Source - LSE Regulatory
RNS Number : 4618E
Pod Point Group Holdings PLC
30 June 2023

30 June 2023


Pod Point Group Holdings plc ("Pod Point" or the "Group")

Partnership with UK Power Networks LTD (UKPN)

Pod Point, one of the UK's market leading providers of Electric Vehicle ("EV") charging solutions, today announces that it has signed a partnership agreement with UK Power Networks, the UK's largest Distribution Network Operator (DNO), serving 8.3 million homes and businesses across London, the South East and East of England. 

The agreement will see Pod Point provide flexibility services to UK Power Networks by adjusting EV charging schedules to better match renewable generation. With user permission, Pod Point will schedule EV charging away from peak periods helping to balance the grid, while ensuring cars are charged when needed.

The partnership follows the launch of Pod Point's new Grid business unit led by Pilgrim Beart, founder of AlertMe, the company behind British Gas' Hive product. Alongside helping customers reduce energy costs and carbon emissions, the Grid business unit will be developing recurring revenue streams from across Pod Point's growing network of over 200,000 connected charge points, and the UKPN partnership represents one of the first tangible points of progress towards this exciting recurring income opportunity.

Pod Point, as a leading provider of EV charging infrastructure with over 1GW of EV charging capacity on its platform is well positioned to deliver flexibility services to electricity distributors and is exploring further grid-side partnerships. Earlier this month, Pod Point partnered with Axle Energy, an energy flexibility startup connecting EVs to electricity markets to help keep power generated from fossil fuels off the grid.




(Public Relations advisor to Pod Point)

+44 207 353 4200


Mark Burgess, Matt Low, Arthur Rogers


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact or visit

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. AJ Bell logo

Related Charts

Pod Point Group Holdings PLC (PODP)

+0.48p (+2.38%)
delayed 16:30PM