SOLENCOProject ID: 683402
H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy
Market study for Solenco Power Box, a zero-carbon small-scale local energy storage product. Potential application as missing link in residential PV uptake (residential and commercial buildings)
Total cost:EUR 71 429
EU contribution:EUR 50 000
Topic(s):SIE-01-2015-1 - Stimulating the innovation potential of SMEs for a low carbon energy system
Call for proposal:H2020-SMEINST-1-2015See other projects for this call
Funding scheme:SME-1 - SME instrument phase 1
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.
EU contribution: EUR 50 000
DE MEERE 10