Contact the Capital Investment team for more details about this opportunity

Opportunity GRIDSERVE electric vehicle forecourt network

With a total capital requirement of up to 1 billion GBP, this project provides an opportunity for investment in the development and operation of a national network of electric vehicle forecourts.

The project has the potential to generate diverse and parallel revenue streams from a range of sources, delivering strong investment returns.

GRIDSERVE will consider a variety of investment involvement to include equity, combined debt and equity, co-investment and development funding. The project’s capital funding will be phased over the development cycle.

Contact the Capital Investment team for more details about this opportunity.

GRIDSERVE electric vehicle charging station forecourt
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Location

Multiple UK locations

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Project promoter

GRIDSERVE Sustainable Energy Limited (GRIDSERVE)

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Scale

£1 billion capex on a phased basis

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Sector

Battery energy storage, Electric vehicle charging infrastructure

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Investment type

Equity or combined debt and equity

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Planning status

Site specific – multiple sites being secured. Planning consent is in place for first site at Slamseys, Essex.

GRIDSERVE Electric car charging ports with electric cars plugged in

Project background

GRIDSERVE is developing a countrywide network of customer focussed electric vehicle forecourts that provide ultra-fast electric vehicle charging services and associated retail opportunities.

About the project

In advance of the mass adoption of electric vehicles, each GRIDSERVE electric vehicle forecourt is designed to derive revenue and profitability from the provision of solar energy generation and electricity grid balancing services.

Over time each electric vehicle forecourt is expected to become increasingly profitable as greater numbers of electric vehicles use each site.

The project benefits from the following attractive characteristics:

  • Strong project roll-out plan, with 200 electric vehicle forecourts to be developed and operated nationally. Four electric vehicle forecourts are scheduled to be operational by end 2019, with a further 20 operational sites by end 2020.
  • Attractive business model with diverse income streams derived from developing, building, owning and operating electric vehicle forecourts.
  • Large and growing addressable markets, with predictions that within 21 years 54% of new car sales will be electric, up from less than 2%. today. In addition, the UK government is set to ban new petrol and diesel car sales by 2040, with a target of 50 to 70% of all new car sales to be zero emission by 2030.
  • Over several years, GRIDSERVE has developed close commercial partnerships with a number of supply chain partners.
  • GRIDSERVE’s management team have developed, built and operated over 100 large-scale UK grid-connected energy projects totalling close to one gigawatt of power capacity, covering solar power, battery storage, and sustainable energy projects.

Project promoter and partnerships

GRIDSERVE is a technology-enabled sustainable energy business which develops, builds, owns and operates critical power solutions, using solar energy and battery storage.

GRIDSERVE’s management team has been responsible for the development, construction and operation of more than one gigawatt of solar energy and energy storage solutions, including connecting over 100 utility-scale sustainable energy projects to the UK grid in the last 5 years.

To invest in the UK, get in touch with our team.

Find out more about GRIDSERVE.