Prize 8K
Takes 0% equity
Funds 1 startup per year
Markets Energy Energy & Cleantech Energy Audits Energy Conservation Energy Efficiency +4
Invests in Europe North America Eastern Europe
The company
VERBUND is Austria's leading electricity company and one of Europe's largest hydropower electricity producers. In Austria, VERBUND has a market share of around 7 percent of the small customer segment, and in the industrial segment, the company is in the lead with about 20 percent. One of the subsidiaries is VERBUND Solutions, which takes care of special fields of innovation and develops services which are based directly with the client.

The Challenge
Objective: In the topic area of decentralisation, a major motivation for purchase decisions across all customer segments lies in pursuing a high degree of independence from the energy market, pertaining both to the energy itself and to the network. VERBUND is highlighting its positioning as a general solutions provider and supporting this customer wish by means of suitable innovative offerings.

In the private customer segment, prosumers in particular should be addressed, who already have their own production facilities...
The company
VERBUND is Austria's leading electricity company and one of Europe's largest hydropower electricity producers. In Austria, VERBUND has a market share of around 7 percent of the small customer segment, and in the industrial segment, the company is in the lead with about 20 percent. One of the subsidiaries is VERBUND Solutions, which takes care of special fields of innovation and develops services which are based directly with the client.

The Challenge
Objective: In the topic area of decentralisation, a major motivation for purchase decisions across all customer segments lies in pursuing a high degree of independence from the energy market, pertaining both to the energy itself and to the network. VERBUND is highlighting its positioning as a general solutions provider and supporting this customer wish by means of suitable innovative offerings.

In the private customer segment, prosumers in particular should be addressed, who already have their own production facilities in conjunction with the energy sector. For these customers, hard- and software solutions are being sought which would maximise the proportion of self-produced energy used in one's own household.
In the commercial and industrial sectors, an interruption-free electricity supply is an increasingly important requirement, given the increasing instability in the power grids. Solutions for this problem on the basis of current or future technologies are the focus of interest.

Specific applications:
Maximising own use of the photovoltaic system on a household customer’s roof from an economic point of view
Across-the-board solutions for all trades (algorithms for control, batteries, heating, or also other “virtual” approaches) would be especially interesting.
Evaluation criteria: Acquisition costs or payback period

Small UPS systems (up to 400 kVA) for the business segment
Particularly in established industries, (inflexible) lead-acid batteries are commonly in use at present, which are not suitable for additional applications such as load management etc. The call is for solutions (hard- and software) for the problem area of an interruption-free electricity supply on the basis of flexible technologies (e.g. lithium-ions) which can also cover further fields of application (e.g. load management).


Application details can be found here: www.verbund.com/en-at/about-verbund/responsibility/energy2050/challenge
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