Singapore/Munich/Zurich, 3 September 2020 – SP Group (SP) today announced a strategic investment in The Mobility House AG (TMH) to explore smart charging1 (V1G) and vehicle-to- grid2 (V2G) feasibility in Singapore. SP will leverage TMH’s expertise and technology in Europe and the United States to boost Singapore’s electric mobility capabilities, enabling its energy system to integrate more renewable energy and ultimately mitigate climate change.
Operating from Munich, Zurich and Belmont (California), 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.”
