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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.

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

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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