18th May 2022
NEC Birmingham & The EV Network set to deliver one of Europe’s largest EV charging hubs
The NEC Group and their partner, The EV Network, have been given planning approval for a major electric vehicle charging hub on the NEC Campus in the West Midlands. Once completed, it is expected to be one of the largest EV charging hubs in Europe.
The project has been developed by The EV Network and is funded by its investment partner, Zood Infrastructure Limited (Zood), a wholly owned subsidiary of SDCL Energy Efficiency Income Trust plc (SEEIT). SEEIT is the first UK listed company of its kind to invest exclusively in energy efficiency projects. For this major project, The EV Network is working with bp pulse as the charge point operator for the hub. This project follows the existing agreement between The EV Network, Zood and bp pulse signed in 2021, which aims to significantly expand the provision of convenient ultra-fast EV charging infrastructure across the country.
The charging hub will contain Alpitronic ultra-fast 300KW DC chargers capable of charging 32 EVs at any one time. Maximising the locational benefits of the NEC Campus, the hub will be accessed via a new entrance just off junction 6 of the M42 and close to the M6 and Birmingham airport.
To meet increasing demand, an existing car park will accommodate the hub’s remaining 150 bays for 7KW charging, to be used by NEC Birmingham customers during their time at the venue.
Plans for the hub also include the build of an adjacent drive-thru coffee shop operated by a national chain to cater for visitors whilst they wait for their vehicles to charge. This will provide indoor seating and an additional 26 standard parking bays for other patrons.
Set to go live from Autumn 2022, the hub is embedded not only into the NEC Group’s long-term sustainability strategy, but also contributes to the UK Government’s electric vehicle infrastructure strategy, launched in March 2022. The EV charging hub also opens up the opportunity for the NEC Campus to electrify its operational vehicles to support tail-pipe emissions reduction.
Reza Shaybani, Co-Founder and Chief Executive of The EV Network, said: “This is an exciting project with national importance which will significantly impact the EV charging landscape. The location and size of the charging hub within the UK’s transport infrastructure provides reassurance for drivers travelling between cities.
“The NEC Birmingham is the largest exhibition space in the country and welcomes several million visitors a year to its venues at the Campus. By introducing this provision, we believe this is an investment not only for visitors to the site, but also into the wider EV charging infrastructure for the UK. We are pleased to have partnered with the NEC Group and bp pulse for this project.”
Paul Thandi CBE, CEO of NEC Group, said: “As the UK’s leading live events business, we also want to be a leader in sustainable practices. Creating an EV charging hub of this scale is a step change for the UK’s green travel strategy. We know that many electric vehicle drivers suffer from range anxiety and that this is a barrier to others switching to greener modes of transport. Providing greater reliability and access to high quality charging bays at a key part of the UK road network, is a great move forward and one we are proud to support.”
Transport Minister Trudy Harrison said: "Our Electric Vehicle Infrastructure Strategy sets out our vision to boost on-street chargepoints across the nation, and it's excellent to see NEC Birmingham joining the important transition to greener vehicles.
"We've supported the installation of over 30,000 public EV chargepoints up and down the UK, and it's great that the UK's largest events organisation is also accommodating for present and future EV drivers.”
Jonathan Maxwell, CEO of Sustainable Development Capital LLP, said:“We are delighted to be funding one of the largest EV charging hubs in Europe at the NEC Campus. The roll out of electric vehicles offers major benefits in terms of environmental protection and cleaner air in cities as well as climate change mitigation and the transition away from fossil fuels. The success of the roll out depends on the availability of charging infrastructure at scale and we are proud to be part of its development.”
Akira Kirton, CEO of bp pulse UK, said: “Convenient and reliable ultra-fast charging solutions like this hub at the NEC are critical to the UK’s transition to electric vehicles and that’s game-changing for the adoption of lower carbon road transportation. bp pulse is heavily investing in the UK’s EV charging infrastructure and is committed to providing a variety of charging solutions that meet the needs of customers across the UK. By working with The EV Network and NEC Group, we are making fast charging accessible in another prime location.”
