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

By Alice Grundy
February 10, 2022
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.

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.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

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±.

9 June 2026
Stuttgart, Germany
Held alongside The Battery Show Europe, Energy Storage Summit provides a focused platform to understand the policies, revenue models and deployment conditions shaping Germany’s utility-scale storage boom. With contributions from TSOs, banks, developers and optimisers, the Summit explores regulation, merchant strategies, financing, grid tariffs and project delivery in a market forecast to integrate 24GW of storage by 2037.
13 October 2026
London, UK
Now in its second edition, the Summit provides a dedicated platform for UK & Ireland’s BESS community to share practical insights on performance, degradation, safety, market design and optimisation strategies. As storage deployment accelerates towards 2030 targets, attendees gain the tools needed to enhance returns and operate resilient, efficient assets.
19 November 2026
London, UK
The Energy Storage Awards (ESAs) aim to reward excellence and hard work in the European industry, recognising the pioneering spirit and dedication to positive change it represents. Now in their fourth year, the Energy Storage Awards are brought to you by Solar Media, publisher of global energy storage industry website Energy-Storage-News, and host of events including the Energy Storage Summit series in the UK, US, Asia and Australia.

Read Next

April 16, 2026
Czech investment group Wood & Company (Wood & Co) has hired construction and optimisation partners for large-scale battery storage projects in Finland and Sweden.
Premium
April 16, 2026
The attractiveness of the BESS market for M&A and investment, amidst a slowdown in activity, was discussed on a panel at the Energy Storage Summit 2026 in London.
April 15, 2026
UK energy major Centrica has activated two BESS totalling 40MW in Borlänge, Sweden, expanding its European portfolio to more than 770MW.
Premium
April 14, 2026
Over 1.4GW/3.4GWh of grid-scale BESS came online in Europe, likely its best month ever, accounting for almost a fifth of global figures.
April 14, 2026
Copenhagen Infrastructure Partners has sold its 240MW/960MWh Summerfield Battery to Palisade Investment Partners in South Australia.