Objective Raycatch Ltd. is an Israeli SME that has developed DeepSolar, the first complete automated solar diagnostics tool in the market that provides predictive optimization, quantifiable insights and pinpointed actions. Current PV plants’ monitoring systems can detect a series of standard failures but have a limited resolving accuracy of around 10%. This results in a reduction of the global performance of the plants what in average accounts for 15% of loses of the potential IRR for the owners, which translates into €500,000 annually and up to €12.5 million over the whole lifetime of the plant. Currently, high-accuracy (1%) determination of the exact root cause requires a manual physical check in the field down to the panel level with the associated labour cost of typically €500 per day over many days. DeepSolar tackles this problem thanks to its in-depth automated and continuous diagnostics system that provides full understanding and data-driven maintenance tasks. Based on Artificial Intelligence and signal processing algorithms, DeepSolar gives (i) a very accurate low-error-rate breakdown of performance reduction sources, (ii) root cause analysis, which in turn will allow pinpointed actions to reduce this variation significantly, what turns into an increase of performance of low-performing PV field parts. Raycatch does not need additional hardware like sensors or data loggers, a key characteristic to boost its commercialisation. DeepSolar enables the identification and accurate diagnostic of the PV field together with actions to be taken in order to optimize the plants yield, all this on-going, automatically, and without human interpretation. We estimate the total Addressable Market for AI based solar diagnostics to be €100 million in 2020 and €500 million in 2024. Raycatch’s technology will revolutionize the PV monitoring market by closing the gap of performance differences of PV plants. Fields of science natural sciencescomputer and information sciencesartificial intelligenceengineering and technologyelectrical engineering, electronic engineering, information engineeringelectronic engineeringsignal processingengineering and technologyelectrical engineering, electronic engineering, information engineeringelectronic engineeringsensors Programme(s) H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy Main Programme H2020-EU.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT) H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument Topic(s) SMEInst-09-2016-2017 - Stimulating the innovation potential of SMEs for a low carbon and efficient energy system Call for proposal H2020-SMEInst-2016-2017 See other projects for this call Sub call H2020-SMEINST-1-2016-2017 Funding Scheme SME-1 - SME instrument phase 1 Coordinator RAYCATCH LTD Net EU contribution € 50 000,00 Address 13 HATNUFA STREET 2066725 YOQNEAM Israel See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes 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
