say good bye to solar power wastage
TRANSCRIPT
SAY GOOD BYE TO SOLAR POWER WASTAGE
CHALLENGE
1-phase PV
inverter
Rooftop PV system
Electricity
meter
Sunny days
Solar power wastage
SOLAR POWER WASTE
10% OF SOLAR POWER WASTED
January
February
March
April
May
June
July
August
September
October
November
December
Solar Energy
Solar Production energy Solar Wastage energy
MARKET VALIDATION
Yes
16%No
34%Can’t say now
50%
Have you ever noticed that your solar panel installation delivers zero power during a sunny day?
Solar Power Wastage
Solar Power Wastage
Did you complain about this problem and whom?
Installer
3%DSO
7%No
47%Skip
40%
Source: https://www.surveymonkey.com/r/WTF88C3
GLOBAL COVERAGE
“Wind and solar curtailment jumps as renewables reach record levels”
8 Nov 2018, Australia
“Dutch networks are increasingly faced with too little capacity on their networks to accommodate the electricity from the solar”
29 Mar 2019, The Netherlands
“Renewable Energy Curtailment in Japan”
9 Apr 2019, Japan
“NREL projects annual solar energy curtailment”
7 Jan 2019, USA
“Spanish system operator REE expects an estimated curtailment of wind and solar by 4% for 2020”
20 Oct 2015, Spain
“Up to 10% of renewable energy production are affected due to curtailment”
20 Jan 2020, UK
GLOBAL COVERAGE
THE PROBLEM
Residential PV installations fail to produce power on a number of sunny days leading to solar power waste
Solar power waste leaves the prosumers helpless to bear the loss of ROI, device & premise safety concern
Panel efficiency degrades 2X faster than normal & panel lifetime reduces by 3 years
SOLUTION
SOLUTION
SOLUTION
Intelligent system off-grid/on-grid
Online portal
Safest Li-ion battery
We take care of environment
Cloud-based platform
VALUE ADDITION
Reduce solar power wastage
Maintain panel lifespan & efficiency
A patented IoT based battery storage solution with powerful AIsoftware suite to prevent solar wastage
Produce More, Earn More
PROTOTYPE
MARKET
MARKET SIZE
100 B€+ /20 Million+
PV installation2 B€+ /400K+
PV curtailment
Residential PV installation (Global*)
Total Available Market (TAM)
Source: IRENAGlobal* US, Europe, Australia, UK, Japan
PV CurtailmentServiceable Available Market (SAM)
Source: NREL, DNV GL
PV installation + FlexThor37 M€ / 10K FlexThor
BUSINESS
BUSINESS MODEL
APC + FCR + self consumption + panel
lifespan saving
Software
Hardware
PV/battery Installer
Prosumers
COMPETITORHighest ROI
Lowest ROI
AffordableExpensive
COMPETITIVE ADVANTAGE
1st in marketSolar power
wastage handling company
Grid balancingParticipate in
frequency support to earn
more
Plug and playEasy installation
& modular in nature
Attractive ROIFaster
payback
IN THE NEWS
Ranked #1 among global 60 startups in prosumers support solutions
Among Top 100 in EU funded PARSEC accelerator open call 1
CALL FORACTIONS
CALL FOR ACTIONS
▪ Financial investment support▪ Angel Investors
▪ Accelerators
▪ Venture Capitals
▪ Future investment support after successful pilot for product launch
INVESTMENTS PARTNERSHIPS
▪ Business partnership with▪ Battery storage system integrators
▪ Solar system installer
▪ IoT solution provider
▪ Energy storage aggregators
▪ Support pilot projects
LET’S WORK TOGETHER TOWARDS A SUSTAINABLE FUTURE
FLEXTHOR
Mohammad Meraj Alam
Co-inventor, Co-promotor
VITO/Energyville, Energy Technology
M +32 466 14 99 79
“Find me outside the auditorium for more discussion”