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A smart battery maker that is based in the United Kingdom has announced that it is partnering with one of the largest trading houses of Japan called Itochu in order to export its technology internationally.
The agreement enables Moixa to launch its GridShare technology platform in what it dubbed as a “rapidly growing” battery market in Japan. Itochu will also aid in funding the international expansion through an investment that is worth £5m.
GridShare optimises home energy storage systems through the use of artificial intelligence in order to learn patterns of the use of household energy and solar generation as well as factoring in energy prices and local weather.
By the end of March of this year, the home battery systems of Itochu will be in around 6,000 homes, and it will install GridShare as a standard on products by the summer of 2018.
Japan has the third-largest fleet of electric vehicles in the world, and it had over 125,000 energy storage systems as of 2016, which Itochu and Moixa forecast will surpass 500,000 by 2020.
general manager of industrial chemicals department at Itochu, Koji Hasegawa, stated: “Moixa has pioneered battery management, and we are proud to be investing and working together to target the rapidly growing energy storage market in Japan.
“Moixa’s GridShare will help our customers get more value for their home batteries and will offer solutions to help our partners manage Japan’s low-carbon transition.”
Moixa is currently attempting to expand its GridShare partnerships with utilities and electric vehicle makers in Japan and to market services to various electricity networks.
It is also set to test its technoloy in the United States and Europe this year.
The Industrial Strategy of the UK aims to make the United Kingdom a world leader in battery technology, and last week, the the recently launched Faraday Institution of the government said that it would place an investment of £42m towards battery research and development.