The Electric Highway has been acquired by sustainable energy business Gridserve for an undisclosed amount of money.
The move comes just a couple of months after WhichEV reported that the two companies announced a major new collaboration for the development of the Electric Highway in order to replace existing chargers with new technology and double the capacity.
Ecotricity said the sale would enable the company to push forward with a number of other projects, including solar and battery storage schemes, and expand its ‘sky mining’ facility – a carbon capture and storage process that turns atmospheric carbon dioxide into lab-ground diamonds known as Skydiamond.
Gridserve has the ambitious goal of completely revolutionising the charging infrastructure for EVs as it plans to build over 100 Electric Forecourts across the UK, making recharging an electric vehicle as easy as filling up a gas tank and that is why Toddington Harper, CEO of Gridserve is extremely excited about this deal.
“It’s a real honour for Gridserve to have been chosen by Ecotricity as the organisation to take the Electric Highway forward in its next phase,” he said. “Our purpose is to deliver sustainable energy and move the needle on climate change, and the upgraded network will provide the confidence for millions more to make the successful transition to electric vehicles in the earliest possible timeframes.”
The Electric Highway was established in 2011 and enabled early adopters of electric cars to drive through the whole country.
As WhichEV reported, the first Electric Forecourt by Gridserve is already open for business and enables 36 electric vehicles to be charged simultaneously, with high power chargers that can deliver up to 350 kW of charging power, allowing vehicles to add 200 miles of range in 20 minutes.
Dale Vince, founder of Ecotricity, has explained that Gridserve will help the Electric Highway be a key component of the all-electric revolution and keep supporting drivers across the country.
“The Electric Highway needs a growth spurt to make sure it stays ahead of driver demand and continues to play its key role as the network that delivers more miles every year than any other,” he said.