Moixa wants to install a million batteries by 2020

Moixa Energy Holdings wants its wall-mounted battery systems in a million homes by 2020. Pic: Moixa.

Moixa Energy Holdings wants its wall-mounted battery systems in a million homes by 2020. Pic: Moixa.

By Jason Deign

A UK energy storage system developer is looking to go from 650 installations today to 1m by 2020 with an aggregation-based residential business model.

London-based Moixa Energy Holdings is positioning itself as a utility’s friend by aggregating residential storage assets into a virtual power plant that provides ancillary grid services, then sharing the rewards with its customer base.

On its website, the company claims its GridShare service can earn homeowners between GBP£50 and £75 a year, or “almost 15% of the average electricity bill.”

Chief executive Simon Daniel told Energy Storage Report that 2016 was a scaling-up year for Moixa, which began piloting smart battery technology in 2012 and launched its current products two years ago.

The company is expecting to shift up to 100,000 storage systems within the next 36 months, Daniel said. And although Moixa is looking to bolster sales abroad, most of that capacity could go online in the UK. 
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Study: distributed storage is going to take over

Residential solar could become energy storage's heartland in a few years, according to research from Bloomberg New Energy Finance. Pic: SunPower.

Residential solar could become energy storage’s heartland in a few years, according to research from Bloomberg New Energy Finance. Pic: SunPower.

By Jason Deign

A major study published last week not only forecasts massive energy storage growth but also predicts a seismic shift in the structure of the market.

The Global Energy Storage Forecast, 2016-24, from Bloomberg New Energy Finance (BNEF), predicts about 45GW and 81GWh of storage could be installed by 2024, representing an investment of USD$44bn.

The figure excludes pumped hydro capacity, of which there is currently 104GW according to 2012 US Energy Information Administration data cited by the American Energy Storage Association.

Perhaps more importantly, though, the Forecast shows worldwide behind-the-meter storage overtaking utility-scale applications between 2020 and 2021.

By 2024, predicts BNEF, 66% of all storage will be behind the meter, compared to just 16% at present.
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