SOLshare has created a revolutionary new approach to bring affordable solar electricity to everyone in Bangladesh and beyond. We believe that our smart peer to peer grids can be the future for energy utilities globally.
WHAT WE DO
At SOLshare we came up with a way for people to turn their excess solar electricity into money with zero hassle. It also enables them to purchase more power on the go whenever they want as well as they get to invest in more power generation and trade it off for a handsome return with minimal risk. This led us to install the world’s first cyber-physical peer-to-peer (P2P) solar sharing grids, and this of all places in remote areas of Bangladesh.
WHAT MAKES OUR WORK DIFFERENT
We connect solar home systems, monetizing excess solar energy in real time with mobile money and empowering rural communities to earn a direct income from the sun.
HOW WE DO IT
SOLshare has developed SOLbazaar, an IoT-driven trading platform which enables people to trade the excess solar energy generated by solar home systems. Consider the SOLbazaar as a dynamic energy marketplace where SHS-users (Solar Home System users) come to sell their excess energy to non-SHS-users, or people who can’t, unfortunately, afford a SHS for that matter. One party earns money, the other party finally gets access to affordable electricity. The energy sellers can also choose to keep the excess energy to themselves and rather utilize it to run extra appliances like a TV, fridge, or computer.
The SOLbazaar stands on its three pillars: the SOLbox, the SOLapp, and the SOLweb. SOLbox is a bi-directional DC electricity meter that enables peer-to-peer electricity trading, smart grid management, remote monitoring, mobile money payment and data analytics. The SOLbox enables the creation of a DC smart grid, integrating with existing hardware, such as a solar home system or battery and connecting this through the SOLbox with other SOLboxes in nearby homes or businesses.
The SOLapp manages customer portfolios taking user information and payment details into account. It updates accordingly with user activities and energy consumption. The information from these two pillars are then passed onto the third pillar, the SOLweb, where all the information is gathered and analyzed to understand system paradigms and irregularities..
The SOLbox, SOLapp and SOLweb together form the SOLbazaar, enabling one house to smoothly connect to another, eventually connecting to ten houses which then connect to hundreds of households- all possible due to the sharing nature of our trading platform. As the SOLshare network grows, it can connect with the national grid, operating in island mode when the grid is unavailable, and drawing power from the grid when it is available. This makes us ponder that the biggest taxi company in the world has no taxis, the biggest hotel company in the world has no beds, what will the energy utility of the future look like? You bet we know the answer.