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HomeInternationalBritish startup Aegis Energy raises $122M funding for green charging stations

British startup Aegis Energy raises $122M funding for green charging stations

Britain’s Aegis Energy has announced a £100 million ($122 million) investment from private equity firm Quinbrook Infrastructure Partners to construct five multi-energy filling stations for commercial vehicles.

While aiming to reduce emissions, the UK has encountered slower-than-anticipated EV adoption, partly due to insufficient charging infrastructure and pricing challenges. In response, the government revealed in November that it would review its EV sales targets to prevent factory closures and job losses.

Aegis stated that its stations would be the UK’s first multi-energy refuelling hubs for trucks and vans, offering a range of fuels, including electricity, hydrotreated vegetable oil (HVO), hydrogen, and biomethane.

Christopher Thorneycroft-Smith, Co-founder at Aegis Energy, said: “Aegis Energy was founded to help decarbonise the largest contributors to the most emitting sector in the UK. There is growing pressure from regulators and consumers for commercial vehicles to decarbonise, making it a necessity for winning new business and maintaining customer loyalty. Yet the lack of appropriate infrastructure is typically #1 or #2 on the list of barriers for fleet operators. Building depot infrastructure can be complex and grid connections are not easy, or cheap, to secure. Not only this, but long-haul operations require a top-up charge, and for van drivers, when at-home charging isn’t a practical solution, they lose time waiting to charge elsewhere. Our hubs will typically have capacity to charge/fuel 40+ HGVs and 25+ vans simultaneously. The transition will take time and play out differently for each fleet, but by providing public hubs with multiple clean energy charging and refuelling options, we’re supporting operators to choose how they want to make the transition. Quinbrook’s funding will help us ensure that critical energy infrastructure is reliably available where our customers need it, and support millions of vehicles to make a once-in-a-multi-generational change.”

Keith Gains, Managing Director and UK Regional Lead for Quinbrook, said:“Quinbrook is uniquely placed to capitalise on emerging investment opportunities that drive impactful emissions reduction in hard-to-abate sectors like transport, and supporting innovators like Aegis that are creating new infrastructure investment models. Targets under the UK’s Zero Emission Vehicle mandate highlight the existing gaps in the infrastructure needed to provide accessible clean energy to transport fleets. This presents significant opportunities for Aegis Energy to build market-leading refuelling hubs and we look forward to supporting its growth and expansion throughout the country.”

Aegis will open the first station in early 2026, with the remaining stations set to open by the end of 2027. These stations will be in the English cities of Sheffield, Immingham, Warrington, Corby, and Towcester. Aegis also plans to build up to 30 stations by 2030.

Aegis Energy’s ambitious plans to launch multi-energy refuelling stations across key cities in the UK mark a significant step toward advancing sustainable transportation infrastructure. With a vision to establish up to 30 stations by 2030, the company is playing a crucial role in addressing the challenges of EV adoption and reducing emissions. By offering a diverse range of fuels, including electricity, hydrogen, and biomethane, Aegis is positioning itself at the forefront of the green energy revolution for commercial vehicles in the UK.

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