Zenobē: Owner and operator of grid-scale batteries and electric fleet infrastructure

Zenobē finances, builds and operates transmission-connected battery storage in Great Britain, earning from system operator contracts and trading. It also electrifies bus, truck and school bus fleets as a service in the UK, Europe, North America and Australasia.

Company-reported

731 MW UK battery capacity in operation5
3.3 GWh UK batteries in operation or construction10
3,400+ Electric vehicles supported across 120 depots10
£3.2 billion+ Debt and equity raised since 201712

Summary

Best for
System operators and networks procuring stability, reactive power or constraint services, and bus or truck operators that want vehicles, batteries and charging financed and run under one contract.
Less suited to
Buyers looking to purchase a battery system, an EMS or optimisation software: Zenobē makes no hardware, sells no software licence and trades its batteries through partners.
Deployment
Transmission-connected battery sites that Zenobē owns and operates; fleet depots with charging infrastructure that it finances, builds and maintains.
Data in
System operator dispatch and service instructions, wholesale trading signals from route-to-market partners, and depot charging and vehicle data in its Hekaton fleet software.
Pricing
Not published; grid services are contracted with the system operator and fleet services are priced per contract.
Assessed
15 October 2026, against our March 2026 criteria

Overview

Zenobē was registered in London in October 2016 as Battery Energy Storage Solutions Limited and took its current name in March 2019, according to Companies House; the company dates its start to 2017. Its company page names two founder directors. The business works on two kinds of battery: stationary batteries on the electricity network, and the batteries inside electric buses and trucks.

The company is an owner and operator, not a battery manufacturer. It buys battery systems and inverters from suppliers such as Wärtsilä, SMA and Canadian Solar's e-STORAGE, finances and builds the projects, and keeps them on its balance sheet. Trading of the grid batteries' output is handled by partners under route-to-market or tolling contracts: EDF for Blackhillock and Kilmarnock South, and Drax for the future Coalburn site.

What sets Zenobē apart among UK battery owners is where its batteries connect and what they are paid for. Its large sites connect directly to the transmission network, and several hold long-term contracts with the system operator for network services, not only wholesale trading and balancing. Capenhurst held the first commercial reactive power contract for a battery, and in March 2025 Blackhillock became, in the company's words, the first transmission-connected battery in the world to deliver stability services, under NESO's Stability Pathfinder (Solar Power Portal). On the transport side it finances and runs fleet electrification for bus, coach, truck and school bus operators in the UK, continental Europe, North America, Australia and New Zealand.

Offering

Zenobē sells its work in three lines, as set out on its home page.

Network infrastructure

Grid-scale batteries that Zenobē develops, finances, builds and operates in Great Britain. Its network infrastructure page lists the services they provide: ancillary services, balancing and wholesale trading; stability services (inertia, short circuit level and voltage management); reactive power; fast reserve; constraint management; and non-wire alternatives that reduce or defer network reinforcement. Revenue comes from system operator contracts and from trading through partners, not from selling the batteries.

Electric fleets

Fleet electrification as a service for operators of buses, coaches, trucks, vans and school buses. The electric fleets page describes finance, grid connection, depot design and build, power supply, charging, optimisation, operation and battery repurposing as parts of one contract, with operational guarantees and round-the-clock support. In some contracts Zenobē owns the vehicles and leases them to the operator, as in the Woolworths electric truck lease in Australia, where it keeps ownership and covers maintenance and upgrades. Hekaton is its software for real-time fleet management.

Portable power

Refurbished second-life bus batteries used as portable or static on-site power, for example for event paddocks.

Project development

Zenobē also develops battery projects from site to construction, and in July 2026 bought the German developer sdp energie to do the same in Germany. Zenobē does not publish prices; fleet contracts and grid services are priced per project.

Technology

Zenobē's technology choices are visible mainly through the suppliers it names in project announcements.

Battery systems and inverters

  • Blackhillock (200 MW/400 MWh, rising to 300 MW/600 MWh): Wärtsilä Quantum energy storage with Wärtsilä's GEMS Digital Energy Platform, SMA grid-forming inverters, grid connection by SSEN (Zenobē).
  • Kilmarnock South (300 MW/600 MWh): Wärtsilä Quantum systems and SMA inverters, balance of plant by Omexom (ESS News).
  • Coalburn (200 MW/800 MWh): Canadian Solar e-STORAGE battery systems and Omexom balance of plant (Zenobē).

Grid-forming and stability services

Blackhillock and Kilmarnock South use grid-forming inverters to provide short circuit level and synthetic inertia, services that synchronous generators supply as a by-product. NESO ran these procurements as its Stability Pathfinder programme. ESS News reported in January 2026 that this was the first time NESO bought inertia from batteries, and that Zenobē won about 65% of the roughly 6.8 GVA.s of inertia procured, across Blackhillock, Kilmarnock South and Eccles. The Capenhurst battery near Chester connects at 275 kV and absorbs or injects reactive power to hold transmission voltages.

