Quinbrook to invest up to £100m in Aegis Energy to lead the deployment of clean, multi-energy refuelling hubs for commercial vehicles in the UK

Quinbrook’s inaugural investment in sustainable transport further diversifies its portfolio of innovative infrastructure delivering impactful reduction of carbon emissions

 Aegis Energy to begin construction on its first refueling station in 2025 scheduled to open in early 2026

 London – 20 January 2025 – Quinbrook Infrastructure Partners (“Quinbrook”), a specialist global investment manager focused exclusively on the infrastructure needed for the energy transition, today announced a phased investment of up to £100 million in Aegis Energy. This investment underwrites the construction of the first clean, multi-energy recharging and refuelling sites for commercial vehicles in the UK.

Aegis’ plans for a network of hubs aims to meet the needs of all truck and van operators transitioning to cleaner fuels, including electric, HVO, hydrogen and bio-CNG.

Quinbrook is uniquely placed to capitalise on emerging investment opportunities that drive impactful emissions reduction in hard-to-abate sectors like transport, and supporting innovators like Aegis that are creating new infrastructure investment models. Targets under the UK’s Zero Emission Vehicle mandate highlight the existing gaps in the infrastructure needed to provide accessible clean energy to transport fleets. This presents significant opportunities for Aegis Energy to build market-leading refuelling hubs and we look forward to supporting its growth and expansion throughout the country.

Keith Gains
Managing Director and Regional Leader UK for Quinbrook.

Transport is the highest emitting sector in the UK, accounting for 29 percent of greenhouse gas emissions, while commercial vehicles contribute 10% of the UK’s total emissions. There is growing regulatory pressure to decarbonise – with sales bans on non-zero emission vans and trucks from 2035-40 – while consumers are demanding more sustainable products and services.

By building this first-of-its-kind infrastructure solution, Aegis Energy will deliver an essential missing piece that will enable the next wave of low and zero-emission trucks and vans to hit UK roads and help progress the clean energy transition. Aegis Energy is actively looking to partner with more fleet operators across the UK to help them navigate the transition.

Christopher Thorneycroft-Smith, Co-founder at Aegis Energy, commented, “Aegis Energy was founded to help decarbonise the largest contributors to the most emitting sector in the UK. There is growing pressure from regulators and consumers for commercial vehicles to decarbonise, making it a necessity for winning new business and maintaining customer loyalty. The transition will take time and play out differently for each fleet, but by providing public hubs with multiple clean energy charging and refuelling options, we’re supporting operators to choose how they want to make the transition. Quinbrook’s funding will help us ensure that critical energy infrastructure is reliably available where our customers need it, and support millions of vehicles to make a once-in-a-multi-generational change.”

An initial five-station network is planned to be completed by the end of 2027, with stations under development in Sheffield, Immingham, Warrington, Corby and Towcester. Aegis Energy will begin construction on the first of these stations this year, which is scheduled to open in early 2026 and Aegis Energy plans to create a broader network of up to 30 hubs by the end of the decade.

Each hub will have the capacity to charge/fuel approximately 40+ heavy goods vehicles and 25+ vans simultaneously. Once ramped up, an average Aegis Energy site is expected to reduce carbon equivalent emissions by approximately 14,300 tonnes per annum.

The investment from Quinbrook represents the firm’s inaugural investment in sustainable transport, complementing the firm’s extensive portfolio of energy transition focused investments across the UK, US and Australia.

“The UK Government’s regulatory push to decarbonise the transit fleet creates meaningful opportunities for investment in companies like Aegis Energy that are pioneering this effort,” added Rory Quinlan, Co-Founder and Managing Partner at Quinbrook. “While this represents Quinbrook’s first venture in sustainable transport, it is new and innovative energy transition infrastructure opportunities like Aegis that we are known for and that our investors are seeking exposure to.”

 Quinbrook was advised on the investment by Norton Rose Fulbright (legal), Arup (commercial and technical), PKF Francis Clark (financial and tax) and Locktons (insurance). Cameron Barney Herbst Hilgenfeldt (CBHH) was financial adviser to Aegis Energy alongside ERM (commercial) and Dentons (legal).

About Aegis Energy

Aegis Energy is building a network of clean energy hubs across the UK to help commercial vehicles to decarbonise. These hubs provide public, multi-energy recharging and refuelling infrastructure to trucks and vans. The company is led by three co-founders, whose careers span commercial vehicles, major projects, government services, and infrastructure private equity.

About Quinbrook Infrastructure Partners

Quinbrook Infrastructure Partners (http://www.quinbrook.com) is a specialist investment manager focused exclusively on the infrastructure needed to drive the energy transition in the UK, US, and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested c. USD 5.6 billion of equity capital in 43.3 GW of energy infrastructure assets representing a total transaction value of USD 48.3 billion. Quinbrook has completed a diverse range of direct investments in both utility and distributed scale onshore wind and solar power, battery storage, reserve peaking capacity, biomass, fugitive methane recovery, hydro and flexible energy management solutions in the UK, US, and Australia. Quinbrook is currently developing and constructing some of the largest renewables and storage infrastructure projects in the UK, US, and Australia.

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