S’pore Electricity Retailer iSwitch Energy To Deploy 12 EV Charging Points


Singapore’s largest green electricity retailer iSwitch Energy announced today (April 19) that it is acquiring up to 12 existing charging stations from Finnish tech firm PlugIT, marking its entry into the local EV charging market.

Earlier in 2018, another local electricity retailer Red Dot Power invested S$500,000 to install at least 50 EV charging stations in Singapore in partnership with PlugIT.

Following the acquisition, iSwitch will be offering EV charger installation services to its existing portfolio of over 50 MCSTs (which refers to the managing body of a strata-titled property such as a condominium), 10 shopping centres, 600 car parks and 8,000 landed residential properties.

In a media statement, iSwitch expressed its commitment to offset 100 per cent of all electricity used for charging by purchasing United Nations Verified Carbon Units as part of its green ambition.

This would result in a carbon neutral charge for “Scope 2” emissions, which refers to carbon emissions released into the atmosphere as a result of the electricity generated which is used to charge the electric vehicle.

iswitch office
Image Credit: iSwitch

The company plans to offer the use of these charging stations to both iSwitch and non-iSwitch customers.

However, iSwitch customers will receive bonus loyalty points, redeemable against their monthly electricity bill, resulting in a lower charging cost. According to iSwitch, its existing customer base has over 100,000 households and 6,000 businesses.

“Inspired by the Singapore government’s recently announced sustainability targets, we have decided that the timing is right for us to enter a new and exciting phase,” said Andrew Koscharsky, Chief Commercial Officer of iSwitch.

“To complement our existing green energy products, we will now offer new sustainability products to our 100,000 existing customers and across the entire Singapore energy market.”

The company said that it aims to become a “one-stop green shop” across solar, battery storage and EV charging points.

In particular, the EV charging initiative will broaden iSwitch’s existing suite of sustainable solutions such as carbon neutral green electricity, home batteries and solar panel installation.

With 60,000 charging points expected to be installed nationwide by 2030, iSwitch is well-placed to contribute to the government’s EV ambition by deploying thousands of units across its existing electricity retail portfolio of condominiums and commercial sites.

Image Credit: Vulcan Post

Vulcan Post has committed to follow the EV space in Singapore closely as one of our key content pillars. To follow the developments in this landscape, you can bookmark this page here.

Featured Image Credit: Richard Vogel via AP Photo


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Battlefield 2042 Specialists & launch maps revealed By EA
Latest News

Battlefield 2042 Specialists & launch maps revealed By EA

After months of speculation, EA and DICE have finally unveiled Battlefield 2042, with the reveal trailer already live and a gameplay one set to premiere on Sunday, during Microsoft’s E3 conference. There may be additional information released at that point but for now we already know quite a bit about the new maps and the Specialists, 2042’s version of the […]

Read More
UK Travel Green List & Rules for entering
Latest News

UK Travel Green List & Rules for entering

Red list countries and territories What you must do if you have been in a country or territory on the red list in the 10 days before you arrive in England. If you have been in a country or territory on the red list in the last 10 days you will only be allowed to […]

Read More
Latest News

Belarus to face Slovakia in 2021 IIHF World Championship opener

Belarus will open the 2021 IIHF World Championship against Slovakia in Riga on 21 May, BelTA has learned. The Group B match will be played at the Olympic Sport Center. The faceoff is at 20.10. Belarus 5 TV channel will broadcast the match live. Ahead of the IIHF World Championship Belarus played a number of […]

Read More