Business Creation
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SOLbazaar by SOLshare

Create a network. Share electricity. Brighten the future

SOLbazaar by SOLshare logo

LM Tower (2nd Floor), Joar Shahara Bazar Road Vatara, Ka/87, 1229 Dhaka, Bangladesh

Country:

Germany

Thematic field:

Smart Electric Grid

Market segment:

Off GRID

The start-up

While having worked as a consultant for many years around the globe with the goal of bringing together microfinance and decentralized energy supply, as well as dwelled into scientific research throughout his PhD on the role of energy in development processes, Dr. Sebastian Groh was exposed to a variety of innovative energy solutions, and their shortcomings. He was most amazed by the solar home system program in Bangladesh with 85,000 systems installed in the single month of November 2014 when he first came there.

The need

Bangladesh serves over 6 million households with Solar Home Systems (SHS). Inherent system design leads to USD 1 billion in excess energy from those SHS every year, while millions of people still lack access to reliable electricity.

The solution

SOLshare has created the world’s first peer-to-peer energy exchange network of SHS, enabling a more efficient distribution of electricity across rural communities. SOLshare’s energy exchange platform model allows households to act as prosumers. One household can sell excess power into the microgrid network, where neighbouring households or businesses can buy it in small increments using mobile money.

The value proposition

  • The SOLgrid, a peer-to-peer solar micro-grid.
  • The SOLbox, a smart bi-directional meter and the point of interconnection allowing users to buy and sell energy.
  • The SOLapp, a user android app that allows SOLshare to design its grids through GPS locations.
  • The SOLweb, backend data infrastructure which shows energy consumption and exchange data in real-time.