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Solar Bank

Virtual Energy Trading IT System to couple photovoltaic production and electric vehicles charging.

Total Cost €

EC-Contrib. €

Partnership

Views

Outcomes and
results

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.

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

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 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.	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.