Moixa secured £2.5 million of funding in the first quarter of 2017 which it will use to pursue a goal of installing 50,000 home battery systems by the end of the decade. A £1 million funding facility from Greater Manchester Combined Authority (GMCA) will see Moixa open a regional sales and delivery centre in the city, with around 20 local staff expected to be employed within a year. The office will drive the company’s growth in the north west by offering solar and storage products to private customers and pursuing multi-thousand unit deployments with social housing clients. Speaking to Solar Power Portal yesterday, Moixa’s founder and chief executive Simon Daniel explained: “We were looking to set up a support centre in mid-England as a lot of our housing stock for social housing is in that area. Manchester has over 1.2 million homes, Liverpool half a million and there’s a lot of new house building going on in that area.
Solar Portal 29th June 2017 read more »
Global research institute McKinsey & Company has analyzed current energy storage prices and concluded that commercial customers are already feeling the economic benefits of cheaper batteries and recent price falls in lithium-ion technology. With battery-pack costs now down to less than $230/kWh – compared to around $1,000/kWh as recently as 2010 – storage uptake is on the rise across Europe, Asia and the U.S. This growth is being facilitated by a greater uptick in electric vehicle (EV) adoption, with major players now scaling-up their lithium-ion manufacturing capacity in order to meet demand.
Renew Economy 30th June 2017 read more »