In 2018, Itochu invested in and partnered with Moixa to deploy residential energy storage systems in Japan. The Japanese trading company claimed it was deploying around 1,000 units monthly. By the end of 2019, Moixa reached the milestone of 10,000 residential batteries under management in Japan, translating into an aggregated battery capacity of around 100 MWh. By mid-2020, Itochu poured additional capital into Moixa, and the partners announced they had reached 20,000 aggregated residential batteries – doubling the number of installations in just six months.
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