Moxion targets construction with battery power sets

By Murray Pollok24 May 2021

Moxion Power, a California-based manufacturer of mobile energy storage systems, has raised US$10 million financing to develop its manufacturing capacity and power rentals business.

The funding will be used to upgrade its manufacturing operations and launch its first rental location in the San Francisco Bay Area in partnership with some major construction firms and electric vehicle fleet owners. The rental location is scheduled to open in the third quarter of 2022.

One of Moxion’s portable battery gensets.

The company, located in Richmond close to San Francisco, is now running pilot rental programs with several general contractors in California, including Turner, Swinerton, Webcor and DPR.

Moxion’s plan is to replace what it describes as “inefficient, heavily-polluting, fossil-fuel-burning generators” with its battery-based energy storage sets, and is targeting sectors such as construction, electrified transportation, events and entertainment, film production and telecommunications.

“Electrifying industries such as construction, which rely heavily on generators for temporary power, presents an enormous, unaddressed market opportunity,” said Paul Huelskamp, co-founder and CEO of Moxion Power.

Moxion is also planning to sell its battery technology to other equipment manufacturers.

Alex Meek, co-founder and President, said; “Manufacturing battery systems at near-automotive scale allows us to sell our core battery technology to construction OEMs at a competitive price per kWh.

“And by building the first and largest all-electric equipment rental company, we’re creating a viable go-to-market strategy and scalable sales channel for our OEM partners.”

Moxion said the rapidly declining costs of battery technology combined with federal government support for clean technologies and domestic manufacturing in the $2 trillion American Jobs Plan, creates a perfect storm for its products and business model.

“Rebuilding and modernising our nation’s infrastructure will result in significant private and public-sector demand for Moxion’s technology and services and create entirely new addressable markets for our products, such as EV [electric vehicle] fleet charging within the transportation and e-commerce industries”, said Huelskamp.

Moxion’s founders have backgrounds in battery engineering, vehicle electrification, renewable energy project finance, and construction.

NEWSLETTER
Delivered directly to your inbox, New Power Progress newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.



CONNECT WITH THE TEAM
Mike Brezonick VP, Power Division Tel: +1 262 754 4112 E-mail: mike.brezonick@khl.com
Alister Williams VP Sales Tel: +1 843 637 4127 E-mail: alister.williams@khl.com
Julian Buckley
Julian Buckley Editor Tel: +44 771 009 6684 E-mail: julian.buckley@khl.com
CONNECT WITH SOCIAL MEDIA
Latest News
Bauma debut for Sany mini excavator
Sany will be presenting its entire portfolio currently available in Europe at Bauma 2022
Hitachi to show zero-emission excavator at Bauma
The ZX55U-6EB is being shown alongside a range of equipment from the European manufacturer
Volvo Penta strengthens West Coast footprint
Anderson Industrial Engines to add three states