Technical advisor review of electrical vehicle charging infrastructure
Everoze was delighted to advise Triodos Bank on their lending to a roll-out of Electric Vehicle (EV) charge points. The loan facility is to Pod Point, one of the UK’s largest providers of electric vehicle charging. Alongside funding from Tesco and Volkswagen, the debt facility will help hundreds of EV charge points to be supplied, operated and maintained by Pod Point at 600 Tesco stores across Britain. Tesco’s customers will be able to charge for free from 7kW chargers or pay for a rapid charging service.
Everoze’s scope included what-if studies for various risk scenarios; technology review of the charging units and back-office operating system; review of technical aspects of the various contracts; and site visits to several trial installations to assess build quality and usability.
This is one of the first large debt financing projects for EV charging infrastructure and in addition, some of the charge points have built-in media screens to generate advertising revenue. The novelty of this financing structure in the EV charging industry made for some interesting challenges, and Everoze is pleased to have helped to move forward the roll out of EV charging.
Read Triodos Bank’s press release here
Everoze’s work led jointly by Paul Reynolds and Peter Stratford.