Moixa secures funding to integrate third party batteries and electric vehicles into virtual power plant

 

Gridshare will benefit other manufacturers and be one-stop shop for utilities

Moixa, the UK’s leading smart home battery company, today announces new government funding to expand its pioneering GridShare platform and mission to manage the world’s batteries.

Moixa has secured £267,750 from the Department for Business, Energy and Industrial Strategy’s Energy Entrepreneurs Fund to expand its platform to manage a wider range of third party home batteries, Electric Vehicle batteries and IoT batteries.

GridShare aggregates the capacity of multiple distributed batteries to create a virtual power plant, which can deliver services on demand to the National Grid, local electricity networks and Utilities. This helps reduce the costs of delivering electricity and enables greater adoption of renewables and electric vehicles.

Simon Daniel, CEO of Moixa, said today whilst speaking to potential partners at the Energy Storage Summit in Japan: “By enabling Gridshare to manage other manufacturers’ batteries we will enhance the value of their products and we will offer utilities a one-stop shop for domestic battery aggregation.

“This will put us well on course towards our 2020 target of aggregating 200MWh of battery capacity to support a low-carbon, cost-effective smart grid.”

Moixa has pioneered battery aggregation and has secured additional patent protection (UK patent GB2539317) on aggregating smart batteries across multiple homes to provide services to the grid, strengthening its intellectual property.

The company has also just been named on the 2017 Global Cleantech 100 Ones to Watch list, which highlights “upcoming companies that are catching the eye of leading investors and corporates”. [1] Earlier this year the company received investment from TEPCO, First Imagine Ventures and a £1 million facility from Greater Manchester Combined Authority, it expanded into a new London headquarters at Farringdon, and opened a regional sales and delivery centre in Manchester

Moixa has set a 2020 target of installing batteries in 50,000 UK homes and managing twice as many on GridShare. Managing household batteries helps inform how to manage potential flexibility from behind the meter household batteries, through to Electric Vehicles and a wide range of Internet of Things (IoT) devices.

Over 90 GWh of Lithium batteries were manufactured last year and this is set to rise five-fold over the next 10 years, according to data from Deutsche Bank. UK Electric Vehicle use is also set to rise from the current 108,000 (2.2GWh) of batteries to over 25 million and nearly 1 TWh of batteries by 2050 creating significant grid balancing problems.

Moixa expects its pioneering battery aggregation will help such problems and build upon experience gained across a series of projects across the UK energy sector:

  • Moixa is working with Hitachi on a £10.8 million project on the Scilly Isles which will lay the foundations for the islands to cut electricity bills by 40% and boost renewables by 40%. It is developing platforms to enable home batteries and electric vehicles to help balance supply and demand within the islands’ energy system.
  • A trial with Northern Powergrid near Barnsley links 40 home batteries to demonstrate how virtual power plants can relieve pressures on the electricity network and enable more homes to install solar panels without having to upgrade the local network. The project is expected to halve residents’ energy bills and save millions in the costs of running the UK’s power network.
  • It is working with Oxford City Council on a two-year project which aims to tackle fuel poverty in one of the city’s most deprived communities. It links smart batteries in 82 homes, a school and community centre with 300kWp of solar panels creating a virtual smart local energy grid allowing the community to maximise use of the free energy it generates.

For more information about Moixa and to arrange interviews, please contact:

Rosie Williams                       rosie.williams@greenhousepr.co.uk              +44 (0) 7990 788411

NOTES TO EDITORS

Moixa Technology (www.moixa.com) is the UK’s leading home battery company. Along with smart energy sharing, we help everyone from individual homeowners, to councils and large property companies to manage and cut their electricity bills. We’re the partner of choice for leading installers, housing associations and utility companies.

Moixa has an unrivalled track record in the UK home battery market, with over 10 years of research and development, strong international patents and proven technology. It has installed Moixa Smart batteries in nearly 1000 homes nationwide with a combined capacity of over 2MWh and nine million hours of use. It has worked with councils and housing associations, energy utilities and network operators to deliver more than £6 million of projects.

The Moixa Smart Battery is a compact (50cm x 30cm x 20cm), cost-effective, wall-mounted unit that fits easily into homes and is easily installed. It is an all-in-one Lithium Ion Phosphate battery system, requiring no additional equipment, and AC-coupled, so it can take advantage of smart tariffs by importing electricity from the grid when it is cheap. USB ports allow customers to charge mobile phones and other devices and can support efficient LED lighting, providing power even during outages. It has a 20-year lifespan and comes with an extendable ten-year guarantee.

Moixa smart grid patents are cited by hundreds of international companies and include US20100076615, US9379545, US8849471, GB2476213, US20140159584, GB2510804, GB2539317.