Moixa collaborates with Itochu to launch Gridshare platform in Japan
Category: #world  By Saipriya Iyer  Date: 2018-01-30
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Moixa collaborates with Itochu to launch Gridshare platform in Japan

Moixa, a key player across the consumer-grade renewable power storage sector, has reportedly decided to join hands with the Japanese trading firm Itochu Corporation to build a consumer base for its grid share technology in Japan. Reports further cite that the second largest trading company of the country has sold home battery units in large quantities and is forecast to invest £5 million in Moixa’s gridshare solutions. Apparently, Itochu also plans to deploy the gridshare system in its battery products in summer.

For the record, Itochu is also known to be the battery chemistry supplier for power storage companies, and its partnership with Moixa is certain to help in promoting the gridshare technology to regional business entities.

Technocrats claim that Moixa’s gridshare system will aid customers to improve their battery performance through the utilization of tools such as AI technology. Moixa’s Gridshare system, reportedly, also helps to balance the power demands of the grid. Furthermore, sources state that the UK based firm provides the participating homes with extra income through a specific gridshare scheme by selling any excess power stored in their smart batteries.

With the escalating demand for green energy, it has been predicted that the Moixa’s gridshare business is likely to expand heavily across the globe. Reportedly, the smart grid company has been extensively carrying out its research activities in the UK. The firm is also planning to conduct more grid trials across Europe and the U.S. by 2018, thereby further expanding its business.

Sources state that the British firm is expanding its gridshare business across utility & electric vehicle sectors in Japan with TEPCO, Japanese biggest electric utility company, that is renown to have declared capital investments worth £500,000 in Moixa Energy Holdings, in the second quarter of 2017.



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Saipriya Iyer

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Saipriya Iyer

Saipriya Iyer develops content for Market Size Forecasters, Algosonline, and myriad other platforms. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her bel...

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