The SOLENCO POWER BOX TM (SPB) eliminates the uncertainty in supply and cost of energy for family homes and commercial buildings by using small-scale energy storage based on hydrogen technology, in combination with renewable energy sources (wind and solar PV). The SPBTM is a Decentralized Power Production & Storage Device and enables a shift in the energy model from central distribution to local generation and distribution while stabilizing the grid and hence enabling higher penetration (up to 100%) solar PV energy. The product enables EU households to be 100% independent from the grid and 100% independent from price fluctuations in fossil fuels. It is the missing link for mass uptake of residential PV solar and your insurance against rising energy prices. The goal of Phase 1 of the SME instrument is to define, prioritize, and validate the application, value proposition and target market(s) for the product to draft an elaborated Business and Financial Plan. The objective is to use this Business and Financial Plan to convince potential investors to invest additional equity capital in the SPBTM to fund the mass-production and mass-commercialization of the product.

The project will deploy and demonstrate local storage technologies which have reached TRL 5-6 in a real electrical grid, and will develop ICT tools to exploit the synergies between them, the smart grid and the citizens. The demonstration in this real environment will be driven by five use cases covering low voltage and medium voltage scenarios and a wide range of applications and functionalities. Viable business models will be defined for the cases, and proposal for changes in regulations will be made. Dissemination and exploitation activities will ensure these results drive market uptake of storage technologies. The expected outcomes of the project are: - An energy management system to be used by the energy companies to manage the energy of their associates´ storage devices. - Control systems to integrate management and decision support tools that enable the integration of renewable generation, forecasting and storage systems into the smart-grid. - Innovative storage solutions: • HESS (Hybrid Energy Storage System – Ultracapacitors + Li-ion batteries) • Second Life Electric Vehicle Batteries • Home Hybrid technologies (Ultracapacitors + Li-ion batteries) - Business models to allow easier deployment of energy storage technologies into the electricity market - Proposed changes to regulators in the social and economic areas in order to lower barriers to the deployment of distributed storage for the defined use cases. - Life Cycle Assessment / Life Cycle Cost of the storage systems used in the project The project will achieve topic expected impacts and also environmental and socioeconomic impacts, like carbon emissions reduction and lowering the EU dependency of fossil fuels. The project gives Energy Services Companies (ESCO) a main role in the deployment and exploitation of storage solutions. The consortium foresees the creation of an ESCO to exploit demonstrated business models after the project. The consortium is designed to meet the requirements of this innovation action, with strong industrial members, innovative SMEs, research organizations, experts, DSO and a follower smart-city. This consortium is capable of bringing innovative technologies to socioeconomically viable solutions.