UK energy storage solutions provider Zenobe Energy is targeting an additional 500MWh of storage and 1,000 electric buses following a £150 million (US$198.94 million) investment from the infrastructure equity investment arm of investment manager M&G.
Combined with its debt facilities, an estimated £450 million will be deployed by Zenobe into its battery storage and transport electrification ambitions. The company currently has 170MW of grid scale batteries in operation or construction, and is currently supporting over 100 electric buses and finalising contracts with operators to support a further 250 electric vehicles by summer 2021. Link to the news: https://www.energy-storage.news/news/zenobe-energy-gets-200-million-investment-to-fuel-500mwh-of-uk-battery-port