Moixa Rolls Out GridShare Distributed Storage Management Service

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UK energy storage provider Moixa announced its new GridShare AI platform to manage the world’s largest cluster of residential energy storage installations with 35 MWh across 3,500 homes in Japan.

The new service was rolled out in partnership with one of Japan’s largest trading houses, ITOCHU, and a Tokyo Electric Power Company Holdings (TEPCO) subsidiary, TRENDE Inc., with the possibility of expanding the initial offering up to a 100 MWh virtual power plant.

Moixa’s GridShare is currently managing what it believes to be the largest cluster of residential energy storage systems in the world, with 35 MWh of capacity being installed across 3,500 Japanese homes. The batteries offer homeowners lower prices for using power outside of peak times, thanks to the residential energy storage units.

“We expect to use GridShare to manage a significant proportion of batteries in Japan, one of world’s largest markets for home storage,” Simon Daniel, CEO of Moixa, said. “GridShare uses artificial intelligence to learn about each owner’s energy use and develops a unique charging plan to meet their needs and maximise savings. It can also use spare battery capacity – or flexibility – to earn income by providing services to the grid that support more renewable generation and help manage electric vehicle charging.”

The partnership between Moixa and both ITOCHU and TEPCO have been further cemented by investments from both groups in Moixa. The partnership allows for a closer working relationship and the development of products and services that are mutually beneficial.

“Our partnerships with ITOCHU and TEPCO Group are a vote of confidence in British battery and software technology and are built on the experience we have gained in the UK,” Daniel said. “We are becoming a ‘Smart Energy Island’, using new flexibility and battery technologies to manage intermittent solar and wind power, support the growing demands of electric vehicle charging, and balance supply and demand on the grid.”

Moixa’s GridShare AI platform also has the capability to manage even larger fleets of distributed batteries, which it then aggregates into a virtual power plant that allows it to import and export energy to deliver services back to the electrical grid. At present, ITOCHU is selling 800 of its 10 kWh Smart Star L systems per month, so in a year Moixa could be aggregating nearly 100 MWh of distributed, flexible capacity on its GridShare platform.

GridShare leverages the power of artificial intelligence to create customized charging plans for each customer on the network to maximize the savings based on their specific usage patterns. It takes into account the state of charge of the battery, energy usage habits, and even electric vehicle utilization to develop the plan. Adding another layer of intelligence onto the platform, GridShare also looks at the weather and rolls that in with on-site solar or other local generation sources, to round out the full energy usage picture of the home.

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Kyle Field

I'm a tech geek passionately in search of actionable ways to reduce the negative impact my life has on the planet, save money and reduce stress. Live intentionally, make conscious decisions, love more, act responsibly, play. The more you know, the less you need. As an activist investor, Kyle owns long term holdings in Tesla, Lightning eMotors, Arcimoto, and SolarEdge.

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