Project description
Innovative platform for electric vehicle charging
Solar Bank is a virtual energy trading IT platform that connects photovoltaic (PV) solar energy and the charging stations for electric vehicles (EVs). Solar Bank has bought Guarantees of Origin (GO) from the producer to sell to the consumers. The platform implements algorithms assessing the PV electricity and GO costs according to the needs of PV plant owners and EV charging station managers. The platform allows the reduction of transmission and distribution inefficiency by 50 %. The EU-funded Solar Bank project will deliver a complete business plan during the SME-Instrument Phase 1, developing the final product and extending the solution validation in two medium-sized European cities before entering the European market.
Objective
"Solar Bank is a virtual energy trading IT platform that links the solar energy produced by photovoltaic energy plant and the electricity consumed in Electric Vehicles charging stations. Solar Bank is the basis for the issuing of Guarantees of Origin (GO), that are bought by Solar Bank from the producer and sold to the consumers. Algorithms are implemented on the platform to connect the production to the consumption in the most efficient way (proximity logic) and to dynamically assess the PV electricity and GO costs, perfectly matching the needs of both PV plant owners and EV charging station managers. Solar Bank is conceived at a ""city-scale"" and its proximity logic allows a steep reduction of Transmission and Distribution inefficiency by 50%.
The IT platform has been validated in the city of Uppsala (Sweden), where 14 production nodes and 248 charging nodes are connected to the platform, attesting its potentiality and the appreciation of the End-Users. Moreover, Solelia IT solution is covered by copyright protection as a computer programme, and the ""Solar Bank"" brand is protected.
Now, the technology owner Solelia intends to develop the final product implementing a block-chain functionality for GO trading and extending the solution validation in two medium sized European cities (> 300,000 inhabitants), in order to definitely enter in the European market.
During the SME-Instrument Phase 1 project, Solelia will deliver a complete Business Plan, confirming the yearly subscription fee for end-users (photovoltaic plants and Electric Vehicles charging equipment owners) through a Customer Validation, extending the GO mechanisms analysis in all European countries, involving private investors, key stakeholders and potential customers, closing agreements with two European cities municipalities for the final product full validation.
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Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques.
- engineering and technologyenvironmental engineeringenergy and fuelsrenewable energysolar energy
- engineering and technologycivil engineeringurban engineeringsmart cities
- natural sciencescomputer and information sciencessoftware
- social sciencessocial geographytransportelectric vehicles
- natural sciencescomputer and information sciencescomputer securitycryptography
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Programme(s)
Funding Scheme
SME-1 - SME instrument phase 1Coordinator
11428 STOCKHOLM
Sweden
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.