oakham.
July 23, 2025
Activity in the UK battery energy storage system (BESS) market continues to grow substantially year-on-year despite numerous headwinds, as detailed in this H1 recap from our Market Research colleagues.
July 22, 2025
RM Funds has proposed a meeting of it and other Gore Street Energy Storage Fund (GSF) investors to discuss changes to the board following ‘sustained underperformance’, it said.

Most Popular

Email Newsletter