Investment in Moixa Energy announced by TEPCO

"We are excited to welcome Moixa to our modest, but growing portfolio of innovative companies," said Hirokazu Yamaguchi, Executive General Manager, Global Innovation and 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.