news 
Title: Moonwatt Secures $8.3 Million to Amplify Solar’s Sustainability with Sodium-Ion Storage
Moonwatt, a startup focused on optimizing the performance of solar energy systems, has announced it has secured an impressive $8.3 million in funding. This investment will be used to further develop its innovative approach to integrating sodium-ion storage with solar power.
According to Rota, Moonwatt’s CEO, the company is shifting its focus solely onto solar energy due to the technology’s attractive economics and widespread adoption. By specializing in this area, the startup can optimize its design choices to help solar plants maximize their energy output while minimizing costs.
One key strategy for achieving this goal is by reducing the overall cost of solar energy systems by eliminating the need for medium-voltage transformers and instead using low-voltage cables to connect the solar panels directly to the storage unit. This approach not only reduces the initial investment required but also allows the system to be more efficient in its energy usage.
Moreover, Moonwatt is aiming to transform solar plants from developers with a feed-in tariff into energy traders with flexible assets. By leveraging this innovative technology, these plants can adjust their energy production according to market demand, thus increasing their profitability and value.
The $8.3 million injection will be used to scale up the development of its sodium-ion storage technology and further optimize it for use in combination with solar power systems.
