Solar-powered trains get new funding: Solar-powered trains could soon be coming to a station near you… after gaining new funding.
Thrive Renewables and Friends Provident Foundation has provided Riding Sunbeams with its first commercial funding, which in turn will receive a minority shareholding in the business and play an active role in governance.
The new investment will be used by the community-focused company to help rail network operators in South East England and the Valleys in South Wales source competitively-priced green electricity from community-owned renewable energy facilities.
In order to decarbonise the rail system, benefit commuters and support local communities, it hopes to help provide community energy groups with a commercial route to market and connect them to regional rail network operators like Network Rail.
Chris Heaton-Harris, Rail Minister said: “It is fantastic to see pioneering projects that we have supported through our First of a Kind competition progressing their plans to decarbonise our railways.
“Harnessing innovation like this will be crucial to modernising the railway and making journeys greener and cleaner, and I welcome this vision becoming one step closer to reality.”
Solar-powered trains get new funding