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    Reference: 20180604
    Release date: 14 April 2020

    Promoter – Financial Intermediary

    THE MOBILITY HOUSE AG

    Location

    Description

    The project will finance the growth of the company in the energy storage and vehicle-to-grid sectors in the period 2020-2023.

    Objectives

    The company provides innovative charging and energy storage solutions for the mobility and energy industries. Its proprietary technology digital platform allows the integration of electric vehicles (EVs) into the power grid to charge and discharge their batteries along with stationary battery storage assets. This requires the aggregation and leverage of the energy storage potential of pools of EVs batteries as stationary storage devices in order to provide energy and power services to the electricity grid and thereby enabling "internet of storage" solutions.

    Sector(s)

    • Energy - Electricity, gas, steam and air conditioning supply

    Proposed EIB finance (Approximate amount)

    EUR 15 million

    Total cost (Approximate amount)

    EUR 31 million

    Environmental aspects

    The project concerns the installation of smart charging devices in residential and commercial/industrial facilities. As per Environmental Impact Assessment (EIA) Directive 2014/52/EU amending the Directive 2011/92/EU, an EIA is not required for this project. E&S related topics will be investigated at appraisal.

    Procurement

    The promoters have been assessed by the EIB as being private companies not being subject to EU rules on public procurement or concessions.

    Status

    Signed - 7/08/2020

    Disclaimer

    Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).

    Related tags

    France Germany The Netherlands Energy