LIBERTY CHARGE LAUNCHES NATIONAL EV INFRASTRUCTURE ROLLOUT IN LONDON BOROUGH
12 April 2021
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.
LIBERTY GLOBAL ANNOUNCES NEW JOINT VENTURE – LIBERTY CHARGE
20 May 2020
Liberty Global Ventures and Zouk Capital today announce a joint venture partnership, Liberty Charge, which will roll out on-street residential electric vehicle charging points in the UK.
Leveraging Virgin Media’s connectivity network, infrastructure deployment capabilities and trusted relationships with local authorities, the 50:50 joint venture – originally set up as a small incubation initiative within Liberty Global Ventures last year – will focus on providing the under-the-pavement power and communications infrastructure necessary for electric vehicle charging in residential areas.
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.
According to research, more than 40% of urban vehicle owners don’t have access to a driveway they could use to charge an electric vehicle. The venture will provide charge point operators and local authorities with so-called ‘plug and play’ on-street charging facilities in large cities and towns where many residents don’t have access to off-street parking.
The partnership supports Liberty Global’s efforts in this space following on from its Virgin Media Park and Charge (VPACH) project, which aims to deploy 1,200 charging sockets in towns and cities across the country by early 2021. Access to public electric vehicle charging is a key initiative within the UK government’s drive to reduce net carbon emissions to zero by 2050. Providing on-street residential charging is a core component of Zouk’s Charging Infrastructure Investment Fund strategy.
Neil Isaacson, who has been leading Liberty Charge’s market development activities, has been appointed CEO of the venture.
Jason Simpson, Vice President Global Energy and Utilities for Liberty Global, comments:
“This investment from Zouk re-enforces our belief that there is significant value in leveraging Virgin Media’s wide ranging infrastructure and connectivity capabilities into new and fast growing sectors such as eMobility and Energy. Zouk Capital is the perfect partner in this venture thanks to their sector expertise and focus on sustainability. We look forward to working with them to help drive electric vehicle adoption in the UK.”
Massimo Resta, Partner at Zouk Capital, adds:
“CIIF’s central objective is to scale open-access, public EV charging networks for the UK consumer and this is exactly what Liberty Charge will achieve for the thousands of car owners, who do not have access to off street parking. Liberty Global’s infrastructure deployment capabilities and Virgin Media’s extensive connectivity network make it perfectly positioned to rapidly deploy on-street residential charging in UK towns and cities, and we are excited to be partnering with them on this opportunity.”