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Distributed (Home) energy Storage and aggregated Grid Services
Simon Daniel, CEO
25th October 2016
Soon every home will run on batteries
OverviewMoixa UK leading home battery company
o Founded 2006 for smart home energy tech (USBCELL, DC Microgrids, Storage)
o Since 2010 focused on:1. Smart IoT Battery for mass market2. GridShare aggregation Platform
o Large portfolio of granted international patentso Numerous projects for DECC, InnovateUK and various
Big 6 Utilities (eg British Gas, SSE) o >600 systems + 5 million run hours of datao €7m investment (equity & grants)o Investors include ex CEOs of Centrica and SSE
Now >€10m raise to scale UK, international, finance1m Mass market
Target: million+ homes by 2020.
�
Smart BatteryIot Hardware for mass market. Compact all-in-oneProprietary IP
GridShare PlatformAggregate Moixa + 3rd party batteries, to monitor and control distributed energy for grid services
Utility, Social, Landlords
Solar+Storage bundle, new Smart tariffs, partners for data, trading and smart home solutions
Financial
Accelerate with: Asset Funding, PPAs, SPVs, no money down
What we doSmart Battery, GridShare Platform and Offerings.
£
Moixa Smart BatteryCompact All-In-One system
• AC Coupled: Battery, Inverter, Smart Control• Mass market: any home or social housing• 2 or 3kWh: Powers 1/3 of daily energy use • Increases: solar returns + self-consumption
plus arbitrage of smart tariff access• GridShare: services revenue• Low cost: ~£2000 (and reducing)• 1 hour install: ~ £100• Upgradable: modular design
Moixa Smart Battery benefitsSave £200+ a year (and rising)
Double Self-consumption from ~30% to ~60%à Retrofit to 840,000 solar homes in UK
Store solar + access smart tariffs Access additional Grid Income
à Enable new Solar + Battery homes
85TWh
25-30TWh Elec.Hotwater/Heating/pumps
10KWhpd,3600KWhpafornonheatingAnnualtotal
UK Peak driven by residentialAnd rising IoT demand….
On Demand
Distributed Network Operator
• Defer Capital / Upgrades• Curtail peak Solar• Balance evening peak• Manage power quality • (DUOS / TRIAD / T&D )
Daily
Households & Utilities
• Self-consumption• Access time of day Tariffs• Help Utility arbitrage and
imbalance• Enable PPA / ESCO deals
System
National Grid
• Ancillary Measures• System Balancing• Scaling Renewables• Peak Capacity• Frequency Services
Controls to manage the trading, flexibility, balancing and grid-level energy services
GridShare PlatformAggregates batteries for services
ServiceRevenuedashboards Moixa batteries
EVchargeintegration
Management ofIoTembeddedbatteries...
GridSharecloudsoftware
EnergyUtilities
e.g.tomanage
Gridshare cloudManage 3rd party assets
Solar + StorageRoutes to market
• Private sales• Large scale projects• Social Housing• Utility offers• New build/ smart homes
• White label - Utilities
£1.5m £0.15m£1.4m
£0.05m
£0.1m
£0.1m
Pilots & ProjectsValidated across:• €5m of projects• 5m run-hours of data• 600+ systems
1 Moixa Batteries and GridShare API integrated into Utility customer App.
2 Systems deployed via EPC partner
GridShare integrated through to Customer Dashboard
Remote management ofBattery Plan for solarand Tariff.
Utility: Scottish PowerSmart Battery & GridShare deployment.
3
Reducing energy costs & fuel poverty. Monitoring data, testing new smart tariff and network Services.
