Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Veolia to electrify UK waste fleet by 2040

EditorEmilio Ghigini
Published 01/12/2024, 08:00 PM
Updated 01/12/2024, 08:00 PM
© Reuters.

PARIS - Veolia (Paris:VIE), the UK's largest operator of waste collection fleets, has announced plans to fully electrify its vehicles in the country by 2040, in a move aimed at contributing to energy security and supporting the national grid. The company revealed its strategy during the "Deep Dive Energy" event in London, where it also introduced a pioneering vehicle-to-grid (V2G) technology.

Veolia's innovative V2G technology will allow its fleet of refuse collection vehicles (RCVs) to supply power back to the grid, potentially providing about 200 megawatts of flexible power capacity each day. This amount is comparable to the evening peak energy demand of more than 150,000 UK homes.

The company's first trial phase has been successfully completed, with two specially designed bi-directional vehicles delivering 110 kilowatts of energy, enough to power 110 households for over two hours during peak evening hours. Veolia is now set to expand these trials on the streets of Westminster.

To power its fleet, Veolia will utilize local decarbonizing energy from its own waste-to-energy plants, thus creating a sustainable loop. The Landmann Way vehicle depot in North London will be powered by low-carbon electricity from the SELCHP plant, exemplifying this approach.

Estelle Brachlianoff, CEO of Veolia, highlighted the importance of innovation in local decarbonizing energy and the necessity for a collective shift in mindset regarding energy production, distribution, and consumption. Gavin Graveson, Senior Executive Vice President of Veolia Northern Europe Zone, emphasized the role of flexibility in enhancing the UK's energy security and supporting the transition to a more sustainable market.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

The project involves collaboration with Turbo Power Systems, Magnetic Systems Technology, Fuuse, and technology provider Advantics.

The information for this article is based on a press release statement from Veolia.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.