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Solar Bank

Virtual Energy Trading IT System to couple photovoltaic production and electric vehicles charging.

Total Cost €

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EC-Contrib. €

0

Partnership

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 Solar Bank project word cloud

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

enter    248    efficient    sold    dynamically    logic    connected    chain    block    validation    intends    inhabitants    electric    investors    steep    protection    cities    consumers    fee    subscription    proximity    sweden    bank    medium    solution    platform    full    appreciation    customers    producer    copyright    business    municipalities    issuing    inefficiency    instrument    nodes    stations    complete    pv    virtual    city    matching    private    300    links    yearly    definitely    mechanisms    conceived    connect    charging    uppsala    plant    vehicles    implementing    final    protected    customer    50    solar    plants    market    electricity    owner    basis    agreements    countries    14    computer    sized    station    covered    closing    bought    sme    validated    plan    origin    ev    perfectly    confirming    consumption    potentiality    stakeholders    photovoltaic    algorithms    gt    brand    guarantees    owners    trading    energy    solelia    transmission    attesting    managers   

Project "Solar Bank" data sheet

The following table provides information about the project.

Coordinator
SOLELIA GREETECH AB 

Organization address
address: VALHALLAVAGEN 79 C/O INNONERGY
city: STOCKHOLM
postcode: 11428
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 Sweden [SE]
 Project website https://www.solelia.se/
 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 2018-06-01   to  2018-11-30

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    SOLELIA GREETECH AB SE (STOCKHOLM) coordinator 50˙000.00

Map

 Project objective

'Solar Bank is a virtual energy trading IT platform that links the solar energy produced by photovoltaic energy plant and the electricity consumed in Electric Vehicles charging stations. Solar Bank is the basis for the issuing of Guarantees of Origin (GO), that are bought by Solar Bank from the producer and sold to the consumers. Algorithms are implemented on the platform to connect the production to the consumption in the most efficient way (proximity logic) and to dynamically assess the PV electricity and GO costs, perfectly matching the needs of both PV plant owners and EV charging station managers. Solar Bank is conceived at a 'city-scale' and its proximity logic allows a steep reduction of Transmission and Distribution inefficiency by 50%. The IT platform has been validated in the city of Uppsala (Sweden), where 14 production nodes and 248 charging nodes are connected to the platform, attesting its potentiality and the appreciation of the End-Users. Moreover, Solelia IT solution is covered by copyright protection as a computer programme, and the 'Solar Bank' brand is protected. Now, the technology owner Solelia intends to develop the final product implementing a block-chain functionality for GO trading and extending the solution validation in two medium sized European cities (> 300,000 inhabitants), in order to definitely enter in the European market. During the SME-Instrument Phase 1 project, Solelia will deliver a complete Business Plan, confirming the yearly subscription fee for end-users (photovoltaic plants and Electric Vehicles charging equipment owners) through a Customer Validation, extending the GO mechanisms analysis in all European countries, involving private investors, key stakeholders and potential customers, closing agreements with two European cities municipalities for the final product full validation. '

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

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