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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.

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

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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