LONDON, United Kingdom – (BUSINESS WIRE) – 12 Apr 2021–
Liberty Charge, a joint venture created by Liberty Global and Zouk Capital to launch electric vehicle charging points on highways in the UK, today announced the successful completion of its first UK installation in the London area, Waltham Forest.
The project will see the joint venture install 20 fill points at 10 sites in the borough. This figure will increase to 50 locations as future locations are determined. Announcement following a report from the 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 the national program launched by Liberty Charge. More areas for deployment will be confirmed during this year as Liberty Charge continues to discuss with local authorities across the UK to maximize the opportunities for charging electric vehicles on the roads for residents.
The joint venture, which was founded last May, leverages Liberty Global UK’s 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), a special fund set up by the UK Government in 2019 and supported by HM Treasury to help develop public charging infrastructure points for electric vehicles across the UK.
Neil Isaacson, CEO, Liberty Charge, commented: “Recent research has highlighted the need to do more to meet growing consumer demand for electric vehicle 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 do everything we can to ensure that the charging infrastructure is not a limiting factor. We look forward to partnering with other local authorities to provide residents with more opportunities to charge their electric vehicles on the road. “
Cllr Clyde Loakes, Deputy Leader, Waltham Forest Council, added: “Waltham Forest is dedicated to enabling people to turn to EVs to reduce vehicle-related emissions and promote more sustainable forms of transportation. Working with Liberty Charge, which takes advantage of Virgin Media’s infrastructure and capabilities, is a logical decision to maximize expertise, minimize disruption, and help build a best-in-class on-the-road charging network. “
The charging point will be operated by EV DOT, a publicly accessible electric vehicle charging network owned and operated by BMM Networks. The charging point provides access to a charging capacity of up to 22 kW and an EV driver charge of 30p per kWh.
ABOUT THE LIBERTY FEES
Liberty Charge works in partnership with Local Authorities, Chargepoint operators, and other eMobility stakeholders to help provide power infrastructure and connectivity for EV Charging on the road in residential areas in UK Cities and Cities to serve residents without parking and off-road charging. We are a joint venture between Liberty Global and Zouk Capital that leverages all the development capabilities and network assets of Virgin Media, a subsidiary of Liberty Global. Zouk Capital is a London-based technology and infrastructure fund manager. Zouk is a fund manager for the UK Treasury Replenishment Infrastructure Investment Fund (CIIF).
ABOUT ZOUK CAPITAL
Zouk Capital is a sustainable growth technology and infrastructure fund manager. Zouk’s dual-track strategy takes advantage of the commercial opportunities created by the global shift to greater resource efficiency, industrial decarbonization and sustainability. Zouk’s infrastructure investment fund invests in projects and companies in renewable energy and environmental infrastructure, including sectors such as electric vehicle charging infrastructure, waste to energy, energy efficiency and small-scale distributed energy. Zouk manages the UK’s Financial Charging Infrastructure Investment Fund, which aims to catalyze the rollout of the electric vehicle charging infrastructure needed to support vehicle electrification. Zouk has been investing in a sustainable economy since 2000, has nearly € 900 million managed and is based in London.
ABOUT GLOBAL LIBERTY
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, Sunrise UPC combined, and VodafoneZiggo, which owned through a 50/50 joint venture. Our substantial scale and commitment to innovation allows us to invest in digital infrastructure and platforms that empower our customers to make the most of the digital revolution.
Liberty Global delivers market-leading products through a next-generation network that connects subscribed subscribers to 49 million broadband, video, fixed-line and cellular 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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SOURCE: Liberty Global
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PUB: 04/12/2021 08:00 / DISC: 04/12/2021 08:01
Business Wire Copyright 2021.