An energy start-up backed by the former boss of National Grid has secured a £25 million investment from Japanese power giants to support the installation of big batteries for charging electric buses.
Zenobe Energy, which is chaired by Steve Holliday, said it would use some of the funding from Tepco and Jera for more battery storage projects at bus depots after completing the first such UK project in Guildford earlier this year.
Many cities are looking at switching to electric bus fleets to reduce pollution but their plans may be hampered by limited power supplies to their bus depots. Digging up roads to install a more powerful grid connection can be costly and time-consuming.
Zenobe hopes to capitalise on this by installing giant batteries that…