Tokyo Electric Power takes £500,000 stake in Moixa

Japanese utility Tokyo Electric Power has announced a £500,000 equity investment in Moixa Energy Holdings, the UK residential battery company.

“We are excited to welcome Moixa to our modest, but growing portfolio of innovative startups,” said Hirokazu Yamaguchi, executive general manager, global innovation & investments at Tepco. “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.”

David Thomlinson, chairman of Moixa and former global head of energy at Accenture said “Having previously worked with Tepco, I am particularly pleased to be able to partner with this leading Japanese corporate, to bring the Moixa technology to new markets.”

Moixa offers a compact and affordable smart battery for residential customers. Its cloud-based GridShare platform helps manage and aggregate distributed storage resources, and thereby, deliver grid services and savings for the energy system. The  company says it has installed Moixa Smart Batteries in more than 800 homes in the UK with a combined capacity of over 1.3MWh and over five million hours of use.

 

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