SOLshare, a Bangladesh-based energy tech company, has developed a renewable energy solution for remote rural areas of the country.
They provide solar power to the places, especially disaster-prone areas where electricity from the national grid is difficult.
Recently, a short film by Al Jazeera showed the activities of SOLshare, the concept of swarm electrification, the installation of the SOLbox, and the positive impacts it has on rural communities across the country.
According to the officials of the company, SOLshare connects solar-powered homes to the houses of neighbors who cannot afford a panel themselves.
SOLshare established a way for people to turn their excess solar electricity into money with zero hassle called SOLbazaar which enabled cyber-physical peer-to-peer (P2P) solar sharing grids, to prevent the waste of solar energy.
Sebastian Groh, managing director of SOLshare, said that they developed a system to purchase more power on the go whenever they want and they get to invest in more power generation and trade it.
This led to installing the world’s first cyber-physical peer-to-peer (P2P) solar sharing grids, and this of all places in remote areas of Bangladesh, he added.
According to an official, SOLshare introduced SOL bazaar, an IoT-driven trading platform which enabled people to trade the excess solar energy.
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, said the SOLshare official.
He also said that SOLbazaar stands on its three pillars – the SOLbox, the SOLapp, and the SOLweb.
In addition, 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.
Besides, 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, said the official.
The SOLapp manages customer portfolios taking user information and payment details into account. It updates accordingly with user activities and energy consumption.