Moixa to roll out energy storage to one million sites by 2020

Energy storage firm Moixa Energy has announced it will raise £875,000 to install its storage systems at one million sites by 2020.

At the time of going to press the company had levied more than £59,000 through a crowdfunding platform since the campaign launched this morning.

Moixa is currently completing a £1.5 million pilot project to install 250 energy storage systems for the Department of Energy and Climate Change (Decc), to demonstrate how energy storage can benefit customers and networks.

This is part of an original 2013 competition for UK energy storage projects, in which £20 million was awarded to four projects.

Moixa is also delivering similar scale pilots through a series of community energy projects for Innovate UK, to highlight opportunities for energy storage in the UK market and deliver market ready technology and set for deployment at national and international scale.

The firm’s energy storage battery, Maslow, is a compact wall-mounted system which shares its storage back to the network to “improve system economics and solve key challenges facing the grid”.

Moixa claims it “saves customers money by storing spare solar or providing access to off-peak tariffs; reduces peak capacity and help reduce network costs incurred in supporting large volumes of solar installations or new housing”.

Last week, chief executive Simon Daniel told Utility Week that energy storage technology is a “friend of the network operator and utilities” because it reduces peak and imbalance charges.

Rival energy storage firm Powervault recently announced it had raised £700,000 through investment crowdfunding to install 50,000 home energy storage systems in the UK by 2020.