Moixa gets funding boost for virtual power plant
Funding will help expand its Gridshare platform to manage a wider range of home and electric vehicle batteries
Moixa Technology has secured more than £250,000 in government funding to help expand its cloud-based virtual power plant.
The smart home battery company has been awarded £267,750 from the Department for Business, Energy and Industrial Strategy’s energy entrepreneurs fund to expand its Gridshare platform to manage a wider range of home and electric vehicle batteries.
Gridshare aggregates the capacity of multiple batteries to create a virtual power plant and then delivers services on demand to the National Grid, local networks and utilities.
“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,” said Moixa chief executive, Simon Daniel.
“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 just been named on the 2017 Global Cleantech 100 “ones to watch” list and is also working with Hitachi on a £10.8 million project on the Scilly Isles, which will enable enable home batteries and electric vehicles to balance supply and demand within the island itself.
In addition, the company is working with Oxford City Council on a two-year project to tackle fuel poverty in one of the city’s most deprived areas.
The scheme will link smart batteries in 82 homes, a school and a community centre with 300kWp of solar panels to create a virtual local energy grid.
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