Control and trading

Day-to-day trading uses partner platforms: EDF's Powershift for Blackhillock, and the Kraken platform for control and dispatch at Kilmarnock South. Zenobē says its own optimisation specialists work alongside these platforms. It does not publish its control architecture, degradation data, safety design or the features of its Hekaton fleet software.

Security and management systems

Zenobē has announced that it was recommended for ISO 27001, ISO 9001 and ISO 14001 certification; the announcement is undated and names neither the certification body nor the scope. No public material describes cyber security for remote access to its battery sites.

Customers

Zenobē's customers fall into two groups: the electricity system operator and networks that contract its batteries, and the transport operators and authorities whose fleets it electrifies.

Grid services

  • NESO (formerly National Grid ESO): a reactive power contract for Capenhurst starting in April 2022, described as nine years in the award announcement and eight years when the battery went live, and Stability Pathfinder contracts for Blackhillock, Kilmarnock South and Eccles (ESS News). Zenobē estimates Blackhillock's consumer savings at about £172 million over 15 years, of which about £8 million comes from the stability contract and the rest from balancing and constraint management.
  • Route-to-market partners: EDF trades Blackhillock and Kilmarnock South, and Drax will manage Coalburn under a toll.

Fleets

  • National Express West Midlands: Zenobē supplied charging and vehicle availability for 459 electric buses; in August 2026 those contracts began to move to West Midlands Bus Company as the West Midlands Combined Authority takes buses into public ownership.
  • Woolworths in Australia: up to 148 Foton electric trucks leased for grocery delivery, supported by up to AU$22 million from the Clean Energy Finance Corporation and due to complete in 2027 (EV Infrastructure News).
  • Other bus operators: the electric fleets page names Stagecoach, Oxford Bus, National Express, Ventura, Arriva and Cardiff Bus among its customers, and reports nearly 70 electric buses across Belgian operators.
  • United States: school bus fleets for Copiague Public Schools, financing ten buses for about 4,500 students (electric fleets page), and an electric delivery van business in California bought from Revolv in March 2026.

Markets

Zenobē reported in July 2026 that it operates in 12 countries.

Great Britain

Great Britain is the home market for both businesses. Scotland holds most of its large batteries: Blackhillock between Inverness and Aberdeen, Kilmarnock South, Wishaw, the Eccles site in the Scottish Borders (400 MW/800 MWh, under construction) and Coalburn in South Lanarkshire, with operation due in 2028. Zenobē reports that 1.3 GW of its storage in Scotland is operating or under construction, part of a £1 billion investment in Scottish batteries and transport (Kilmarnock South announcement). In England it runs Capenhurst near Chester. It reports about 25% of the UK electric bus market.

Germany and continental Europe

The sdp energie acquisition gives Zenobē a 1.75 GW pipeline of transmission-connected battery projects across six German sites. Its fleet business runs nearly 70 electric buses for Belgian operators (electric fleets page), backed by a €325 million European fleet facility (Zenobē).

Australia and New Zealand

Zenobē runs bus depots in Melbourne, including a depot for more than 130 buses at Truganina with ComfortDelGro (Zenobē), and the Woolworths truck fleet. In June 2026 it closed an AU$400 million fleet financing platform for Australia and New Zealand (EV Infrastructure News).

North America

Electrek reports that the US business centred on electric school bus fleets before Zenobē bought Revolv's 13 California depots in March 2026; Zenobē also operates in Canada. The University at Buffalo took its first eight Zenobē-supported electric buses, according to the home page.

Company

Zenobē Energy Limited is a private company registered in London, number 10436249, with its registered office at Burdett House, Buckingham Street (Companies House). Its company page names London as global headquarters. In July 2026 it reported about 400 employees.

Ownership

Infrastructure investor Infracapital, part of M&G, first invested £150 million in 2020 and became majority shareholder. In September 2023 KKR agreed to invest about £600 million and Infracapital a further £270 million, making the two joint majority shareholders, while Tiger Infrastructure Partners, the first institutional investor, sold its stake (IPE Real Assets; Zenobē). JERA and TEPCO Power Grid stayed on as minority strategic shareholders. Zenobē's June 2026 financing announcement still names KKR and Infracapital as majority owners.

Funding

The company reports more than £3.2 billion raised in debt and equity since 2017. Most of it is project and asset debt, such as £101 million from five banks for Blackhillock’s first phase and a UK and Ireland electric bus facility that reached about £980 million in its third round in June 2026, with 22 lenders. A separate €325 million facility funds fleets in continental Europe.

Acquisitions

  • March 2026: Revolv, a California electric fleet operator with 13 depots (Electrek).
  • July 2026: sdp energie, a battery storage developer in Bavaria founded in 2022 (Zenobē).

