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Green power deal supercharges Lotus' net-zero ambitions

British Gas Business and Lotus agree new green energy supply deal - the first step in a partnership announced with Centrica to decarbonise the legendary sports car maker

 

Hethel, UK - October 8, 2020 (Investorideas.com Newswire) Lotus and British Gas Business have embarked on a new green electricity deal, which sees the UK's largest energy supplier provide renewable power to the sports car maker's headquarters and supporting facilities.

The contract, which began on 1 October, is REGO-backed (Renewable Energy Guarantees of Origin), where the power is purchased from 100% renewable sources, ensuring the electricity used across Lotus' UK sites is carbon neutral. As a flexible contract, Lotus can also develop its own renewable assets on sites to self-support its power needs and further its green credentials.

In May, Centrica (the parent company of British Gas) and Lotus announced a partnership to develop a new model for electric vehicle (EV) ownership that fully integrates future mobility and energy. Together, the companies aim to redefine and integrate the relationship between consumers, cars and electricity - controlled by smart devices at home and on the move - which will result in more efficient energy usage, carbon and cost savings.

The companies are also set to introduce a comprehensive sustainability programme across Lotus, leveraging innovative, low-carbon technologies and mitigating the impacts of key business operations from manufacturing through to sales and supporting functions.

"This is an exciting new partnership which has got off to a fast start with this new supply contract announced today. Green power supplies offer an efficient means to supercharge commercial sustainability, and there is much more to follow from Centrica and Lotus as we plot the carmaker's course to zero carbon," said Carl Bayliss, Vice President of Mobility at Centrica.

"This is a huge first step for us in our commitment to becoming a 100% carbon neutral business. Next steps include working across our supply chain as part of our net-zero pledge, launching more zero-emissions vehicles as introduced with the Lotus Evija hypercar, and ensuring these vehicles are manufactured and distributed using the latest, sustainable technology and techniques," said Uday Senapati, Lotus Cars' Executive Director of Corporate Strategy and Product Management.

He added: "This is a step change and the start of an exciting journey for Lotus, which is not only about decarbonisation and environmental awareness, but also about making a significant, positive contribution to the customer journey. We will integrate cars, homes and mobile devices, making our model the most efficient, convenient and connected way to utilise energy."

The strategic partnership announced in May will sees the two companies embark on a multi-workstream strategy together, covering:

  1. A dedicated Lotus EV Energy strategy
  2. Charging infrastructure serving Lotus' global network and customers
  3. De-carbonisation strategy for Lotus operations globally
  4. A breakthrough new energy product and platform integrating connected vehicles, homes and customers to support the growth in digital mobility lifestyle

About Centrica

Centrica is a leading international energy services and solutions provider, founded on a 200-year heritage of serving people. We serve around 13 million customers across the UK, Ireland, North America and continental Europe through brands such as British Gas. We are focused on satisfying the changing needs of our customers, enabling them to transition to a lower carbon future. Our aim is to reduce emissions in line with the Paris climate goals by 2030 and develop a path to net zero by 2050.

About Lotus

Group Lotus is based in Hethel, Norfolk, UK. It is part of Geely Automotive, the fastest growing automotive group in the world. Geely has a 51% controlling stake, with 49% owned by Etika Automotive, a Malaysian conglomerate.

Lotus Cars builds world-class, high-performance sports cars including the Evora, Elise and Exige ranges. In July 2019 it launched the Evija, the world's first all-electric British hypercar. Production will start in 2021.

Lotus Engineering provides a comprehensive consultancy service which works with many of the world's OEMs and Tier 1 suppliers. It is internationally recognised for its long-standing contribution to ground-breaking automotive engineering and vehicle development.

For more information please contact the Lotus Communications team:

James Andrew, Executive Director, PR and Communications
jandrew@lotuscars.com
+44 (0) 7384 830903

Rob Borrett, Manager, PR Content and Launch Programmes
rborrett@lotuscars.com
+44 (0) 7718 560789

Alastair Florance, Group PR Manager
aflorance@lotuscars.co.uk
44 (0) 7802 918662

Richard Yarrow, PR Manager, News and Technology
ryarrow@lotuscars.com
+44 (0) 7471 994525

The Lotus media site - https://media.lotuscars.com - contains news, images, specifications and full details of current models, as well as heritage cars and engineering technology.

For the latest news and information from the Lotus PR Team please follow:

https://twitter.com/LotusCarsPR

https://www.instagram.com/LotusCarsPR

For Lotus Cars social media please follow:

https://www.facebook.com/LotusCars

https://twitter.com/lotuscars

https://www.instagram.com/lotuscars/

https://www.youtube.com/grouplotus

https://www.linkedin.com/company/group-lotus


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