Landis+Gyr acquires New Zealand’s Thundergrid
Etrel INCH Home – Single plug ‘n’ charge (Image credit: Thundergrid)
Switzerland headquartered Landis+Gyr, a provider of integrated energy management solutions has acquired EV infrastructure, New Zealand based company Thundergrid.
Thundergrid aims to use its experience in the electricity sector to make it easier for New Zealand to switch to sustainable electric transport, and to this end have committed themselves to removing barriers to EV adoption.
The acquisition of Thundergrid is part of Landis+Gyr’s smart infrastructure growth strategy to accelerate the expansion of EV solutions into Australian and New Zealand (ANZ) markets that have high penetration of renewable energy resources.
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The acquisition also goes hand in hand with Landis+Gyr’s flexibility management strategy to address complex grid challenges driven by electrification efforts and integration of varied renewable energy resources.
David Maclean, senior vice president of Landis+Gyr Asia Pacific said, “This acquisition is a crucial step in the evolution of our EV solutions, that spans from smart charging to future mobility services in ANZ. Together with Thundergrid’s expertise in EV infrastructure, design and implementation, and Landis+Gyr’s 127 years of experience in transforming the energy sector, we are well positioned to provide customers with turnkey and scalable EV solutions to decarbonise the grid.”
Chief executive officer, and co-founder of Thundergrid, Jonathan Parker said, “Combining our locally developed Intellectual Property (IP) with the backing of a global energy management solutions leader, means we can progress towards mass EV adoption without overloading the wider electricity grid. This problem is not unique to New Zealand, but as an island nation with an abundance of renewable energy, we are well placed to lead the world in electrification which Landis+Gyr has recognised.”
Thundergrid’s commercial independence including current management and team structure will be retained to drive the company’s vision and strategy in New Zealand.
