GRIDSERVE has bought Ecotricity’s electric vehicle (EV) charging network Electric Highway.
The sale will enable Ecotricity to focus on other projects, including a process of making ‘natural gas’ from grass.
The firm also aims to expand its Sky Mining facility, carbon capture and storage technology that turns atmospheric carbon dioxide into diamonds.
Three months ago, GRIDSERVE announced it bought a 25% stake in the Electric Highway.
The company now plans to replace all the existing pumps on the Electric Highway network with new advanced technology that features contactless payment.
Dale Vince OBE, Founder, Ecotricity, said: “The Electric Highway needs an owner with access to serious funding and a real commitment to the cause and I’m delighted to have found the ideal company in GRIDSERVE to hand the baton to.”
Toddington Harper, Chief Executive Officer at GRIDSERVE, commented: “Our purpose is to deliver sustainable energy and move the needle on climate change, and the upgraded network will provide the conference for millions more to make the successful transition to electric vehicles in the earliest possible timeframes.”