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The most profitable Solar collector on the market to supply Heat and Electricity

Project description

Let the sun shine on new hybrid panels

Solar energy has not been widely adopted by Europe’s building sector despite initiatives promoting nearly zero energy buildings. There is potential to reverse this trend. More than three quarters of EU buildings are inefficient and need refurbishment actions. The EU-funded SHE project aims to bring the most profitable solar collector to the market. Already leading sales in Spain with 2 000 hybrid solar panels installed, the technology will be developed and expanded further. The SHE collector enables a single hybrid solar panel to generate the same energy as five photovoltaic panels. Moreover, it makes it possible to generate electricity and hot water simultaneously.

Objective

Buildings are responsible of 40 % energy consumption in Europe. In spite of EU policies to reach the goal of 32% renewable energy by 2030 and to promote the standards of nearly Zero Energy Buildings, solar energy is not massively installed as expected in building sector. Potential is huge: more than 75% of building stock is inefficient and need refurbishment actions. However, solar thermal heat (for sanitary water and space heating mainly) and solar photovoltaic electricity compete for space in rooftop. Abora Solar is a company specialized in designing, developing and manufacturing hybrid solar collectors, which simultaneously provide heat and electricity. Our goal is to bring to the market the most profitable solar collector: this is SHE. We are sales’ leader in Spain with nearly 2,000 hybrid solar panels installed. However, present technology’s limitations of hybrid solar panels do not allow to reach high temperatures as solar thermal collectors and costs are too high to fulfil the willingness to pay from most of the customers: 5 years payback. We have patented a breakthrough innovation that completely changes the structure and manufacturing process of hybrid solar panels, allowing us to simultaneously increase energy efficiency and reduce costs. With SHE collector we can provide 5 year payback and supply 5 times more energy than a photovoltaic panel. We face the market of solar heat in buildings and industries, valued in € 195 billion in 2025 with nearly 450 million solar collectors installed, which additionally always requires electricity for other uses. Abora Solar ask for EIC Accelerator Pilot grant to finalise the development of our solar panel and the manufacturing line to accelerate the market launch in 2021. Our goal is to achieve 50,000 panels manufactured in Europe and sold worldwide in 2025.

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Keywords

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Programme(s)

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Topic(s)

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Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

SME-2 - SME instrument phase 2

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-EIC-SMEInst-2018-2020

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Coordinator

ABORA ENERGY SOCIEDAD LIMITADA
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 1 960 084,35
Address
POLIGONO INDUSTRIAL CENTROVIA C/BUENOS AIRES 117
50196 La Muela - Zaragoza
Spain

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Noreste Aragón Zaragoza
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 2 800 120,50
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