Feasibility Document

2 www.solisco.co.uk SETCH 2019 info@solisco.co.uk
www.solisco.co.uk SETCH 2019 info@solisco.co.uk
3
Executive Summary
This report will discuss and evaluate The Smart Energy & Transportation Charging Hub project
which has enabled us to understand what is required for such scale of infrastructure, as well as
gaining research into the importance of implementation. The company’s key areas of focus in
this study are; the research of electric vehicle uptake; behavioural change and psychological
adoption of EVs, the future of charging infrastructure; combining various technologies to allow
easy and convenient renewable charging options and the design, planning and execution of small
and large sustainability projects.
Throughout this study, Solisco’s target market is a wide and expansive; private and public
carparks, rooftops, and barren land are all opportunities for onsite energy and revenue
generation, as well as solving the ‘chicken and egg problem’, by providing reliable EV charging
infrastructure, and thus promoting electric vehicle adoption. Unless people can see the charging
points as we currently see fuel stations (with a canopy and services onsite), there will not be an
easier shift to electromobility.
It has been found that, in recent years, solar carports have become hugely popular in other parts
of Europe and overseas. Solisco has the advantage of working with leading manufacturers, who
have patented designs and are constantly working on new innovations. This makes the offering
diverse and of the highest quality. This ties in with Solisco’s philosophy– infrastructure should be
as reliable, aesthetic, and highly engineered as the electric vehicles themselves.
Between 2013 and 2018 the number of EVs on UK roads increased from 3,500
to over 202,000, selling around 500 a month in 2014 to over 5,000 a month in
2018. This is expected to grow exponentially to 36 million by 2040.
A total of 25,059 charging points are available in the UK. However, to cater for
the forecasted growth in EV uptake, the UK will need approximately 6 times as
many charging points by the end of the decade.
We are almost at the tipping point where there is equivalence between the cost
of an EV and combustion engine alternative, decreasing solar energy costs and
improved battery technology which all meet to create an easier path for adoption.
The UK must achieve an all zero-emission fleet of cars and vans by 2050 to meet
atmospheric emissions targets. 60% of new car and van sales must be Ultra Low
Emission Vehicles (ULEV) by 2030 and the sale of new petrol and diesel cars will
be banned by 2040.
Bloomberg’s latest forecast shows sales of EVs increasing from a record 1.1
million worldwide in 2017, to 12 million in 2025 and then surging to 21 million in
2030 as they become cheaper to make than internal combustion engine (ICE)
cars. China will lead this transition, with sales there accounting for almost 50% of
the global EV market in 2025.
As with many infrastructure projects, investment is the key challenge. The options explored
being capex, green financial loan, power purchase agreement (PPA), public or private investment.
The project SETCH was aimed to be funded by INNOVATE UK and the governments’ Office for
Low Emission Vehicles. Other funding routes are now being sought for this and similar projects.
Overall, Solisco has completed the Smart Energy & Transportation Charging Hub Feasibility
Study between January - March 2019. This was a funded project to collaborate, explore ideas,
solve challenges and highlight the viability of implementing ‘Electric Vehicle Charging in Public
Spaces’.
Contents
5. Introduction
6-13. Who We Are
14-17. The Market
18-23. Smart Energy and Transportation Charging Hub
24-29. Site Analysis
30-35. Electric Vehicle Charging Infrastructure
36-46. Solar, Battery Storage Proposal & Grid Innovation Report
47-52. Energy trading and blockchain reward system
53-59. Additional services scoping
60-64. Commercial Proposition Development
65-66. SETCH Findings
67. Conclusion