SINGAPORE IS ONE STEP CLOSER TO DECARBONISING THE TRANSPORT SECTOR
Red Dot Power, Singapore’s leading new age energy company, wants to resolve the classic chicken and egg issue of which comes first - the Electric Vehicle (EV) or the Charging Station? By first developing the charging infrastructure to enable the growth of Electric Vehicles in Singapore, Red Dot Power and its partner PlugIt, a Finnish electric vehicle charging technology specialist, aim to play a huge part in combating climate change, and promoting cleaner air quality, a problem increasing identified within cities due to vehicular pollution.
EVs have often been touted as one of the key pillars in the fight against climate change. However, the adoption of EVs in Singapore has been on the slow side. Dr Sanjay Kuttan, Programme Director of Nanyang Technological University's Energy Research Institute, has identified the lack of a comprehensive EV charging network and incentives for car owners to switch to EVs, as obstacles for growth. Today’s MOU will aim to address these obstacles and bring clean energy solutions to Singapore’s transport system.
Red Dot Power is aiming to roll out a minimum of 50 EV charging stations – 10, 22kW AC Type2 charging stations in 2018 and another 40, 24kW multi-standard (AC Type 2, DC CHAdeMO and DC CCS) charging stations in 2019. As the EVs from Japan, Europe, and USA use different charging standards, Red Dot Power’s EV charging network will cater to all standards used in Singapore.
Mr. Vijay Sirse, Chairman, Founder & CEO of Red Dot Power says: “Red Dot Power is pleased to bring clean energy services to Singapore in the form of an EV Charging Stations infrastructure which will be integrated into our well-established retail, demand response, solar and storage solutions business. We are happy to partner with PlugIt, whose cutting-edge cloud-based charging solutions will enable us to achieve significant synergies between the electricity and transport sectors. This is Red Dot Power’s contribution to the decarbonisation of the transport sector and the smart nation drive by the Government of Singapore.”
The NextGen EV charging network conceived by Red Dot Power and PlugIt goes beyond simple charging of EVs. It changes the fundamental concept of a one-way transaction between a car user and the energy supplier, be it a petrol station or EV charging station. In the NextGen network, EV users can provide demand management services to the grid, a concept called vehicle-to-grid (V2G). To further reduce the source-to-wheel carbon emissions, Red Dot Power will install solar photovoltaics at the charging station sites to produce zero-emission power. Battery storage systems will also be deployed to alleviate the stress on the power grid when more fast charging stations come online.
Mr. Tommi Saarela, Founder & CEO of PlugIt says: "We are extremely delighted to partner Red Dot Power and contribute to Singapore’s smart nation strategy. PlugIt’s smart white label product together with our expertise and leadership in EV charging technology, cloud-based solutions and services will provide Red Dot Power with a unique capability to create new value-add services for our customers. We are also pleased to announce the opening of PlugIt Pte Ltd in Singapore, to better serve our customers in Singapore and the region.”