Energy Tech Company Marks Milestone Towards Its £1Bn Goal

Energy Tech Company Marks Milestone Towards Its £1Bn Goal

Energy Tech Company Marks Milestone Towards Its £1Bn Goal : ZPN Energy, a Coventry-based energy tech company, has reached a milestone in its plan to achieve a £1 billion turnover by 2025. The company has become the first business to develop technology using the new standard for electric charging infrastructure.

Currently expanding in several international markets, the business designs and manufactures infrastructure technology including charging stations and off-grid smart storage, managed by AI-led software and analytics. ZPN Energy’s new energy network technology is the first of its kind using the new Open Charge Point Protocol (OCPP 2.0.1), which paves the way for universal contactless charge points for all electric vehicles.

“With a global move towards zero carbon targets, the requirements laid out by the Paris Agreement and ambitious international sustainability goals, the imperative for zero carbon energy hasn’t gone away. As we move towards 2021 there’s a greater acceptance that we need a drastic re-think of how we source the energy we use,” said chief executive Ian Stillie.

“The world is changing very quickly and the transition to EV is imminent. Energy and transport remain major contributors to air pollution and climate change, but there is positive change underway. With worldwide calls to ‘build back better’ from the pandemic, taking steps to improve infrastructure is pivotal. Our technology overcomes the constraint on grid capacity, making charging faster and more sustainable, allowing clear, simple management of networks to automatically optimise energy use,” Ian added.

Last year ZPN Energy, which previously traded as Zapinamo, was awarded £4.5 million from Innovate UK to establish the UK’s largest rapid charging network, based in Exeter. The company is investing significantly in new technology, including new software systems to enable smart power networks.

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