Solar Bank

Project "Solar Bank" data sheet

The following table provides information about the project.

 Partnership

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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. '