Liberty Charge Launches National EV Infrastructure Rollout in London Borough
April 12 2021 - 7:00AM
Business Wire
Liberty Global and Zouk Capital-backed Firm to Install
Charging Points across the London Borough of Waltham Forest as
National Drive to Net Zero Gathers Pace
Liberty Charge, the joint venture created by Liberty Global and
Zouk Capital to rollout on-street electric vehicle charging points
in the UK, has today announced the successful completion of its
first UK installation in the London borough of Waltham Forest.
The project will see the joint venture install 20 charging
points across 10 sites in the borough. This figure will increase to
50 sites as future locations are determined. The announcement
follows a report from Policy Exchange in February 2021 which found
that the UK needs to install five times as many EV charging points
to meet its climate goals.
Waltham Forest is the first installation in a national programme
being rolled out by Liberty Charge. More areas for deployment will
be confirmed during the course of this year as Liberty Charge
continues discussions with local authorities throughout the UK to
maximise on-street electric vehicle charging opportunities for
residents.
The joint venture, which was set up last May, leverages Liberty
Global UK subsidiary, Virgin Media’s network infrastructure,
deployment capabilities and trusted relationships with local
authorities. Zouk is the manager of the Charging Infrastructure
Investment Fund (CIIF), the dedicated fund established by the UK
Government in 2019 and backed by HM Treasury to help develop public
charging infrastructure points for electric vehicles throughout the
UK.
Neil Isaacson, CEO, Liberty Charge, comments: “Recent research
has highlighted the need to do much more to meet the rising
consumer demand for electric vehicles charging if the UK
government’s carbon neutral targets are to be met. There are many
challenges on the road to net zero and at Liberty Charge we’re
doing everything we can to ensure that charging infrastructure is
not a limiting factor. We look forward to partnering with other
local authorities to give residents more opportunities to charge
their electric vehicles on the street.”
Cllr Clyde Loakes, Deputy Leader, Waltham Forest Council, added:
“Waltham Forest is dedicated to enabling people to convert to EVs
to reduce vehicle related emissions and promote more sustainable
forms of transport. Working with Liberty Charge, which can tap into
Virgin Media’s infrastructure and capabilities, is a logical
decision to maximise expertise, minimise disruption and help build
a best-in-class on-street charging network.”
The charging points will be operated by EV DOT, a publicly
accessible electric vehicle charging network owned and operated by
BMM Networks. The charge points provide access to a charging
capacity of up to 22 kW and cost EV drivers 30p per kWh to
charge.
ABOUT LIBERTY CHARGE
Liberty Charge works in partnership with Local Authorities,
Chargepoint operators and other eMobility stakeholders to help
deliver power and connectivity infrastructure for onstreet EV
Charging in residential areas of UK Cities and Towns to serve
residents without offstreet parking and charging. We are a joint
venture between Liberty Global and Zouk Capital leveraging all the
build capabilities and network assets of Virgin Media, a Liberty
Global subsidiary. Zouk Capital is a London-based sustainable
infrastructure and growth technology fund manager. Zouk is the fund
manager for the UK Treasury's Charging Infrastructure Investment
Fund (CIIF).
ABOUT ZOUK CAPITAL
Zouk Capital is a sustainable infrastructure and growth
technology fund manager. Zouk's distinctive dual-track strategy
capitalises on the commercial opportunities created by a global
shift to greater resource efficiency, decarbonisation of industries
and sustainability. Zouk’s infrastructure investment funds invest
in projects and companies in the renewable energy and environmental
infrastructure space, including sectors such as electric vehicle
charging infrastructure, waste-to-energy, energy efficiency and
distributed small-scale energy. Zouk manages the UK Treasury’s
Charging Infrastructure Investment Fund, which aims to catalyse the
rollout of electric vehicle charging infrastructure that is
required to support the electrification of vehicles. Zouk has
invested in the sustainable economy since 2000, has almost €900m
under management and is based in London.
ABOUT LIBERTY GLOBAL
Liberty Global (NASDAQ: LBTYA, LBTYB and LBTYK) is one of the
world’s leading converged video, broadband and communications
companies, with operations in seven European countries under the
consumer brands Virgin Media, Telenet, UPC, the combined Sunrise
UPC, as well as VodafoneZiggo, which is owned through a 50/50 joint
venture. Our substantial scale and commitment to innovation enable
us to invest in the infrastructure and digital platforms that
empower our customers to make the most of the digital
revolution.
Liberty Global delivers market-leading products through
next-generation networks that connect customers subscribing to 49
million broadband, video, fixed and mobile telephony services
across our brands. We also have significant investments in ITV,
All3Media, ITI Neovision, LionsGate, the Formula E racing series
and several regional sports networks.
For more information, please visit www.libertyglobal.com.
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