Zenobe and NatWest financing deal featured in The Guardian

Zenobe’s newly announced financing deal with NatWest was today featured in an article for The Guardian.

“Zenobe Energy has secured a £20m loan from NatWest to finance enough batteries to power about 100 electric buses owned by private transport firms and councils around the UK,” says Jullian Ambrose, energy correspondent for The Guardian.

The article outlines how Zenobe, as one of the UK’s largest independent owners and operators of battery storage, has secured up to £20m of contracted receivables funding from NatWest Specialist Structured Finance, to support the continued growth of the company in the EV sector. This follows on from last year’s successful raise of £35m of equity from JERA Co. Inc. and TEPCO Power Grid Inc. and the arrangement of the first non-recourse debt facility from a high street bank secured against battery storage projects that trade predominately on a merchant basis.

Click here to read more about the financing deal in The Guardian.