Project description DEENESFRITPL New software to help grow utility-scale solar farms Over the last 15 years, the photovoltaic (PV) industry has grown from a small group of companies and key players into a global business. The growth of the utility-scale PV solar industry, which generates solar power that is fed into the grid, is expected to reach 1 TW in 2022. This has resulted in a growing need for feasibility analyses in PV projects. The EU-funded pvDesign project is developing cloud-based software that will automate the utility-scale PV power plant feasibility analysis, design and basic engineering process. The aim is to provide automatic financial and production reports that make it easier, faster and more accurate to calculate investment requirements and prevent losses. Show the project objective Hide the project objective Objective The worldwide growth of utility-scale PV solar industry, expected to reach 1TW in 2022, has established the need for new tools to absorb the exponential amount of feasibility analysis and to get enhanced design and basic engineering process of PV solar plants. Developing a PV project is a process involving many stages and requires valuable resources of engineer-man-hours. The lack of suitable PV design tools at feasibility level is boosting the interest generated by RatedPower in the PV solar industry. Our solution, pvDesign is a SaaS cloud-based tool that allows to automate the utility-scale PV power plant feasibility analysis, design and basic engineering process making it much faster (max 1h), accurate and reliable (errors reduction from 10% to 3.5%), thus boosting the efficiency of our target customer. The ultimate objective of designing and studying with pvDesign is to accelerate the best combination selection by making easier the work, also reducing the probability of miscalculations that risk the profitability of these large investments. Furthermore, it can provide a wider range of plant configurations in order to find the optimum one, so to prevent great investment losses over the initial years of the plant´s operation due to poorly done studies. pvDesign is the only system in the market focusing primarily on the feasibility analysis, design and basic engineering study of a PV utility-scale power plants. There is no similar product on the market that offers automatically production and financial reports along with all the necessary engineering documentation. Since May 2017, 25 companies from 10 different countries have already purchased pvDesign. From 2019 on, we will emphasise sales with the intention to become a market standard and pursue a total market share <50%. The project is highly lucrative with total sales in 2023 of €11 million, Cumulative Net profit €10 million, and ROI=5,51. The total number of jobs created in the period will be 65. Programme(s) H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs Main Programme H2020-EU.3. - PRIORITY 'Societal challenges H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies Topic(s) EIC-SMEInst-2018-2020 - SME instrument Call for proposal H2020-EIC-SMEInst-2018-2020 See other projects for this call Sub call H2020-SMEInst-2018-2020-2 Funding Scheme SME-2 - SME instrument phase 2 Coordinator RATED POWER SL Net EU contribution € 1 506 312,50 Address Calle general pardinas 45 bajo b 28001 Madrid Spain 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 Comunidad de Madrid Comunidad de Madrid Madrid 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 Other funding € 645 562,50
