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Zenobē announces expansion to the US through collaboration with JERA Americas to develop battery storage projects

As featured in Renewables Now, S&P Global, The Energyst and Yahoo Finance.

Zenobē, a leading EV fleet and battery storage specialist, has today announced it will join forces with JERA Americas, the US subsidiary of JERA, the largest power generation company in Japan, to develop battery storage projects in New York and New England. The collaboration is a key milestone in securing clean power for the regions and marks Zenobē’s first move into the US, representing a significant step in its plans for further global expansion.

Zenobē and JERA, an existing Zenobē investor, have signed a memorandum of understanding (MOU) that will see them jointly develop utility-scale, grid-connected, standalone and hybrid battery storage projects in both New York and New England to facilitate the uptake of renewables in these major US hubs.

The venture is founded on the shared vision for clean, reliable, and affordable power networks across the world. JERA is a global leader in power, recently announcing a joint venture with Uniper to accelerate the production and supply of zero-carbon fuels from the US. The company has recently acquired thermal power generating facilities at two sites in the Northeast US which they intend to use to enable renewable energy development.

The two businesses will look to identify other opportunities across the US, where JERA Americas is already developing projects. Opportunities could include the co-location of battery storage and renewable energy technologies, battery development acquisitions, and exploring opportunities for expansion into other markets in the future.

Battery storage plays a vital role in the transition to renewable energy systems as it can provide grid stability and flexibility, storing energy in the face of intermittent generation and releasing it when needed. The joint plans will enable more clean power to come onto the grid in key regions in North America as it begins to play an increasingly prominent role in the country’s energy mix. Having committed to achieving net zero by 2050, renewables currently generate around 20 per cent of all US electricity with its Inflation Reduction Act, which estimates suggest will cut US greenhouse gas emissions by 40% by 2030.

The two companies will combine their world-leading expertise to bring clean energy to these areas. Zenobē will draw on its successes and strong track record in building and operating battery storage sites to secure clean energy as countries change the way they generate power. Following the US’s significant climate legislation, Zenobē will use its expertise to tap into the new and expanding market as the country focuses on increasing its reliance on renewables. Current developments for the company include a recent investment of £750 million ($900m) in Scotland to bring 1GW of projects through world-first contracts with National Grid Electricity System Operator, which will play an important role in securing one of the greenest grids in the world. This makes Zenobē the largest provider of battery-based transmission solutions in Europe, with other projects spanning the UK, New Zealand, Australia and the Benelux region.

James Basden, Co-founder and Director of Zenobē, said:

“Zenobē is transforming the uptake of clean power across the UK and abroad, and we’re proud to be extending this work into the United States. In a country that consumes almost a third of the world’s energy and is increasing its renewable capacity, the need for greater energy security and flexibility has never been clearer. We’re excited to start working with JERA to facilitate the transition to renewables in the US.”

Steve Winn, CEO of JERA Americas, said:

“We’re pleased to be working with Zenobē, a company with a track record in the innovative use of battery storage to secure clean power. This collaboration is the latest in our series of investments made to further a clean energy transition.”

Notes to editors

For further information, please contact:

For Zenobē: zenobe@standagency.com | 07551 579135

About Zenobē Energy Ltd. (Zenobē):

Zenobē is an international EV fleet and battery storage specialist, headquartered in the UK with operations in Europe and Australasia. It has c. 1.6GW in construction and development in the UK which equates to c. 25% market share forecast by 2026. It has around 25% market share of the UK EV bus sector and c.580 electric vehicles contracted globally. The company is the largest owner and operator of EV buses in the UK, Australia and New Zealand.

The company’s pioneering battery storage offering enables power grid operators to provide clean, secure and affordable power, accelerating the global transition to Net Zero energy systems. Zenobē’s fleet solution is driving the adoption of electric vehicles and reducing emissions from the transport and logistics sectors. Its ETaaS (Electric Transport-as-a-Service) solution provides fleet operators and local authorities with a full solution for a pay-per-month fee including charging infrastructure, battery replacement and award-winning software. Zenobē is also a leader in second life battery repurposing EV batteries after their first life, providing incremental power solutions to large business and the film and events industries.

For more information, please visit  www.zenobe.com

About JERA Americas:

JERA Americas is supporting an energy transition in an environmentally and socially responsible manner. The Company is a subsidiary of Tokyo-based JERA, which stands for Japan’s Energy for a New Era, and produces about 30% of all electricity in Japan. JERA is committed to achieving net zero CO2 emissions from its domestic and overseas businesses by 2050 and is contributing to the development of a sustainable society. https://www.jera.co.jp/english/.

For more information contact PR@jeraamericas.com.