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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.

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

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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