Fueled by a £35 million ($44 million) investment by Cube Infrastructure Fund II, rapid-charging network Engenie has plans to deploy 2,000 rapid electric vehicle (EV) chargers by 2024, doubling the number of chargers in the United Kingdom.
Engenie CEO Ian Johnstone told The Energyst that the company expects to have 100 charge points installed by the end of the year. The company is installing chargers at 200 of independent and pub retailer Marston’s sites, and is developing a pipeline of other locations through talks with local authorities and retailers.
“ZapMap shows there are over 2,000 rapid chargers in the U.K.,” said Johnstone. “But that doesn’t mean they are in the right location. Others are busy installing where there is sufficient grid capacity. Instead, we look at reams of data to determine the best place for charging infrastructure … that will be used a lot in 10 years’ time.”
In April, Octopus Energy partnered with the company to supply 100 percent renewable electricity to the expanding EV fast charge network.
The Cube fund focuses on strategic infrastructure markets offering sustainable growth potential principally driven by deregulation and/or market consolidation needed to improve the efficiency of infrastructure and public services, according to Cube’s website. Notable services include energy supply, communication infrastructure, public transport and waste management.
