SDCL Energy Efficiency Income Trust (SEEIT), an investment company that invests exclusively in the energy efficiency sector, has made an agreement via its partner The EV Network with charging provider ESB Energy to significantly expand its network of fast charging infrastructure across the UK.

The ESB Energy roll-out will be funded as part of a £50-million investment commitment to infrastructure development firm The EV Network that SEEIT has already announced.

The EV Network offers a turnkey solution to develop, fund and build public charging stations in the UK, and is already working with several charge point operators (CPOs).

Under the new agreement, The EV Network plans to deploy “a significant number of rapid and ultra-fast EV charging sites in high-traffic areas at strategically selected locations.”

ESB Energy already has a network of 400 fast chargers in the UK, and has a strong presence in London, Birmingham and Coventry. ESB says all its chargers are powered by 100% renewable energy.

Jonathan Maxwell, CEO of parent company Sustainable Development Capital, said, “The agreement with ESB Energy and our ongoing partnership with The EV Network is a commitment to address current challenges facing energy efficiency and pollution prevention in the transport sector, as well as the much-publicized need to invest in the UK’s EV charging infrastructure capability to enable the uptake and servicing of electric vehicles.”

Source: SDCL Group