British residential energy storage company Moixa has launched a campaign on Crowdcube to raise £875,000 in the hope it will be able to grow sales of its home energy storage system.
The system captures solar and night energy and then converts this into power to charge devices during the day, when it’s most in demand. A cloud platform enables customers to manage their energy usage, providing service and income opportunities from grid and network.
It now wants to leverage its UK network and extend the management platform to include managing partner, competitor, third-party and consumer batteries.
Part of Moixa’s plans is to incubate a new finance/utility model that will become a standalone company known as The Energy Pension Company. This organisation will offer new energy tariffs and guidance to consumers on energy efficiency and supporting the wider Moixa network.
The company said: “We are also pioneering how to manage clusters of batteries across communities, to form a collective battery – like a virtual pumped hydro plant. This can help save costs to the electricity system such as – wholesale arbitrage or helping reduce network upgrade costs charged for large solar developments.
“To achieve scale, we are developing structured finance platforms that aid funding deployment of energy efficiency, solar and storage assets. This appears central to US competitors who have succeeded with lease or no money down approaches.”
The company will split the money makes fro its CrowdCube campaign between Moixa technology’s MASLOW energy storage system (taking 55 per cent of the proceeds), building up the profile of The Energy Pension company (30 per cent) and developing R&D and IPR for Moixa Energy Holdings’ other technologies.
The company is offering equity of 6.48 per cent to any supporters on Crowdcube and the campaign ends in 22 days.
