Tag: UK Infrastructure Bank

Rock Rail, UK Infrastructure Bank and Aviva launch £100m funding for bus leasing platform ‘Rock Road’

Stuart Mitchell

Rock Rail, the UK Infrastructure Bank and Aviva, through its in-house capital unit Aviva Capital Partners, have formed a partnership to provide a new funding platform for zero emission bus financier ‘Rock Road’. The partnership, alongside a debt facility from UK Infrastructure Bank and HSBC UK, is committing an initial £100m to fund up to 250 zero emission buses and associated infrastructure. Rock Road offers a finance solution for UK bus operators and public transport authorities to decarbonise their fleet, while minimising capital outlay and outsourcing key ownership risks around…

Read More

UK Infrastructure Bank invests to strengthen domestic lithium supply chain and boost Cornish economy

Stuart Mitchell

UK Infrastructure Bank has announced an equity investment of approximately £24 million to support Cornish Lithium in the development of the UK’s critical minerals supply chain. The investment, the Bank’s first equity deal, will help finance the creation of a domestic supply of lithium, which is crucial to the scaling up of battery production for electric vehicles and the development of battery energy storage – both key sectors in the UK’s transition to net zero.  The Bank’s involvement facilitated matched funding by The Energy & Minerals Group (EMG), a US-based…

Read More

Bank commits £62.5 million in major project to boost UK energy storage capacity

Stuart Mitchell

The UK Infrastructure Bank has announced its first debt transaction in battery storage with a £62.5 million commitment to support the development of multiple new energy storage and grid stability facilities across the UK. The Bank’s investment will form part of a £175m financing deal which will support Pulse Clean Energy Ltd (PCE) in its plans to invest over £1 billion in the deployment of more than 1GW of battery energy storage system (BESS) capacity across 20 sites in England, Scotland and Wales over the next three years. This includes…

Read More