Smart solar power systems as a service

How could properties be used to produce solar power, cut electricity bills and reduce greenhouse gases without major investment up front? The service agreement by Solnet offers a solution. Renewable solar power helps to integrate circular economy into buildings by replacing fossil fuels and other unsustainable sources of energy.
Photo: Sitra

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Problem

Monitoring the energy consumption of a building requires effort. The requirements of new energy-efficiency agreements require sectors such as the retail sector to review the energy sources used in operators’ facilities. If operators want to start using renewable energy, the options are to buy certified electricity or produce it themselves. A solar power system requires capital investment, and the acquisition and maintenance of a solar power station can be a laborious process.

Solution: Smart solar power systems as a service

Solnet offers customers care-free, smart solar power systems with low operating costs. Solnet is responsible for all services throughout the life cycle of a solar energy system, from design to maintenance. The starting point is making the use of solar electricity as easy as possible for the customer.

The package includes a remote monitoring service that helps to identify and address any faults before the supply of electricity is disrupted. The service also includes other IoT-based solutions, such as integration of the system into the building’s automation system or property management system.

Revenue logic and benefits to Solnet

Solnet delivers systems both on a turnkey basis and through service agreements, in which the customer pays a rate for the produced electricity. Through service agreements, Solnet is able to build long-term customer relationships and a steady cash flow. Customers are primarily owners of large property portfolios.

Benefits to customers

Customer companies can save money with the solar power systems since part of the consumed electricity is produced on site. Emissions caused by electricity consumption are reduced. When the system is purchased as a service, no major investment is required up front. Connection to the property’s automation systems in conjunction with installation also enables property owners to regulate electricity consumption based on the real-time availability of solar power.

Facts

Solnet in a nutshell

Main business: electricity sales

Established: 2014

Net sales: €1–50 million

Launch of circular economy solution: 2014

Share of the circular economy solution of the total business: The whole business is largely based on circular economy solutions; fully so in the case of our service business.

Employees: 1-10

Headquarters: Helsinki

Website: http://solnet.fi/en/

Project

The most interesting companies in the circular economy in Finland

The most interesting companies in the circular economy is a list compiled by Sitra to showcase Finland’s most inspiring examples of the circular economy. Sitra is using the list as a way to challenge Finnish companies to meet the changing needs of the world.

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