Periodic Reporting for period 1 - GREEN EPILE (Green Epile: Development and implementation of a new generation of energy piles)
Berichtszeitraum: 2016-05-01 bis 2016-08-31
We have performed a Feasibility Study in which the viability of the project has been confirmed after reviewing all the relevant technical, commercial and financial aspects. It also has allowed us to define the work plan and to estimate the project budget, which will be mostly covered by the SME Instrument grant. An in-depth FTO analysis has also been carried out. After the execution of the project, our solution will be launched to the European markets.
2. Market Analysis: A very detailed market analysis have been performed showing that our solution has a big market opportunity. Besides our home market (France) we will start deploying GREEN EPILE in Belgium and East European countries such as Slovenia, Croatia and Romania.
3. Partnerships: we are very close to sign an agreement with a company with expertise in thermal design to found a consortium for the Phase 2.
4. FTO analysis: No FTO arises within Europe regarding the commercialization of GREEN EPILE. Depending on the results obtained during the execution of Phase 2 we will decide the way to protect our solution.
5. Business plan: A strategy based in a gradual market introduction in different European countries has been planned. Different scenarios have been described in order to follow up the development of the sales. A conservative sales scenario forecasts a revenue of €22 million for 2023.
Additionally GREEN EPILE represents the opportunity for PINTO to become an international company with activity in different European countries. With this project, we will contribute to the reduction of energy consumption within the building sector. The economic benefits for the end users are also important as expenses associate with HVAC systems will be reduced to almost zero.