Published on July 27th, 2016 | by Jake Richardson0
UK Energy Storage Startup Moixa Has Industry Veteran Backing
July 27th, 2016 by Jake Richardson
Three high-profile businessmen are backing a new British energy storage company. The former boss of Centrica, Sam Laidlaw; the former chief executive of SSE, Ian Marchant; and the former CEO of Innogy, Brian Count, have invested in Moixa Technology, which is based in London. The company makes an energy storage product for homes and businesses called Maslow. It comes in 2 kWh, 3 kWh, and 4-6 kWh sizes.
One news source says the cost is £2,200, though it does not explicitly state for which models — one might assume it is for the 2 kWh version. The Maslow site says the product is usually installed in about one hour by a qualified electrician and is wall-mounted. It also says Maslow does not need an inverter to receive electricity from directly connected solar panels.
“With Maslow installed in the home one can rest easy that when the mains fails you will continue to be able to power your DC connected lights and devices for a substantial period. Note that use of Maslow in this scenario does not require the installation of PV although if PV is connected then the ability to recharge the battery during the day can provide power almost indefinitely. You will also need to have a DC ready system for this to work.”
One source referred to the units as ‘brief-case sized’ and plug-and-play, but it isn’t clear what the installation cost might be. So far, Moixa has installed about 500 units, but has a goal of one million by 2020.
“I think the move from large, grid-connected power stations to the combination of small-scale residential solar and storage is the energy equivalent of the switch … from big mainframe computers to WiFi and iPads,” Ian Marchant said.
“Energy storage is an exciting technological development that looks set to play a dramatically larger role in the UK electricity market, but only by understanding the market in-depth will investors be able to identify the right opportunities. Our techno-economic modelling of different applications has shown that behind the meter solutions are already proving an attractive proposition and we are even beginning to see energy suppliers offering to install storage at the sites of energy intensive customers.”