SOLshare is a Bangladesh-based energy technology company that has developed a renewable energy solution for remote villages in the country where it is still not easy to provide electricity from the national grid.
SOLshare’s initiative to bring solar power to remote and disaster-prone rural areas has been reported by the international media, namely Al Jazeera, and has been equally appreciated around the world.
Sohara Shachi from Al Jazeera visited SOLshare headquarters and visited the company’s smart grid accompanied by SOLshare field engineer Faruk Hossain, learned how all the technology works and saw how SOLbox works. I usually. Short film
details the birth of SOLshare, the concept of group electrification, the installation of SOLbox, and its positive impact on rural communities across the country.
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concluded that, at the grassroots level, Bangladesh’s energy future has begun.
According to company officials, SOLshare connects solar homes with neighbors’ homes who cannot afford panels.
In order to avoid wasting solar energy, SOLshare has established a method that allows people to seamlessly convert excess solar power into money, called SOLbazaar, which enables physical peer-to-peer (P2P) solar sharing networks. According to
sources, Bangladesh is one of the countries with the largest number of solar home systems in the world, covering more than 20 million people.
But 30% of electricity is wasted every year, and more than 6 million people in the country have no access to energy. SOLshare Managing Director
Sebastian Groh stated that they have developed a system that can buy more electricity whenever and wherever they need it, and they can invest in more power generation and commercialize it.
This resulted in the installation of the world’s first cyber-physical peer-to-peer (P2P) solar sharing network from all locations in remote areas of Bangladesh, he added. SOLshare Chief Operating Officer
Aziza Sultana Mukti said that there are many geographical challenges in many areas, and the government is trying to cover these areas through a national network, but it is not that simple.
Bangladesh is one of the most vulnerable countries in the world. He added that sometimes it is difficult for the National Grid to reach these remote areas without electricity.
He also said that due to natural disasters, many electrified areas occasionally experience power outages. In this case, SOLshare is a good workaround.
According to official reports, SOLshare has launched SOL bazaar, an IoT-powered trading platform that allows people to exchange excess solar energy.
One party earns money through SOLbazaar and the other party finally gets affordable electricity.
Power sellers may also choose to keep excess power to themselves, but instead use it to run additional equipment such as televisions, refrigerators or computers, SOLshare officials said.
He also said that SOLbazaar stands on its three pillars: SOLbox, SOLapp and SOLweb.
SOLbox is a bi-directional DC meter that can perform peer-to-peer energy transactions, smart grid management, remote monitoring, mobile payments, and data analytics.
SOLbox can create a smart DC grid, integrate with existing hardware (such as solar home systems or batteries) and connect it to other SOLboxes in nearby homes or businesses via SOLbox, the official said.
SOLapp manages customer portfolios, taking into account user information and payment details. It will be updated accordingly based on user activity and power consumption.
The information from these two pillars is then passed to the third pillar, SOLweb, where all the information is collected and analyzed to understand the paradigms and irregularities of the system, he said.
SOLbox, SOLapp and SOLweb together form SOLbazaar. Due to the shared nature of our business platform, one family can be seamlessly connected to another family, eventually connecting ten families, and then hundreds of other families.
Launched in 2015. So far, SOLshare has covered 17 districts across the country, with more than 5,000 beneficiaries. 4,444 employees 70 people, and SOLshare’s goal is to reach the 100 mark by the end of this year.
The concept of group electrification and the installation of SOLbox have had a positive impact on rural communities across the country. It can be said that at the grassroots level, the future of energy has already begun in Bangladesh.