Moonwatt guarantee $ 8.3 million in Solar’s Gay Power with sodium ion storage
The motivation continues to remove carbon in our economies through energy electrification and clean energy in generating momentum around battery technologies, as storage has a major role in enabling green transition. While renewable energy sources are clean energy sources compared to burning fossil fuel, their energy production is not always consistent. In the case of solar energy – which has witnessed a huge rise in publishing operations in recent years – as soon as the sun stops the analogy of the photovoltaic cells, the generation of electricity is stopped.
One of the solutions to regulate the contrast of solar plants is the storage of energy when there is an abundance (during daylight hours). In this way, the energy stored at other times can be provided, including offering periods of higher demand – which are also, usually, later in the day when sunlight is less.
MoonwattA clean technical company that was established in September last year in the Netherlands is working on the battery -based energy storage system that is employed with solar power plants, and has been improved, to help them manage this contrast. The team designed dedicated battery devices, reflective power electronics to connect to the network and the necessary program to integrate and manage the storage system.
An young company says its approach will enable solar factories to increase their revenues through the ability to sell more solar energy (including when the energy price is more attractive) and reduces costs at the factory level because the design exchanges some electrical infrastructure. The targeted solar factories are those that produce at least a few hundred kilometers of energy – so it is basically anything other than the residential PVs.
It is worth noting that the Moonwatt system is being built by sodium cells for batteries that will store solar energy. This technology provides an attractive alternative to lehium ion because production depends on cheaper raw materials (and easier in the source, which helps to decrease costs.
Although sodium Ion batteries can face the challenges of size and weight because they are low-density of lithium ion cells-which makes some difficult applications (such as EVS navigation, where the weight is an important consideration)-technology was gaining power as a low-cost storage option for renewable energy sources where the conditions are more convenient, given that these fixed fixtures in locations with a large group of Tools.
Get more juice from PV
The Moonwatt Stadium to solar power plants is that their power storage system allows them to increase their capacity to 80 %. Plants in which you buy will be able to double the internal return rate (IRR), as well as suggest.
“So in AAA [credit-rating] Country, I would like to say average photovoltaic [photovoltaic] The assets are present, let’s say returning from 8 % to 12 % – IRR – and we will raise the original to about 20 %. “
The founding trio met the startup – along with the CEO of Zukui Hu and CTO Guillaume Mancini – while working on Tech Battery for Tesla for nearly a decade. They have been working together since then in various employers and across various projects, including acquiring solar storage experience on a small scale outside the network.
“We have started to see this application first starting with what we call small networks, so it is usually a small network resistant to the network,” he says Rota. “But with the low cost of batteries and the cost of storage in reality, these applications began to reach the largest countries on larger networks, which are really driven by the basic speed of solar energy.”
The founders have been working together in the FreyR (since its reincarnation as Ti Energy). Once they see the costs move in the right direction, Rota says that the spark is to create Moonwatt – which was called active play on “Moonshot”, we assume – you realize that it can combine their knowledge of battery devices and the application of battery technologies to operate solar storage gains.
“We have realized that this application – solar storage – is the backbone of the future global power network, but there is no product designated for it yet,” he says. “This is what is about moonwatt: it is related to the work of the first product for storing solar energy batteries.”
As the globally produced solar energy is continuing to increase the startup bet, the industry will start searching for a dedicated storage instead of doing the “Cookie Cookie Cut” product.
“Large differentials” in Moonwatt, for all ROTA, include the use of sodium battery technology-which says it provides better expansion, reduce costs, and reduce carbon horizons from Li-Ion.
Their storage system design also uses a distributed structure (instead of being central), which makes it easier for plants to integrate them, he says. He also says that the approach they take allows more efficiency and reduce the cost of the electricity that can be sent thanks to the connection of storage is much closer to the panels that are at the height of the output.
“Our comprehensive goal, using these three features, is to reduce the cost of electricity from these transmitted solar plants.”
Funding seeds to skip the gas
Although it is still early for this work (only) for months and its model product, MoonWatt has now closed the seed financing round of 8 million euros (about $ 8.3 million in current exchange rates) to intervene in gas and obtain its storage technology to the market-starting from an experimental installation that is planned somewhere in Europe next year. Then they expect to be in a position allowing them to perform the first commercial publications in 2027.
The seed tour is led by DAPHNI and Lea Partners, with the participation of Future and AFI Ventures (by Ventech) and Kima Ventures, along with commercial angels and customers.
Commenting in a supportive statement, Paul Pazin, the partner in Dafni, notes that the Monawat approach is “the penetration of the industry was lost.”
He said: “Renewable energy growth has exceeded all expectations, but we are approaching the turning point as it will not be able to expand more without storing better energy.” “It was created by the inventors of the industry warriors, and Moonwatt solves this with a different storage product specially designed for solar energy.”
“We are very ambitious to be a player in Gigawatt, a large -scale player because we want to affect,” as Rota tells us. “With the scale comes the costs. We know that in this industry, this work is driven by the bottom, so we must be competitors of the cost.”
Rota says that the decision to focus on solar energy is summarized in the attractive economy and the vast absorption of this type of renewable energy.
“The solar energy is interesting because it – at a cost per hour of MB – is very competitive and gets more,” he noticed. “But also solar energy is more everywhere. It is published in more than 120 countries per year.”
Improving only for solar energy means that startup can fully focus on taking design options aimed at helping plants to get the most of their assets, including when it comes to reducing the costs of connecting their energy to the network.
“We look forward, the way to limit [solar energy] The costs are by reducing the total balance of the factory costs. So you need to reduce the number of transformers cables, etc., and the way you do is to be associated with solar energy and storage, not at the level of medium voltage, but in fact at the low voltage level – beside each other. “
By doing this, they share the same electrical infrastructure to connect to the network. And if we expand the width range to the country level, this improving the use of the network capacity is also something to do. Because, today, the solar energy factory itself uses its ability on the network only about 20 % of the time, but when it adds a storage capacity behind the meter, you can really change the use of energy around you so that you can benefit more efficient than this network. “
He adds that emerging business on hand revolves around helping solar factories to shift from being developed with nutrition in customs tariffs – “almost” – to become traders of energy with flexible origins.
