Moonwatt Secures $8.3M to Dial Up Solar’s Staying Power with Sodium-Ion Storage.
Moonwatt, a Netherlands-based clean tech startup, has raised €8 million in seed funding to develop an energy storage system optimized for solar power plants, utilizing sodium-ion battery technology. This innovative approach aims to enhance solar energy revenue and efficiency by allowing plants to store excess energy for later use, effectively increasing their capacity factor and returns on investment. With plans for pilot installations in Europe and commercial deployments by 2027, Moonwatt seeks to address the growing demand for specialized solar storage solutions amidst a surge in global solar energy production.
- The use of sodium-ion technology highlights a pivotal shift in energy storage strategies, potentially reshaping how solar plants manage energy and interact with the grid.
- As the solar market continues to evolve, what role will specialized storage solutions play in overcoming the challenges of renewable energy intermittency?