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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 €

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EC-Contrib. €

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Partnership

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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 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.

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