Expensive electric car purchaseExpensive electric car purchase

Geneva/Zurich, 30. March 2021-

  • Mercuria, a leading global energy and commodities trading company, invests in electric vehicle aggregation technology of The Mobility House.
  • The system developed by The Mobility House enables the aggregation of electric vehicles and integration into the energy flexibility markets and will thus significantly reduce CO2 emissions.
  • With its profound knowledge of international trading technology, Mercuria becomes another investor, after EIB and SP Group, acknowledging the approach of The Mobility House and the relevance of its technology for a faster and efficient integration of renewable energies.

Today Mercuria, one of the world’s largest integrated independent energy and commodities trading companies, announced its strategic investment in The Mobility House AG, a leading technology company which dedicates itself to integrate electric vehicles intelligently into the energy system. The global energy trader has recently stated that it will continue to execute on its corporate strategy of increased investment in the energy transition. Fifty percent of its new investments over the next five years are to be in this sector. With this financing agreement, they have gone one step further in this direction and recognized the importance of the technology developed by The Mobility House for an emission-free future.

As we embark on our energy transition journey, we see this investment as a smart way to link electric mobility with renewable energy, two fast-growing sectors. This solution is increasing the flexibility of energy markets, which need to accommodate the growing new and intermittent renewable sources of power supply,” says Jean François Steels, Vice President Energy Transition at Mercuria.

ChargePilot, the award-winning Charging and Energy Management System with its underlaying EV Aggregation Platform, creates the basis for a uni- and bi-directional integration of electric vehicles into the power grid. It converts electric car batteries into important assets for the energy transition by providing flexibility to the grid which subsequently promotes the integration of renewable energies. The Mobility House is currently offering the only non-proprietary and open technology based on industrial interfaces on the market. It has already proven to be successful with many international clients and in several future-oriented pilot projects. In total they demonstrated the considerable reduction of CO2 emissions and highlighted the possibility for electric car owners to generate revenues.