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energy storage systemTechCrunch
•Technology
Technology
76% Informative
Moonwatt is working on a battery-based energy storage system that’s co-located with, and optimized for, solar power plants to help them manage this variability.
The Dutch startup says its approach will enable solar plants to increase their revenue by being able to sell more solar energy (including when the price of energy is more attractive).
Moonwatt has closed an 8 million seed funding round to get their storage tech to market.
The startup hopes to connect storage much closer to panels that are at peak output to reduce the cost of electricity.
They expect to be in a position to do their first commercial deployments in 2027 .
Rota says the decision to focus on solar energy boils down to attractive economics.
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