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VOLTCLOUD

VoltCloud: Bringing the power of the Cloud to a revolutionary renewable home battery

Total Cost €

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EC-Contrib. €

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Partnership

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 Outcomes and results

 VOLTCLOUD project word cloud

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

vanadium    renewable    shift    roles    billion    electricity    markets    home    landscape    positions    redox    arising    besss    instability    owners    storage    missing    added    installations    introducing    household    untapped    revolutionize    44    link    environmental    16    friendliness    vpp    voltstorage    suitable    incentives    job    integrate    intermittent    grid    revenues    million    managed    energy    first    pv    thrives    pvs    plant    voltcloud    plants    self    chain    economics    uk    2021    lower    21    doubling    munich    form    sw    stable    power    2    generating    redefined    2018    bess    durability    germany    addressable    centrally    solar    services    prices    clustered    unison    team    batteries    prepare    estimate    market    aggregators    portfolio    combined    later    economic    unfolding    nature    cloud    company    integrating    commercial    flow    innovative    safety    economically    run    solution    viability    battery    virtual    406    store    software    installed    photovoltaic    households    start   

Project "VOLTCLOUD" data sheet

The following table provides information about the project.

Coordinator		 VOLTSTORAGE GMBH 

Organization address
address: GMUNDER STRASSE 37
city: MUNCHEN
postcode: 81379
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 Germany [DE]
 Project website https://voltstorage.com/
 Total cost 71˙429 €
 EC max contribution 50˙000 € (70%)
 Programme 1. H2020-EU.3. (PRIORITY 'Societal challenges)
2. H2020-EU.2.3. (INDUSTRIAL LEADERSHIP - Innovation In SMEs)
3. H2020-EU.2.1. (INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies)
 Code Call H2020-SMEInst-2018-2020-1
 Funding Scheme SME-1
 Starting year 2018
 Duration (year-month-day) from 2018-05-01   to  2018-08-31

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    VOLTSTORAGE GMBH DE (MUNCHEN) coordinator 50˙000.00

Map

 Project objective

The Battery energy storage system (BESS) is considered as the missing link in the household Photovoltaic (PV) system value chain in the new renewable energy landscape, where the roles of households and Grid are being redefined and challenging issues (household PV economic viability and Grid instability, related to the intermittent nature of solar energy) are arising. Integrating a PV system with a BESS enables: (a)PV owners to store the self-produced electricity for later use and lower their costs given the shift in economics of BESS (incentives, prices) and (b) the Grid to become stable, as solar energy is included in a controlled way, via virtual power plants of BESSs aggregators. We, VoltStorage GmbH are an innovative start–up company based in Munich, who aims to revolutionize the BESS sector by introducing a novel Vanadium Redox Flow Battery suitable for home use with cloud capabilities. Our VoltStorage Battery is combined with cloud-based energy management software, the VoltCloud SW. Clustered BESS managed in unison by the cloud SW form the centrally controlled VoltCloud Virtual Power Plant (VPP) for offering services to the Grid. Our solution is characterized by high durability, safety, environmental friendliness and is the first economically viable home solution that thrives under the Cloud. With ~2 million PVs already installed in Germany, and having the UK and IT also as target markets, we estimate for 2018-2021 an addressable BESS market potential of ~ €2.6 billion and for the new integrated PV installations ~€1.16 billion. Moreover, Grid services markets have an untapped potential that is unfolding in the long run. The overall objective of the VoltCloud project is to integrate the VoltStorage Batteries with the VoltCloud SW and prepare the necessary commercial activities for exploiting the VoltCloud VPP. By 2021, we expect to have added 406 to our portfolio, generating €2.44 million revenues to our company and 21 new job positions (doubling our team)

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

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