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OptiVerter SIGNED

Solving the triangle for solar mass adoption – Cost, Efficiency and Simplicity

Total Cost €

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EC-Contrib. €

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Partnership

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 OptiVerter project word cloud

Explore the words cloud of the OptiVerter project. It provides you a very rough idea of what is the project "OptiVerter" about.

people    solution    shade    national    partnership    made    xl    small    time    technological    cagr    flexibility    culminated    capability    coveted    ripe    unconventional    incumbent    exists    market    cheap    business    adoption    efficiency    competitive    2022    grow    electronics    install    mainstay    energy    technologies    advantage    serves    accelerator    model    winning    triangle    mass    competition    b2b    projected    solutions    satisfy    power    uniqueness    segment    multiple    disrupt    shading    global    instalment    simplicity    enters    balcony    mlpe    estimates    module    gets    consists    position    industry    panels    sun    bottleneck    tolerance    35    microinverters    hightech    retains    comply    installations    kettle    combination    optiverter    conversion    locations    awards    inverters    option    wishing    powerup    recognitions    interests    rewarded    satisfied    plugging    micro    tolerant    25bn    niche    inherent    residential    buildings    reg    significantly    reaching    optimizers    solar    more    ubik    players    awarded    million    sales    installed    team    annual    progress   

Project "OptiVerter" data sheet

The following table provides information about the project.

Coordinator
UBIK SOLUTIONS OU 

Organization address
address: REGATI PST 1
city: TALLINN
postcode: 11911
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 Estonia [EE]
 Project website http://ubiksolutions.eu/S350
 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 2018-09-01   to  2019-02-28

 Partnership

Take a look of project's partnership.

# participants  country  role  EC contrib. [€] 
1    UBIK SOLUTIONS OU EE (TALLINN) coordinator 50˙000.00

Map

 Project objective

More people are looking towards solar as the best option to comply with EU energy efficiency targets for buildings. Therefore, time is ripe for solar to become a residential mainstay. However, to reach solar mass adoption – the triangle of solar should be satisfied.

The triangle of solar consists of simplicity, efficiency and cost. Today, solar panels satisfy the triangle, however a significant bottleneck exists in the industry for energy conversion (inverters) and instalment. The current solutions available satisfy, at best, two aspects. UBIK’s OptiVerter® technology gets the most out of the sun by making solar simple, cheap and shade tolerant. The OptiVerter® Technology serves as a unique combination of both incumbent MLPE technologies (Micro-Inverters & Power Optimizers). It retains the design flexibility inherent to microinverters and shading tolerance of power optimizers while being as simple as plugging in a kettle.

The global module level power electronics market is projected to grow significantly at 35% CAGR reaching €2.25bn by 2022. UBIK enters the market at a significant competitive advantage to the current solutions for the niche but growing segment of balcony solar. This is because of UBIK’s potential to disrupt Solar’s traditional business model (B2B) by offering the solution directly to people wishing to install solar on small-scale in unconventional locations (e.g. balcony).

UBIK Solutions’ team’s capability and technological uniqueness has been rewarded with multiple awards and recognitions. These range from winning the national PowerUP! competition to being awarded the highly coveted HighTech XL accelerator’s position. The progress made by UBIK has culminated in partnership interests by various key players in the MLPE market today.

UBIK Solutions estimates 35% of the new residential solar installed in Europe will use OptiVerter® technology for their balcony solar installations reaching €50 million in annual sales by 2022.

Are you the coordinator (or a participant) of this project? Plaese send me more information about the "OPTIVERTER" project.

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The information about "OPTIVERTER" are provided by the European Opendata Portal: CORDIS opendata.

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