Lionel Assant, European Head of Private Equity at Blackstone, said: “With our size and scale, Blackstone has a unique opportunity to make real progress in advancing a lower-carbon economy and driving sustainability initiatives for growth across our portfolio companies. Closing the EV charging gap requires a concerted, collaborative effort and we are proud to support the NEC in delivering the crucial infrastructure as demand reaches a tipping point.”
For more information on NEC Group ESG, please visit necgroup.co.uk/sustainability
About The EV Network
Founded in 2017, EVN is a leading independent EV charging infrastructure development company. EVN’s mission is to address the challenges faced by both landlords and charge point operators (“CPOs”) in rolling out a network of rapid and ultra-fast EV chargers and charging infrastructure in the UK. Over the past three years EVN has carefully selected and secured the very best sites in the UK, seizing first-mover advantage in what has become an increasingly competitive UK market. Through strong relationships with high quality landlords and charge point operators, EVN has become a distinguished player in the EV charging market able to provide its partners with fully funded bespoke technology and service solutions.
Further information can be found at www.theevnetwork.com
About NEC Group
NEC Group is the UK’s leading live events business with over forty-five years of world-class expertise in venue and destination management. Every year, millions come together at five of the UK’s leading business, leisure, and entertainment venues which come under the NEC Group’s portfolio - the National Exhibition Centre (NEC), International Convention Centre (ICC), Vox Conference Venue (Vox), Resorts World Arena and Utilita Arena Birmingham. The five venues offer some of the best-connected real estate in Europe.
About bp pulse
bp pulse is the UK market-leader for public rapid and ultra-fast charging and operates the most-used electric vehicle charging network in the UK. The company provides a comprehensive, flexible and practical range of electric vehicle charging solutions. bp pulse has supplied over 60,000 public, workplace and home charging units, and is now rolling out 150kW ultra-rapid chargers on bp retail sites. In March 2022, bp announced new plans to invest £1 billion in electric vehicle charging in the UK over the next 10 years, supercharging the roll-out of fast, convenient charging across the country. bp pulse is now set to approximately triple its number of charging points between now and 2030.
SDCL Energy Efficiency Income Trust plc is the first UK listed company of its kind to invest exclusively in the energy efficiency sector. Its projects are primarily located in the UK, Europe and North America and include, inter alia, a portfolio of cogeneration assets in Spain, a portfolio of commercial and industrial solar and storage projects in the United States, a regulated gas distribution network in Sweden and a district energy system providing essential and efficient utility services on one of the largest business parks in the United States.
The Company aims to deliver shareholders value through its investment in a diversified portfolio of energy efficiency projects which are driven by the opportunity to deliver lower cost, cleaner and more reliable energy solutions to end users of energy.
The Company is targeting an attractive total return for shareholders of 7-8 per cent. per annum (net of fees and expenses and by reference to the initial issue price of £1.00 per Ordinary Share), with a stable dividend income, capital preservation and the opportunity for capital growth. The Company is targeting a dividend of 5.62p per share in respect of the financial year to 31 March 2022. SEEIT's last published NAV was 102.5p per share as at 31 March 2021.Past performance cannot be relied on as a guide to future performance.
Further information can be found on the Company's website at www.seeitplc.com.
About Sustainable Development Capital LLP
SEEIT's investment manager is Sustainable Development Capital LLP (“SDCL”), an investment firm established in 2007, with a proven track record of investment in energy efficiency and decentralised generation projects in the UK, Continental Europe, North America and Asia.
SDCL is headquartered in London and also operates worldwide from offices in New York, Dublin, Madrid, Hong Kong and Singapore. SDCL is authorised and regulated in the UK by the Financial Conduct Authority.
Further information can be found at www.sdclgroup.com.