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.
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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.”
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