UK-based home battery firm Moixa Technology has received new government funding to expand its GridShare platform, which is designed to aggregate the capacity of various distributed batteries to create a virtual power plant.
Designed to provide on-demand services to the UK’s National Grid, local electricity networks and utilities, the plant helps minimise the costs of supplying electricity and facilitates wider adoption of renewables and electric vehicles.
Supplied by the UK Department for Business, Energy, and Industrial Strategy’s Energy Entrepreneurs Fund, the new £267,750 fund will be used to manage a wider range of third-party home, electric vehicle, and internet of things (IoT) batteries.
Speaking at the Energy Storage Summit in Japan, Moixa Technology CEO Simon Daniel said: “By enabling Gridshare to manage other manufacturers’ batteries we will enhance the value of their products and we will offer utilities a one-stop shop for domestic battery aggregation.
“This will put us well on course towards our 2020 target of aggregating 200MWh of battery capacity to support a low-carbon, cost-effective smart grid.”