Riding Sunbeams, have secured their first commercial investment from Thrive Renewables and Friends Provident Foundation with support from Lux Nova
The new working capital will enable Riding Sunbeams to provide a commercial route to market for community energy groups looking for new projects to develop and connect them to regional rail network operators like Network Rail who will pay them a fair price for their power. This will enable rail network operators to source competitively priced green electricity at the same time as supporting local communities, as well as the UK’s efforts to achieve a net zero economy.
Lux Nova partner Louisa Cilenti commented: We are delighted to have continued our support to Riding Sunbeams to see this investment made, creating the platform for scaling an entirely new route to market for decentralised energy generation where community groups and community-owned and commuter-owned renewable energy are at the centre of creating a decarbonised railway fit for the 21st century.
See here for further details.
Riding Sunbeams was founded by climate charity Possible and Community Energy South with a mission to decarbonise rail traction networks through the development and connection of unsubsidised, direct-wire renewable generation with significant social impact for line-side communities.
