Tokyo Electric Power Company Holdings (TEPCO), one of Japan’s leading energy corporations, has poured £500,000 of equity investment into London-based residential battery developer Moixa Energy Holdings.
The investment will serve to aid Moixa’s growth into new markets, particularly those with a growing thirst for modular home storage solutions and smart energy sharing platforms.
Moixa’s flagship product is its Maslow home battery and GridShare platform, which enables storage system owners to aggregate their batteries on to a virtual platform where providers share stored energy among households, thereby reducing load on grids during peak demand to create a flat grid.
TEPCO’s investment into the British firm will likely smooth entry into the potentially lucrative Japanese storage sector. “Having previously worked with TEPCO,” said Moixa chairman and former global head of energy at Accenture David Thomlinson, “I am particularly pleased to be able to partner with this leading Japanese corporate to bring the Moixa technology to new markets.”
The executive general manager for TEPCO’s global innovation and investments department Hirokazu Yamaguchi added: “Moixa has developed a robust battery storage and smart-energy sharing platform. We look forward to gaining hands-on experience for the benefit of our customers.”
TEPCO is Japan's largest power utility, providing electricity to more than 29 million households and businesses.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.