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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