SP Group boosts electric mobility by investing in Mobility House

SP Group (SP) has announced a strategic investment in The Mobility House AG (TMH) to explore smart charging and Vehicle-to-Grid (V2G) feasibility in Singapore.

SP will leverage TMH's expertise and technology in Europe and the U.S.A to boost Singapore's electric mobility capabilities, enabling its energy system to integrate more renewable energy and ultimately mitigate climate change.

TMH is a technology company that provides a non-proprietary software for integrating vehicle batteries into power grids using intelligent charging and storage solutions.

The collaboration with SP, a leading energy utilities group in the Asia Pacific, expands TMH's reach into Asia. Together, SP and TMH aim to accelerate the goal of a zero-emission future on a global scale and realise the commercial integration of electric vehicles into the energy market.

SP Group Chief Executive Officer, Stanley Huang, said, "SP Group has built deep capabilities in operating Singapore's national grid and upholding its world-class electricity network reliability. We have expanded the breadth of our experience to electric mobility and are rolling out a nationwide electric vehicle charging network in Singapore. Our investment in The Mobility House advances our goal to pioneer sustainable energy solutions in transportation, enabling a low-carbon future for customers."

With its hardware-agnostic Charging and Energy Management system, ChargePilot, TMH created the basis for a uni- and bi-directional integration of electric vehicles into the power grid.

The system not only manages the grid-optimised charging process of vehicles but has also been marketing over 3,000 stationary vehicle batteries commercially in various energy markets since 2016, while always considering cycling costs and battery aging.

In Singapore, the phasing-out of internal combustion engined vehicles by 2040 will accelerate the adoption of Electric Vehicles (EVs) and the rollout of more EV charging points. With the Singapore government's target to increase solar penetration by 2030, integrating V2G technology into the national grid can be the key to managing the intermittency of renewables while maintaining grid stability and reliability.