The company says its network is the largest fleet of batteries under virtual power plant management worldwide.
U.K. Power Networks has tendered 18.2 MW of flexible power capacity to six companies across eight regions. With regular feed-in returns hanging in the wind in the U.K., flexibility and peak time management payments could be an alternative source of income for the solar industry.
Moixa has wrapped up an £8.6 million funding round led by Honda. The U.K. smart battery specialist will use the funds to finance the global expansion of its business managing residential battery systems, electric vehicles and smart charging facilities, as well as the aggregation of battery capacity for grid services.
The storage supplier will set up a mixed-asset virtual power plant that will initially aggregate up to 2 MW of capacity as the first phase of a planned smart local energy system in southern England. Moixa aims to eventually scale the VPP up to 17 MW.
The storage system supplier is providing its technology to the Isles of Scilly as part of an ERDF-funded project to meet the remote islands’ energy demands more cheaply and cleanly. Until now islanders used fossil fuels and electricity from mainland Britain at high tariffs, prompting energy poverty for many.
The developer of home batteries has attracted half a million pounds’ worth of equity investment from Tokyo Electric Power Company Holdings to aid its market expansion.
Distributed storage costs: With the average payback cost of a home battery storage system sticking stubbornly at around ten years, skeptics remain unconvinced that mass-market adoption of distributed storage is on the cards any time soon. So what measures is the industry taking to expedite cost reductions, improve storage technology, and shift the conversation from a ‘nice to have’ to a ‘must have’?
The British archipelago of islands to become global testbed for Smart Islands project that aims to provide model for use of electric vehicles and home batteries in a smart energy system.
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