"A £2.18 million investment by the Development Bank of Wales, comprising a mixture of debt and equity, will support the launch of Electra Nest, a company set up to acquire and install EV charging sites in Wales. The funding for Electra Nest, made from the Wales Flexible Investment Fund, will support the development of three specific EV charging sites: in Pembroke Dock, Pyle Garden Centre and Pentre Awel near Llanelli. The Pentre Awel site is already live and operational."
"Its approach is to deliver ultra-fast charging at significantly lower cost than traditional motorway service stations, creating a network of well-located sites that drivers are willing to travel slightly further to access. Nest EV & Sustainable Energy Group deploys a MicroGrid battery-based charging technology, reducing the need for large grid connections while still delivering ultra-fast charging speeds. Pentre Awel represents a flagship example of a well-designed, accessible ultra-fast charging location delivered in close partnership with local authorities and developers to meet ambitious timescales."
"In the UK, sales of EV vehicles rose by 28.9% from January to October 2025. This represents 22.4% of new car sales in the UK during the period. In the same period petrol car sales decreased by 8.5% and diesel sales by 15.1%."
A £2.18 million investment from the Development Bank of Wales, combining debt and equity from the Wales Flexible Investment Fund, will fund Electra Nest to acquire and install EV charging sites across Wales. The funding targets three sites: Pembroke Dock, Pyle Garden Centre and Pentre Awel near Llanelli, with Pentre Awel already operational. Electra Nest is a joint venture between the Development Bank of Wales, Nest EV and Sustainable Energy Group. The venture plans a South Wales corridor of ultra-fast chargers around the M4 and uses MicroGrid battery-based charging to reduce grid connection needs while delivering lower-cost ultra-fast charging. Directors Dean Jenkins and Christian Roberts will lead deployment and growth.
Read at London Business News | Londonlovesbusiness.com
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