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Two companies have been awarded a share of more than £5 million to spur on innovation in energy storage, Energy and Climate Change Minister Baroness Verma announced today.
REDT UK and Moixa Technology won the contracts as part of the Department of Energy and Climate Change’s (DECC) innovation competition to support energy storage research and demonstration.
REDT UK has developed a technology to store electricity from wind turbines, while Moixa Energy has developed small battery-based storage units which could be installed directly into people’s homes to store power and re-use it at times of peak demand.
Baroness Verma said: “This investment will give these organisations the boost they need to develop energy storage designs, helping cut costs and bringing new technologies to market in this sector.
“The ability to store energy in this way will become increasingly important in the move towards a low carbon economy and I wish the winning organisations every success with their projects.”
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