OptiVerter SIGNED
Solving the triangle for solar mass adoption – Cost, Efficiency and Simplicity
Total Cost €
0EC-Contrib. €
0Partnership
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0OptiVerter 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.
Project "OptiVerter" data sheet
The following table provides information about the project.
| Coordinator |
UBIK SOLUTIONS OU
Organization address contact info |
| 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.
| # | ||||
|---|---|---|---|---|
| 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.
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