Tokyo Electric Power Company Holdings is to make a £500 000 equity investment in Moixa Energy Holdings, the UK-based manufacturer of residential storage batteries.
Tokyo Electric Power Company Holdings is to make a £500 000 equity investment in Moixa Energy Holdings, the UK-based manufacturer of residential storage batteries. Hirokazu Yamaguchi, executive general manager Global Innovation & Investments at Tepco commented "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."
Tepco’s interest lies in the results of changes in the power industry created new technologies and driven by customers. Technologies such as distributed solar and batteries are enabling innovative ways of producing, consuming and sharing energy, s setting the stage for customers to proactively engage in the energy industry as ‘prosumers’. Moixa’s system consists of a ‘smart’ battery for residential customers that allows them to store surplus solar or cheap tariff electricity.