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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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 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.

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

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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