Social Housing: OxfordSmart Battery & GridShare Management
Cloud Group management
Channel & CustomersBusiness ModelManaged storage and services
£ UtilityOfferings
PV Assetowners
System &
Energy Services
SocialHousing
Installers /Resellers
New Build developers
• 3rd party batteries• Electric Vehicles• IoT embedded
batteries
Manage
GridShareCloud / IoT
Moixa Smart Batteryhardware
Asset funds
SPVs£
Lease, PPA, PAYS, FitSwap
- Utility- Community- Networks- Grid Balancing
Network Side Services£
Aggregatedservices
Dashboards Trading & Balancing
Storage as Infrastructure
Intellectual PropertyLarge portfolio of granted patents
• Granted ‘big book’ patent with 2008 priority date (filing continuations) • Major tech companies reference Moixa’s patents in their IP filings...• 2016 grants in UK and USA on aggregating batteries for grid services
o Global revenue from energy storage for grid + ancillary services expected to total $68.5 billion in 2014-2024 (Navigant Research)
o Global M&A and investments in storage especially in USA and Germany:o GreenCharge - ENGIE o Saft - TOTALo STEM - RWE, Mitsui, Peter Thiel etco Sonnen – GE, Envision
o BUT major country differences…(electrical, regulatory, sizing, specs, markets)
“Interconnection, Storage, and Demand Flexibility could save consumers up to £8 billion a year by 2030 and secure the UK’s energy supply for generations …. There are a number of providers of domestic scale storage, from companies such as Tesla and Moixa” UK Gov report “Smart Power”
Global MarketGrowth Sector
o Distributed storage is key to maintaining reliable grid due to intermittent solar and wind. Increasing renewable generation drives extreme prices eg. Nov 2015 peak of £2,500 MWh !
o UK is one of the best markets for emerging Grid Services and aggregation. National Grid identify 26 different services for storage ~£1bn pa rising to £2.5bn. Value shift to integrated systems and services
o Solar Feed-In-Tariff removed à Solar + Storage
o Battery cell pricing continues to drop
o UK Retail energy prices rising: GB Energy announced 30%! (Brexit, Oil, Imbalance costs)
UK MarketEnergy storage at tipping point
EVLithium-IonBatteryPackPrice
SolarCostReductionandInstallationGrowth
Source:Bloomberg NewEnergyFinance
Battery CostsFalling like Solar
“We have to date found Moixa Technology to be a responsive partner, and are impressed with the innovative solutions that they have developed. We conducted an extensive research exercise to look at the storage systems available in the UK and found Moixa to be one of the most cost-competitive systems on the market, well designed for UK residential applications, and the only one offering the aggregation platform customized for the UK market that we have identified.” UK Marketing Director
“… is pleased to be partnering with Moixa on a Smart Energy Islands opportunity which is expected to commence in 2016. Moixa is a leader in the domestic energy storage market, and their Maslow aggregation platform will be a key part of the proposed solution.” Manager X Energy Group
“We've partnered with Moixa on the ERIC project and been impressed with their innovative approach to commercializing domestic storage. Their focus and expertise will ensure the Moixa platform is at the forefront of the energy-storage market.” Innovation Programme Team Manager
Multinationalcurrentlyconfidential
PartnersFeedback
• Shift solartopeak, accesssmarttariffs• Masshousing: retrofit &newSolar+Battery• Yield enhancement (legacy,O&Mwith
storage.Upliftbookvalue/refinance.
SolarReturns>-£5bn
Assets(2020)
MoixaSm
artBattery&Io
TGrid
Platfo
rm
• GridShare managesstorageforgridservices• Utilityarbitrage,ToUsmartoffers,term• Network&infrastructuresavings• Gridbalancingservices
Storageasinfrastructure
£8bn paSavings
(‘SmartPower”Moixa+Tesla’)
AssetArea Moixa propositionandofferings Size/ ref
• Storageinto PPA,PAYS,ESCOoffers• ModularHousing:Storage/PV /DCLighting• SocialHousing - uplift,Energiesprong, ESCO
EnergyasService
Energy assetsinHousing> £5-25bn
• Refocus ~500bnUKliabilitythatgoestoenergycostinretirement>serviceannuities
• Annuity swap&DBBulkenhancement• Betterreturns(efficiency, term,PPA)
EnergyPensions
> £5Trn EUinverseLDIBNEFFiRePM - NFF
Supporting storage and consumer Energy
Control Dashboards
