The sale will enable Ecotricity to invest in its core green energy business – with innovations like Britain’s first Green Gasmill – a revolutionary process of making ‘natural gas’ for the grid simply from grass. It will also bring forward a series of solar and battery storage projects to be built without government support, while expanding its Sky Mining facility – a world first carbon capture and storage process that turns atmospheric carbon dioxide into diamonds.
Ecotricity’s Electric Highway was launched a decade ago and helped kickstart the country’s electric car revolution. In a decade, charging has leapt from 3-pin plugs and 7kW charging to the current state-of-the-art 350kW, capable of providing 100 miles of charge in around 5 minutes, while typical car range has increased from 80 miles to over 300.
This technical progress and rapid price convergence of new electric cars with their fossil counterparts has seen more than 500,000 plug-in cars now on UK roads – with around seven per cent of new vehicles sales so far in 2021 being pure electric vehicles. Many of the world’s largest car manufacturers have announced dates for the final production of fossil powered cars and the Government have put a long stop on this by announcing a ban on the sale of new petrol or diesel vehicles by 2030.
Gridserve is ramping up investment in the Electric Highway with the replacement of all the existing chargers on the network with new technology that features all the latest advances including contactless payment – and the opening last month of the first high power charging facility at Moto’s new flagship Motorway services at Rugby, featuring 12 x 350kW chargers.
Dale Vince OBE, Founder, Ecotricity, said: “We’ve reached an interesting point in the electric car revolution, exponential growth is just around the corner, the technology for charging has evolved with one standard and an incredible rate of charging now being possible – using an electric car is almost on a par with using a fossil powered car, where you can just top up once every week or two. And the Electric Highway needs a growth spurt, to make sure that it stays ahead of driver demand and continues to play it’s key role, as the network that delivers more miles every year than any other. For this the Electric Highway needs an owner with access to serious funding and real commitment to the cause – I’m delighted to have found the ideal company to hand the baton to, in GRIDSERVE.”
Toddington Harper, CEO, GRIDSERVE, added: “It’s a real honour for Gridserve to have been chosen by Ecotricity as the organisation to take the Electric Highway forward in its next phase. Our purpose is to #deliver sustainable energy and move the needle on climate change, and the upgraded network will provide the confidence for millions more people to make the successful transition to electric vehicles in the earliest possible timeframes.”