Moxia Technology have teamed up with ScottishPower to produce an innovative smart battery. Moxia’s smart battery, manufactured by Maslow, is expected to help homeowners use more of the energy they generate whilst at the same time save them money. Moxia has said their product is a good example of how storage technology can be used to combat the surplus of energy faced by Britain’s national grid.
In pilots with major energy industry partners (ScottishPower, British Gas, SSE PD, Good Energy), government (DECC), and direct customer sales, Moixa has deployed 1 (megawatt hours) MWh of its British-manufactured Maslow smart battery system, deployed across 500 sites (combined with solar panels). These smart batteries can be aggregated to provide a range of services and income, using the patented “GridShare” battery software platform.
Smart batteries mean a revolution for utilities. They are home storage units that enable customers to save money through accessing smart tariffs, store excess solar energy for use during peak hours or share batteries with the grid for a range of network saving benefits.
Moixa has deployed 47 Maslow energy storage systems for ScottishPower in partnership with BillSaveUK. Its GridShare software dashboard enables ScottishPower householders to view energy, battery and solar use in real time on a smartphone or iPad, and identify improvement opportunities. This can lead in some cases to over 20% reduction in energy costs.
Moixa has already delivered multiple storage projects for DECC, InnovateUK and many of the other biggest utilities, including British Gas, Good Energy and Co-Operative Energy. Moixa is also working with many of the “new utility” entrants, to use energy storage to lower customer bills.
Other projects include over 175 kilowatt hours (KWh) of Maslow storage systems installed in social housing in Oxford as part of a study with British Gas on new smart tariffs and local community energy flows, and showing benefits in reducing fuel poverty, and 250 storage systems installed in 2014/15 as part of a comprehensive demonstration for DECC on storage opportunities across private, social housing and small business, including with Good Energy.
Secretary of State for Energy & Climate Change Amber Rudd said: “Storage can help maximize the benefits and minimise the costs of secure affordable and clean energy in the UK.”
Lord Bourne, Under Secretary for Climate Change described the Moixa battery storage system as a “radical new business idea.”
Furthermore, a recent Smart Power report by Lord Adonis and the National Infrastructure Commission, identified potential £8bn/pa savings from storage, and cited Moixa and Tesla as leading examples in distributed storage.
Sue Riddlestone, Chief Executive of Bioregional, said: “We’re proud to be part of a project which has now installed Maslow systems with 175kwh total capacity in the community of Rosehill in Oxford, cutting carbon and bringing cost savings that have really benefitted local people. Our partners include British Gas and Scottish & Southern Energy Power Distribution.”
The projects have added to Moixa’s experience in market, now with over 5 million run-time hours of Maslow systems, and deeper partnerships across multiple channels. The acquired data helps validate business models and asset finance scenarios for new smart tariff, GridShare incomes and end savings to customers.
As an early leader and significant innovator, Moixa has also developed a powerful portfolio of patents. These patents are valuable to Moixa and its partners such as third-party battery providers who integrate into the GridShare platform. Patents granted include aggregating batteries for grid services to create the much-talked-about “Virtual Power Plants”. It may interest readers that Moixa was developing patents for these VPPs as far back as 2008. Moixa’s patent portfolio is now cited by some 140+ international companies.
Bill Rumble, Director at BillSaveUK, said: “The UK renewables industry has weathered some stormy times of late, but as this pilot with Moixa and ScottishPower is demonstrating, the successful installation of ‘smart batteries’ presents a viable route forward and potentially the start of a new era for domestic power generation.”
With traditional utility models under threat by distributed energy generation, energy storage offers utilities and customers a major opportunity.
Simon Daniel, CEO of Moixa, said: “Whereas renewables such as solar and wind have often been seen as a liability to generation networks, the arrival of storage batteries provides an asset not only to householders but also to the grid which can use batteries for balancing and other services.”
“We will also shortly be announcing closing a round of finance which includes several former CEOs of Big6 utilities, which is great validation of how important energy storage is going to be in the new utility landscape”.
Neil Clitheroe, CEO of Retail and Generation at ScottishPower, said: “Electricity is the only commodity that we can’t store at scale. We need to develop more large-scale storage projects, like pumped-storage hydro schemes, but also smaller in-home storage ideas, like Moixa’s smart battery concept.
“As one of the UK’s leading renewable energy companies, we plan to take a leadership role in the development of electricity storage. Our work with Moixa and BillSaveUK will allow us to understand how customers interact with electricity storage at home, and how systems like this can be tailored to offer real benefits for customers.”
7 New Technologies That Could Radically Change Our Energy Consumption
Most of our focus on technological development to lessen our environmental impact has been focused on cleaner, more efficient methods of generating electricity. The cost of solar energy production, for example, is slated to fall more than 75 percent between 2010 and 2020.
This is a massive step forward, and it’s good that engineers and researchers are working for even more advancements in this area. But what about technologies that reduce the amount of energy we demand in the first place?
Though it doesn’t get as much attention in the press, we’re making tremendous progress in this area, too.