Funding history

  1. £870 million

    Equity

    Investors: KKR, Infracapital

    KKR invested about £600 million and Infracapital about £270 million, becoming joint majority shareholders; Tiger Infrastructure Partners sold its stake.18

  2. £980 million

    Debt facility

    Third round of the UK and Ireland electric bus facility, funding more than 1,200 new buses over three years; 22 lenders in total.12

  3. Project finance

    Investors: LBBW, ABN AMRO, Mizuho, Siemens Financial Services

    Financial close on the 200 MW/800 MWh Coalburn battery; amount not disclosed.7

Assessment

Zenobē is one of the best-evidenced battery owner-operators in Great Britain: 731 MW operating in January 2026, grid-forming sites with NESO stability contracts confirmed by trade press, the first reactive power contract for a battery, and a capital base of more than £3.2 billion behind KKR and Infracapital. Buyers should note what it is not: it does not make batteries or sell software, and trading is handed to EDF or Drax. Public detail on degradation, safety, control systems and cyber security is thin, and its own capacity figures do not always reconcile.

  • Interoperability

    Independent sources Proven connections to NESO stability and reactive power services, SSEN transmission connections and third-party trading platforms (EDF Powershift, Kraken, Drax).

    Full note and sources

    These are bilateral project contracts; there is no public API, and the Hekaton fleet software and its charger or vehicle integrations are undocumented.

    Sources: 4, 5, 6, 7, 17

  • Scale

    Independent sources 731 MW operating in the UK in January 2026 and 3.3 GWh operating or under construction by July 2026, plus more than 3,400 electric vehicles in 12 countries.

    Full note and sources

    Trade press confirms the Blackhillock and Kilmarnock South sizes and Zenobē's share of NESO's battery inertia procurement.

    Sources: 5, 10, 16, 17, 20

  • Stability

    Independent sources Registered since 2016, jointly controlled by KKR and Infracapital since 2023 after about £870 million of new equity, with 22 lenders in its bus facility.

    Full note and sources

    Rapid expansion into Germany and the US in 2026 adds execution risk, but ownership and financing are strong.

    Sources: 11, 12, 15, 18

  • Functionality

    Independent sources Covers stability (inertia and short circuit level), reactive power, fast reserve, balancing, constraint management and wholesale trading, plus fleet finance, charging and operation.

    Full note and sources

    Trading and dispatch rely on partners rather than an in-house platform.

    Sources: 3, 4, 8, 16

  • Security

    Company sources The only public evidence is an undated announcement that Zenobē was recommended for ISO 27001, without scope or certification body.

    Full note and sources

    Nothing describes cyber security for remote control of grid-connected batteries, so the score stays low under the BESS lens.

    Sources: 14

  • Quality

    Independent sources Blackhillock was the first project delivered under NESO's Stability Pathfinder, as Solar Power Portal reported, and ESS News confirms grid-forming operation at Kilmarnock South.

    Full note and sources

    Operating data on availability, degradation and safety are not published.

    Sources: 6, 16, 17, 21

  • Transparency

    Independent sources Announcements give dated MW and MWh figures, suppliers and lenders, and Companies House confirms the corporate record.

    Full note and sources

    But figures conflict: Capenhurst appears as 50 MW in 2022 and 100 MW in 2023, and ESS News printed 1,731 MW operating where Zenobē said 731 MW.

    Sources: 5, 8, 9, 15, 17

How we score companies

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References

  1. Zenobē | Making clean power accessible (opens in a new tab)
  2. Our story | Zenobē (opens in a new tab)
  3. Network infrastructure | Zenobē (opens in a new tab)
  4. Electric fleets | Zenobē (opens in a new tab)
  5. Zenobē powers up 300MW/600MWh Kilmarnock South battery storage project (opens in a new tab)
  6. Europe’s Largest Battery Goes Live in Blackhillock, Scotland (opens in a new tab)
  7. Zenobē achieves financial close on UK’s first four-hour duration grid scale battery in Coalburn, Scotland (opens in a new tab)
  8. Europe’s largest transmission-connected battery starts delivering grid services (opens in a new tab)
  9. Zenobē awarded first long-term reactive power contracts by National Grid (opens in a new tab)
  10. Zenobē acquires sdp energie, a leading battery storage developer, to accelerate BESS deployment in the German market (opens in a new tab)
  11. Zenobē Powers Global Expansion with c.£600 Million Investment from KKR and further c.£270m from Infracapital (opens in a new tab)
  12. Zenobē secures c.£980m financing for electric buses across the UK and Ireland (opens in a new tab)
  13. Zenobē partners with West Midlands Combined Authority to support region’s bus franchising ambitions (opens in a new tab)
  14. Zenobē receives certification for three ISO standards (opens in a new tab)
  15. ZENOBE ENERGY LIMITED overview - Find and update company information - GOV.UK (opens in a new tab)
  16. Zenobē 200MW BESS operational, first to provide stability services for NESO (opens in a new tab)
  17. Zenobe more than doubles synthetic inertia capability with second grid-forming BESS in Scotland (opens in a new tab)
  18. KKR invests £600m for joint majority stake in battery storage firm Zenobē [updated] (opens in a new tab)
  19. Zenobē acquires Revolv’s 100 unit electric delivery van fleet (opens in a new tab)
  20. CEFC commits AU$22 million to Zenobē Australia for largest electric truck fleet rollout in the country (opens in a new tab)
  21. Stability Network Services | National Energy System Operator (opens in a new tab)

This profile does not imply a commercial relationship with Zenobē and may contain inaccuracies.