UK smart home battery company Moixa has won government funding to expand its GridShare battery aggregator platform.
The company has secured à‚£267,750 from the Department for Business, Energy and Industrial Strategy’s Energy Entrepreneurs Fund to expand the platform to manage a wider range of third party batteries used in relation to the home, electric vehicles and IoT.
GridShare aggregates the capacity of multiple distributed batteries to create a virtual power plant, which can deliver services on demand to the UK’s National Grid, local electricity networks and utilities. “This helps reduce the costs of delivering electricity and enables greater adoption of renewables and electric vehicles,” said Simon Daniel, Moixa chief executive.
He added: “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 200 MWh of battery capacity to support a low-carbon, cost-effective smart grid.”
Moixa has recently 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.
Earlier this year the company received investment from TEPCO, First Imagine Ventures and a à‚£1m facility from Greater Manchester Combined Authority (read full story here).
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 devices,” said Daniel.
According to data from Deutsche Bank, more than 90 GWh of lithium batteries were manufactured last year, and this is set to rise five-fold over the next 10 years.
UK electric vehicle use is also set to rise from the current 108,000 (2.2 GWh) of batteries to over 25 million and nearly 1 TWh of batteries by 2050, creating significant grid balancing problems.
Moixa is currently working with Hitachi on a à‚£10.8m project on the Scilly Isles which it says will “lay the foundations for the islands to cut electricity bills by 40 per cent and boost renewables by 40 per cent”. It is developing platforms to enable home batteries and electric vehicles to help balance supply and demand within the islands’ energy system.
A UK 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. Moixa says the project is expected to halve residents’ energy bills and save millions in the costs of running the UK’s power network.