REG - Pod Point Group Hdgs - New Contract Win

Pod Point groupAnnouncement

30/06/2023 09:00

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RNS Number : 4618E  Pod Point Group Holdings PLC  30 June 2023

30 June 2023

 

Pod Point Group Holdings plc ("Pod Point" or the "Group")

Partnership with UK Power Networks LTD (UKPN)

Pod Point, one of the UK's market leading providers of Electric Vehicle ("EV")
charging solutions, today announces that it has signed a partnership agreement
with UK Power Networks, the UK's largest Distribution Network Operator (DNO),
serving 8.3 million homes and businesses across London, the South East and
East of England.

The agreement will see Pod Point provide flexibility services to UK Power
Networks by adjusting EV charging schedules to better match renewable
generation. With user permission, Pod Point will schedule EV charging away
from peak periods helping to balance the grid, while ensuring cars are charged
when needed.

The partnership follows the launch of Pod Point's new Grid business unit led
by Pilgrim Beart, founder of AlertMe, the company behind British Gas' Hive
product. Alongside helping customers reduce energy costs and carbon emissions,
the Grid business unit will be developing recurring revenue streams from
across Pod Point's growing network of over 200,000 connected charge points,
and the UKPN partnership represents one of the first tangible points of
progress towards this exciting recurring income opportunity.

Pod Point, as a leading provider of EV charging infrastructure with over 1GW
of EV charging capacity on its platform is well positioned to deliver
flexibility services to electricity distributors and is exploring further
grid-side partnerships. Earlier this month, Pod Point partnered with Axle
Energy, an energy flexibility startup connecting EVs to electricity markets to
help keep power generated from fossil fuels off the grid.

 

 

Enquiries

 Teneo                                     +44 207 353 4200

(Public Relations advisor to Pod Point)

                                           podpoint@teneo.com (mailto:85fs.podpoint@teneo.com)

 Mark Burgess, Matt Low, Arthur Rogers

 

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