New Technologies to Watch
These are some of the top emerging technologies that have the power to reduce our energy demands:
- Self-driving cars. Self-driving cars are still in development, but they’re already being hailed as potential ways to eliminate a number of problems on the road, including the epidemic of distracted driving ironically driven by other new technologies. However, even autonomous vehicle proponents often miss the tremendous energy savings that self-driving cars could have on the world. With a fleet of autonomous vehicles at our beck and call, consumers will spend less time driving themselves and more time carpooling, dramatically reducing overall fuel consumption once it’s fully adopted.
- Magnetocaloric tech. The magnetocaloric effect isn’t exactly new—it was actually discovered in 1881—but it’s only recently being studied and applied to commercial appliances. Essentially, this technology relies on changing magnetic fields to produce a cooling effect, which could be used in refrigerators and air conditioners to significantly reduce the amount of electricity required.
- New types of insulation. Insulation is the best asset we have to keep our homes thermoregulated; they keep cold or warm air in (depending on the season) and keep warm or cold air out (again, depending on the season). New insulation technology has the power to improve this efficiency many times over, decreasing our need for heating and cooling entirely. For example, some new automated sealing technologies can seal gaps between 0.5 inches wide and the width of a human hair.
- Better lights. Fluorescent bulbs were a dramatic improvement over incandescent bulbs, and LEDs were a dramatic improvement over fluorescent bulbs—but the improvements may not end there. Scientists are currently researching even better types of light bulbs, and more efficient applications of LEDs while they’re at it.
- Better heat pumps. Heat pumps are built to transfer heat from one location to another, and can be used to efficiently manage temperatures—keeping homes warm while requiring less energy expenditure. For example, some heat pumps are built for residential heating and cooling, while others are being used to make more efficient appliances, like dryers.
- The internet of things. The internet of things and “smart” devices is another development that can significantly reduce our energy demands. For example, “smart” windows may be able to respond dynamically to changing light conditions to heat or cool the house more efficiently, and “smart” refrigerators may be able to respond dynamically to new conditions. There are several reasons for this improvement. First, smart devices automate things, so it’s easier to control your energy consumption. Second, they track your consumption patterns, so it’s easier to conceptualize your impact. Third, they’re often designed with efficiency in mind from the beginning, reducing energy demands, even without the high-tech interfaces.
- Machine learning. Machine learning and artificial intelligence (AI) technologies have the power to improve almost every other item on this list. By studying consumer patterns and recommending new strategies, or automatically controlling certain features, machine learning algorithms have the power to fundamentally change how we use energy in our homes and businesses.
Making the Investment
All technologies need time, money, and consumer acceptance to be developed. Fortunately, a growing number of consumers are becoming enthusiastic about finding new ways to reduce their energy consumption and overall environmental impact. As long as we keep making the investment, our tools to create cleaner energy and demand less energy in the first place should have a massive positive effect on our environment—and even our daily lives.
Responsible Energy Investments Could Solve Retirement Funding Crisis
Retiring baby-boomers are facing a retirement cliff, at the same time as mother nature unleashes her fury with devastating storms tied to the impact of global warming. There could be a unique solution to the challenges associated with climate change – investments in clean energy from retirement funds.
Financial savings play a very important role in everyone’s life and one must start planning for it as soon as possible. It’s shocking how quickly seniors can burn through their nest egg – leaving many wondering, “How long your retirement savings will last?”
Let’s take a closer look at how seniors can take baby steps on the path to retiring with dignity, while helping to clean up our environment.
Tip #1: Focus & Determination
Like in other work, it is very important to focus and be determined. If retirement is around the corner, then make sure to start putting some money away for retirement. No one can ever achieve anything without dedication and focus – whether it’s saving the planet, or saving for retirement.
Tip #2: Minimize Spending
One of the most important things that you need to do is to minimize your expenditures. Reducing consumption is good for the planet too!
Tip #3: Visualize Your Goal
You can achieve more if you have a clearly defined goal in life. This about how your money can be used to better the planet – imagine cleaner air, water and a healthier environment to leave to your grandchildren.
Investing in Clean Energy
One of the hottest and most popular industries for investment today is the energy market – the trading of energy commodities. Clean energy commodities are traded alongside dirty energy supplies. You might be surprised to learn that clean energy is becoming much more competitive.
With green biz becoming more popular, it is quickly becoming a powerful tool for diversified retirement investing.
The Future of Green Biz
As far as the future is concerned, energy businesses are going to continue getting bigger and better. There are many leading energy companies in the market that already have very high stock prices, yet people are continuing to investing in them.
Green initiatives are impacting every industry. Go Green campaigns are a PR staple of every modern brand. For the energy-sector in the US, solar energy investments are considered to be the most accessible form of clean energy investment. Though investing in any energy business comes with some risks, the demand for energy isn’t going anywhere.
In conclusion, if you want to start saving for your retirement, then clean energy stocks and commodity trading are some of the best options for wallets and the planet. Investing in clean energy products, like solar power, is a more long-term investment. It’s quite stable and comes with a significant profit margin. And it’s amazing for the planet!