The operator of a rapid-charge EV network in the UK has pledged to double the current number of fast-charge points in Britain by 2024 after it secured à‚£35m investment from a European infrastructure fund.
Engenie says that it will use the investment from Cube Infrastructure Fund II to install over 2000 EV rapid-charging points across the UK at public sites such as supermarkets and retail parks.
“The EV market is marching into the mainstream,” said Engenie chief executive Ian Johnston. “Private companies are now seizing the EV investment opportunity and nearly 75 per cent of car buyers are considering an EV as their next vehicle.”
He said that “those organisations offering public car parking can position themselves for the future by providing new value to customers and driving increased footfall by installing rapid chargers. The EV tipping point is coming and this significant investment commitment positions us at the forefront of this burgeoning market.”
According to recent data there were 2189 rapid chargers across the UK at the end of May and Engenie predicts it will have installed 100 more by the end of the year.
Renaud de Matharel, chief executive of Cube Infrastructure Managers, said: “With transportation representing about 40 per cent of total energy consumption in the UK and air pollution becoming a fast-growing concern, we see new mobility solutions as a critical factor in achieving energy transition targets and implementing climate change policies.”
He said that over the last decade, funds managed by Cube Infrastructure Managers have invested in both public transport operators and renewable energy companies. “Electro-mobility, which is lying at the intersection of these two sectors, is an integral part of our new fund’s investment focus. By investing in Engenie, we intend to accelerate the deployment of its rapid EV charging infrastructure, providing over the long term, an increasingly essential service to local communities across the UK.”
Poppy Welch, Head of Go Ultra Low, a joint government and industry campaign to promote the uptake of electric vehicles, said: “The UK is already home to one of Europe’s biggest rapid chargepoint networks and Engenie’s commitment to adding a further 2000 units will make it even easier for motorists to access rapid chargers on the go.
“The new rapid chargepoints will be an invaluable addition to the UK’s ever-expanding network. With more than 24,000 chargepoint connectors at almost 9,000 locations, there are now more places to charge your car on the go than there are petrol stations. The increase in the availability of chargepoints across the length and breadth of the country, including rural locations as well as towns and cities, means it has never been more convenient to own and run an electric car.”
European Utility Weekà‚ will spotlight public and private electric vehicles, examining the challenges and opportunities for the energy system plus sector coupling opportunities between transport and power. Free EV sessions in theà‚ Energy Revolutionsà‚ hub offer the chance to meet engineers, project managers, utilities, renewable generators, European bodies and agencies ” all looking to collaborate on the solutions of the future.