Two British entrepreneurs have been awarded a share of over GBP 5million to spur on innovation in energy storage.
Contracts have been awarded to REDT UK Ltd and Moixa Technology Ltd, as part of the Department of Energy and Climate Change’s (DECC) innovation competition to support energy storage research and demonstration. REDT UK Ltd has developed a technology to store electricity from wind turbines, and Moixa Energy Ltd has developed small battery-based storage units which could be installed directly into people’s homes to store power and re-use it at times of peak demand.