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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.

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

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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