Published: 20 May 2021, 08:31
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Image: Tucson Electric Power.
20 May 2021: Mobile energy storage and 'power-as-a-service' startup Moxion looks to replace generators in construction industry
Investors including Energy Impact Partners contributed to a US$10 million Series A funding round closed by Moxion Power, a US manufacturer of mobile energy storage systems.
Aimed at industries such as construction which rely on portable, outdoor power systems, Moxion believes its equipment, which customers will be able to rent, will help replace fossil fuel generators.
Generators using diesel and other fossil fuels do not just contribute negatively to greenhouse gas emissions (GHGs), they also create air and noise pollution which harm not only communities nearby but also the workers that rely on them.