EIB finances The Mobility House with €15 million to boost intelligent integration of electric vehicles into the power grid
The loan is supported by the
ChargePilot, The Mobility House's Charging and Energy Management system, has proven a successful non-proprietary and open technology contributing to a zero-emission future
Bidirectional charging, also known as vehicle-to-grid (V2G), can help drive the energy transition and pave the way for faster market penetration of both renewable energies and electric vehicles. Since cars spend a large part of their lives in the parking position, V2G creates significant added value by intelligently connecting electric cars to the power grid to provide various grid-stabilising services. While meeting all energy and data security requirements, The Mobility House's ChargePilot offers a solution which enables smart charging and discharging of electric vehicles according to the grid's needs. Currently, this is the only technology in the market which is non-proprietary and based on open standards to assure maximum scalability.
“Whilst e-mobility alone will not stop climate change, it is a powerful tool to help us limit the rise in global temperatures to sustainable levels,” said
Thanks to the EIB's loan, The Mobility House will be able to strengthen its position in the international market further and make a decisive contribution to a future of sustainable energy. The funding supports activities in
About The Mobility House
The goal of The Mobility House is to shape a future of emission-free energy and mobility. We integrate vehicle batteries into the power grid using intelligent charging and energy solutions. By doing so, we promote the development of renewable energies, stabilise the power grid and make electric mobility more affordable. The technology company was founded in 2009 and operates globally from its sites in
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About InnovFin Energy Demonstration Projects
This facility provides loans, loan guarantees or equity-type financing to innovative demonstration projects in the field of energy system transformation. The financing ranges between €7.5 million and €75 million and supports, amongst others, renewable energy technologies, smart energy systems, energy storage, carbon capture and storage or carbon capture and use. It helps the projects to bridge the gap between demonstration and commercialisation.
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