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UK electric buses boosted by innovative £20m battery deal

"One of Britain’s biggest battery companies has secured a loan to help increase the UK’s electric bus fleet by taking ownership of the batteries inside scores of UK buses.

Zenobe Energy has secured a £20m loan from NatWest to finance enough batteries to power about 100 electric buses owned by private transport firms and councils around the UK.

The energy storage experts will own the bus batteries and lease them to the bus operators as part of a service contract. The contract includes running the electric charging infrastructure at their bus depots and charging the batteries overnight."

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