Opus advises Ecotricity on the Electric Highway’s partnership with GRIDSERVE
Category: Deal Announcement
Opus is delighted to have advised Ecotricity in connection with its major new collaboration with GRIDSERVE, which will transform electric vehicle charging facilities on Britain’s motorways and major roads.
The partnership with GRIDSERVE will help to accelerate the upgrade of Ecotricity’s Electric Highway charging network, firstly replacing all existing chargers with new technology and then adding a further 6 to 12 350kW high power chargers to locations. The upgrade will be funded by Hitachi Capital, a shareholder in GRIDSERVE. GRIDSERVE has also acquired a 25% stake in the Electric Highway.
This is an important development in the UK EV charging market and is Opus’ second major transaction in the sector having also advised ChargePoint Services on its sale to Engie.
For further information please contact: Stuart Schofield, John McElroy, Malcolm Strang and Joanna Chen.