Release date: 14 April 2020
Promoter – Financial Intermediary
THE MOBILITY HOUSE AGLocation
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 information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).