Saturday 19 September 2020

Riding Sunbeams lands first commercial funding to enable solar-powered trains

Riding Sunbeams lands first commercial funding to enable solar-powered trains

Riding Sunbeams has landed its first commercial funding to enable solar-powered trains.

The finance was offered by Thrive Renewables and Friends Provident Foundation in exchange for a minority shareholding in the business and an active role in governance.

The community-focused company plans to use the new investment to develop a pipeline of new renewable energy projects in South East England and the Valleys in South Wales in order to help rail network operators in these regions source competitively-priced green electricity.

It hopes to help provide community energy groups with a commercial route to market and connect them to regional rail network operators like Network Rail in order to decarbonise the rail system, benefit commuters and support local communities.

Rail Minister Chris Heaton-Harris, said: "It is fantastic to see pioneering projects that we have supported through our First of a Kind competition progressing their plans to decarbonise our railways.

"Harnessing innovation like this will be crucial to modernising the railway and making journeys greener and cleaner, and I welcome this vision becoming one step closer to reality."

Written by

Bruna Pinhoni

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