Hitachi Capital invests £10m into Gridserve

Hitachi Capital announces a £10m investment in Gridserve as part of its strengthening of the partnership with the firm.

The move follows the launch of the UK’s electric forecourt, which saw the companies work together, and the new £10m investment will see Hitachi Capital build on £24m investment with Gridserve in 2020.

The latest investment by Hitachi Capital UK is aligned to its wider vision of financially supporting projects that go towards delivering a net zero carbon economy. The partnership aims to create the infrastructure to accelerate the adoption of electric vehicles and grow the UK’s solar energy capacity.  Over the next five years, Gridserve will build more than 100 electric forecourts across the UK.

The partnership also encompasses the UK’s first net zero electric vehicle leasing business, which is designed to bring the cost of driving electric vehicles powered by net zero carbon energy below that of petrol or diesel cars.

Robert Gordon, CEO of Hitachi Capital (UK) PLC, said: “Our collaboration with Gridserve to deliver sustainable energy marks a breakthrough in delivering the world class infrastructure the UK needs in order to accelerate electric mobility.

“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. 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.”

Toddington Harper, CEO of Gridserve Sustainable Energy, commented: “Having Hitachi Capital (UK) PLC 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.

“Delivering the UK’s first Electric Forecourt with net zero carbon energy provided by Clayhill Solar Farm, as well as launching the UK’s first net zero leasing business, is testament to the results and benefits we can deliver through our partnership, and we look forward to delivering many more Electric Forecourts and sustainable energy projects together in the months and years ahead.”

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