W&B assists Moixa in their partnership with Itochu Corporation
W&B advises Moixa, the UK’s leading smart battery company, in their formation of a strategic partnership with one of Japan’s largest trading houses, Itochu Corporation, to market its GridShare platform. GridShare manages and optimises home energy storage systems.
Itochu has sold thousands of units of the “Smart Star” home battery systems through its distribution network in Japan and, in the near future, will be installing GridShare as standard specification on products. This technology will save customers money by using artificial intelligence to optimise the performance of their battery based on their patterns of behaviour, the weather conditions and market prices. Itochu, a Fortune 500 company, will also help fund international expansion by investing £5 million in Moixa, adding to its investments in leading British companies such as Paul Smith and Kwik Fit.
W&B are responsive, professional and good value for money.
Ed Franklin, Moixa
About Moixa Technology
Moixa is the UK’s leading home battery company. Along with smart energy sharing, they help everyone from individual homeowners, to councils and large property companies to manage and cut their electricity bills. They’re the partner of choice for leading installers, housing associations and utility companies.
Moixa has an unrivalled track record in the UK home battery market, with over 10 years of research and development, strong international patents and proven technology. It has installed Moixa Smart batteries in 1000 homes nationwide with a combined capacity of over 2MWh and nine million hours of use. It has worked with councils and housing associations, energy utilities and network operators to deliver more than £6 million of projects. It has received over £5 million in grants and pilot awards in addition to equity investments.
About ITOCHU Corporation
ITOCHU, based in Japan, is one of the leading general trading companies. ITOCHU engages in domestic trading, import/export, and overseas trading of various products such as textile, machinery, metals, minerals, energy, chemicals, food, general products, realty, information and communications technology, and finance, as well as business investment in Japan and overseas. ITOCHU was originally founded in 1858, and has approximately 120 bases in 63 countries, and with revenues of $44bn ($1=JPY110) at the fiscal year end March 31, 2017.
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