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SOLENCO

Market study for Solenco Power Box, a zero-carbon small-scale local energy storage product. Potential application as missing link in residential PV uptake (residential and commercial buildings)

Total Cost €

EC-Contrib. €

Partnership

Views

Outcomes and
results

SOLENCO project word cloud

Explore the words cloud of the SOLENCO project. It provides you a very rough idea of what is the project "SOLENCO" about.

fossil generation fluctuations penetration shift price 100 renewable additional market proposition wind elaborated stabilizing independent small decentralized family invest pv convince spb fund local fuels energy spbtm mass missing prices link tm instrument validate hydrogen model equity sme commercialization central hence capital plan buildings grid commercial eliminates combination households prioritize supply insurance business investors rising solar financial storage sources box power solenco device homes residential

Project "SOLENCO" data sheet

The following table provides information about the project.

Coordinator	VANDENBORRE ENERGY SYSTEMS NV Organization address address: DE MEERE 10 city: KASTERLEE postcode: 2460 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.
Coordinator Country	Belgium [BE]
Project website	http://www.vdbenergy.com/
Total cost	71˙429 €
EC max contribution	50˙000 € (70%)
Programme	1. H2020-EU.3.3. (SOCIETAL CHALLENGES - Secure, clean and efficient energy) 2. H2020-EU.2.3.1. (Mainstreaming SME support, especially through a dedicated instrument)
Code Call	H2020-SMEINST-1-2015
Funding Scheme	SME-1
Starting year	2015
Duration (year-month-day)	from 2015-07-01 to 2015-10-31

Partnership

Take a look of project's partnership.

#	participants	country	role	EC contrib. [€]
1	VANDENBORRE ENERGY SYSTEMS NV VANDENBORRE ENERGY SYSTEMS NV Organization address address: DE MEERE 10 city: KASTERLEE postcode: 2460 website: n.a. contact info title: n.a. name: n.a. surname: n.a. function: n.a. email: n.a. telephone: n.a. fax: n.a.	BE (KASTERLEE)	coordinator	50˙000.00

Map

Project objective

The SOLENCO POWER BOX TM (SPB) eliminates the uncertainty in supply and cost of energy for family homes and commercial buildings by using small-scale energy storage based on hydrogen technology, in combination with renewable energy sources (wind and solar PV). The SPBTM is a Decentralized Power Production & Storage Device and enables a shift in the energy model from central distribution to local generation and distribution while stabilizing the grid and hence enabling higher penetration (up to 100%) solar PV energy. The product enables EU households to be 100% independent from the grid and 100% independent from price fluctuations in fossil fuels. It is the missing link for mass uptake of residential PV solar and your insurance against rising energy prices.

The goal of Phase 1 of the SME instrument is to define, prioritize, and validate the application, value proposition and target market(s) for the product to draft an elaborated Business and Financial Plan. The objective is to use this Business and Financial Plan to convince potential investors to invest additional equity capital in the SPBTM to fund the mass-production and mass-commercialization of the product.

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The information about "SOLENCO" are provided by the European Opendata Portal: CORDIS opendata.