Zenobe Energy – Abellio Bus Depot

MEEF provided c.£1m debt funding to Zenobe Energy to part fund charging infrastructure at the Woolworth Bus Depot, serving the single decker P5 and new C10 bus routes. MEEF’s investment forms part of a wider funding package delivered by Zenobe Energy which includes the electric buses.

This innovative charging solution includes a static Battery Energy Storage system at the depot that ensures Abellio London’s charging requirements are met by the local grid infrastructure.

This is an important step in tackling London’s air pollution and supports the Mayor of London, Sadiq Khan’s commitment to zero emission transport in the capital, including a target to make all new single decker buses in central London zero emission by the end of 2020.

The new electric buses meet the new TfL Bus Safety Standard with Camera Monitoring Systems that replace traditional wing mirrors, Intelligent Speed Assist, Acoustic Vehicle Alert System and a revised front design to improve pedestrian and vulnerable road users safety.

This was MEEF’s first investment in the low carbon mobility sector since MEEF’s Investment Policy was widened in 2020.