4 December 202325 April 2024

A new asset-based EV charge point offer for the hospitality sector

EA Net Zero (EA NZ), our specialist low carbon division, has launched an asset management offer to help hotel and leisure businesses grow our EV charge point capacity with no upfront cost.

Our proposition makes it easy for hospitality operators to install the latest charge point technology without any capital expenditure while benefiting from EA NZ’s expert design, installation, and maintenance support. Under the arrangement, EA NZ owns and manages the technology in exchange for monthly rental payments, while their customers gain access to a new revenue stream.

We know that there are a number of design, installation and compliance hoops to jump through for any organisation looking to provide EV charge points for end users.

“Thanks to our in-house expertise and track record in asset management, utilities construction and network adoption, we’re uniquely placed to provide a ‘one-stop shop’ covering everything from financing to network connection and charge point installation and operation. We think of it as ‘charge points as a service’, where everything is delivered through a rental agreement, with no upfront costs whilst unlocking a revenue income opportunity for our customers.”

Future-proofed technology

EA NZ offers a mix of rapid-fast and ultra-fast EV charging units from 7kW to ultra-fast 360kW. A digital dashboard provides hospitality and leisure sites with 24/7 access to charge point data, revenue generation reporting and management information.

The direction of travel is firmly towards the electrification of vehicles, and there is a growing expectation among business people and the wider public for EV charge point provision that offers convenience while supporting wider sustainability goals.

For example, hotel operators capable of satisfying this demand can create a competitive advantage for themselves in a crowded marketplace, not only by attracting guests who stay but also providing a ‘park and charge’ service for passing motorists.

Our model also means there’s no risk to our customers of ‘stranded’ technology because we own the charge point infrastructure.

A growing market opportunity

Ownership of electric vehicles will accelerate in the coming years, despite the UK government announcing a revised deadline for the phasing out of new petrol and diesel cars.

This is because the government-mandated quota for electric car sales remains in place – meaning that next year 22% of vehicles sold must still be electric…80% by 2030. As a result, the ‘push’ for manufacturers to grow EV adoption remains, which means, of course, that demand for charge point infrastructure will also continue to accelerate.

Further info on our offering can be found here.

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