Hitachi Capital UK has announced a £10 million investment in Gridserve, one of the UK’s leading green energy firms.
The latest investment brings to a total of over £24 million the money invested by Hitachi Capital in Gridserve projects, including funding to help deliver the completion of the Braintree Electric Forecourt.
Hitachi Capital’s partnership with Gridserve aims to revolutionise the UK’s approach to solar energy and create the infrastructure to accelerate the adoption of electric vehicles. Over the next five years, Gridserve will build more than 100 Electric Forecourts across the UK, delivering fast, ultra-convenient and reliable charging for EVs.
The investment was made in order to accelerate the all-electric revolution and ultimately help Gridserve to drive the country forward, according to Robert Gordon, CEO of Hitachi Capital.
“Combining our financial strength and motor industry expertise with Gridserve’s leading renewable energy work is a perfect partnership to create a new revolutionary green energy future,” he said. “Our intention is to become a market leader for EV adoption and today’s announcement, along with our commitment that 20% of our assets will support sustainable business projects over the next five years, shows our determination to deliver on that promise.”
The first Electric Forecourt near Braintree, Essex, has already opened for business. As we reported, the state-of-the-art facility will enable 36 electric vehicles to be charged simultaneously, with high power chargers that can deliver up to 350 kW of charging capacity, allowing vehicles to add 200 miles of range in 20 minutes.
The new investment by Hitachi is considered an important step for the future ambitions of Gridserve, according to Toddington Harper, CEO of Gridserve Sustainable Energy Ltd.
“Having Hitachi Capital as a shareholder in Gridserve represents a major milestone and landmark moment in Gridserve’s journey to deliver sustainable energy and move the needle on climate change,” he said.