Objective The SOLENCO POWER BOX TM (SPB) eliminates the uncertainty in supply and cost of energy for family homes and commercial buildings by using small-scale energy storage based on hydrogen technology, in combination with renewable energy sources (wind and solar PV). The SPBTM is a Decentralized Power Production & Storage Device and enables a shift in the energy model from central distribution to local generation and distribution while stabilizing the grid and hence enabling higher penetration (up to 100%) solar PV energy. The product enables EU households to be 100% independent from the grid and 100% independent from price fluctuations in fossil fuels. It is the missing link for mass uptake of residential PV solar and your insurance against rising energy prices.The goal of Phase 1 of the SME instrument is to define, prioritize, and validate the application, value proposition and target market(s) for the product to draft an elaborated Business and Financial Plan. The objective is to use this Business and Financial Plan to convince potential investors to invest additional equity capital in the SPBTM to fund the mass-production and mass-commercialization of the product. Fields of science natural scienceschemical scienceselectrochemistryelectric batteriessocial sciencespolitical sciencespolitical policiescivil societynongovernmental organizationssocial scienceseconomics and businessbusiness and managementbusiness modelsengineering and technologyenvironmental engineeringenergy and fuelsrenewable energyhydrogen energy Programme(s) H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy Main Programme H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument Topic(s) SIE-01-2015-1 - Stimulating the innovation potential of SMEs for a low carbon energy system Call for proposal H2020-SMEInst-2014-2015 See other projects for this call Sub call H2020-SMEINST-1-2015 Funding Scheme SME-1 - SME instrument phase 1 Coordinator VANDENBORRE ENERGY SYSTEMS NV Net EU contribution € 50 000,00 Address De meere 10 2460 Kasterlee Belgium See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Vlaams Gewest Prov. Antwerpen Arr. Turnhout Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 71 429,00