Tokyo, Japan, April 4, 2017 - Tokyo Electric Power Company Holdings, Inc. announced a £500,000 equity investment in Moixa Energy Holdings, the UK’s leading residential battery company (CEO: Simon Daniel).
"We are excited to welcome Moixa to our modest, but growing portfolio of innovative startups," said Hirokazu Yamaguchi, Executive General Manager, Global Innovation & Investments at TEPCO. "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."
David Thomlinson, Chairman of Moixa and former Global Head of Energy at Accenture said "Having previously worked with TEPCO, I am particularly pleased to be able to partner with this leading Japanese corporate, to bring the Moixa technology to new markets."
The energy industry is undergoing a fundamental and disruptive change enabled by new technologies and driven by customers. Technologies such as distributed solar and batteries are enabling innovative new ways of producing, consuming and sharing of energy. This in turn is setting the stage for customers to increasingly and proactively engage in the energy industry as "prosumers" who both produce and consume energy.
Moixa offers a compact and affordable smart battery for residential customers that helps households save money by storing spare solar or cheap tariff electricity. In addition, their innovative cloud-based GridShare platform helps manage and aggregate distributed storage resources, and thereby, deliver grid services and savings for the energy system.
About Moixa Energy
Moixa Energy Holdings invents, manufactures and distributes smart energy technology and is the UK’s leading residential battery company with an unrivalled track record in the UK market, with over 10 years of research and development, strong international patents and multiple pilots. It has worked with councils and housing associations, energy utilities and network operators to deliver more than £5 million of projects. To date the company has installed Moixa Smart Batteries in more than 800 homes in the UK with a combined capacity of over 1.3MWh and over five million hours of use. For more information, visit http://www.moixa.com.
About Tokyo Electric Power Company Holdings, Inc.
Tokyo Electric Power Company Holdings, Inc. (TSE: 9501), headquartered in Tokyo, Japan, is the largest utility in Japan serving more than 29 million homes and businesses. Worldwide the company has more than 74 subsidiaries and affiliates in 8 countries and employs approximately 43,330 people. Consolidated revenue for the fiscal year ending March 31, 2016, totaled 6.8 trillion Japanese yen. The company was established in 1951 and is listed on the First Section of the Tokyo Stock Exchange. For more information, visit http://www.tepco.co.jp/en/corpinfo/index-e.html.