£100 million of funding has been invested in the construction of the first multi-energy recharging and refuelling sites for commercial vehicles in the UK.
The financing comes from investment firm Quinbrook Infrastructure Partners who will be backing Aegis Energy to build the multi-fuelling stations.
The energy company intends to build a network of hubs for truck and van operators transitioning to cleaner fuels, including electric, HVO, hydrogen and bio-CNG.
Christopher Thorneycroft-Smith, Co-founder at Aegis Energy, said:
“The transition will take time and play out differently for each fleet, but by providing public hubs with multiple clean energy charging and refuelling options, we’re supporting operators to choose how they want to make the transition. Quinbrook’s funding will help us ensure that critical energy infrastructure is reliably available where our customers need it, and support millions of vehicles to make a once-in-a-multi-generational change.”
An initial five-station network is planned to be completed by the end of 2027, with stations under development in Sheffield, Immingham, Warrington, Corby and Towcester, with a broader network of up to 30 hubs to be built by the end of the decade.
Rory Quinlan, Co-Founder and Managing Partner at Quinbrook, said:
“The UK Government’s regulatory push to decarbonise the transit fleet creates meaningful opportunities for investment in companies like Aegis Energy that are pioneering this effort. While this represents Quinbrook’s first venture in sustainable transport, it is new and innovative energy transition infrastructure opportunities like Aegis that we are known for and that our investors are seeking exposure to.”
Image: Aegis Energy
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