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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.

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

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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