Eco-V provides renewable hot-water and electricity solutions for communities (homes, hospitals and schools) and industries in the form of affordable containerised hybrid solar Microgrids that are affordable and easily transportable. A typical Microgrid pays back over 5 years using award winning and patent pending GreenTower Technology with 90% energy saving.
What is GreenTower Technology?
GreenTower™ Technology achieves 90% in energy saving for heating water compared to electric boilers by harvesting and storing solar power while conserving water using an Internet based software management platform to optimize performance not provided by any of our competitors. The modular GreenTower™ design incorporates containerised micro-grid units that each provide off-grid hot water for up to 16 homes making our solution more affordable than competing solutions. By incorporating multiple micro-grid units GreenTower solutions can be scaled to serve any size community, hospital or school that require domestic hot water and also factories that require 80 °C process hot water.
People from all walks of life can benefit from GreenTower™ Technology. It is an Internet of Things (IoT) solution with a compelling value proposition and the potential to solve Africa’s energy and water crises while being beneficial to many other markets. Water is a scarce resource in Africa and forms part of a balanced eco-system including energy and food supply that are needed to truly impact society and improve the lives of millions of communities.
Eco-V aims to impact the renewable water heating market in South Africa within 5 years with a focus on old age homes, industries, new residential property developments and government affordable housing projects while also creating opportunities in Europe. Disruptive growth is projected that could make it possible to make inroads into Africa by creating partnering opportunities with major corporations.
Our vision is to make sustainable water heating, solar electricity and water conservation available to many households and industries in Africa and Europe, benefiting people from all walks of life. We aim to remove 1million electric boilers from the grid over the next 10 years saving 4.5million tons of Green House Gas annually.
Old Age Homes
Old age homes use electric boilers that contribute up to 35% of their electricity bill. With the high cost of electricity in South Africa, hot water for bathing is becoming unaffordable for the elderly. Eco-V has signed an MOU with the SAVF, a Non-Profit Organization that owns 32 old age homes and 44 housing schemes to implement GreenTower throughout their facilities based on a pilot project commencing in April 2017.
Property developers pay high grid connection fees and legislation requires 50% hot water heating from renewables. Discussions over the past year are expected to lead to negotiations between Eco-V and a listed construction company with a pipeline of more than 30000 homes, for a commercial pilot of 2000 homes with GreenTower implementation expected the latter part of 2017.
Industries that require 80°C process hot water spend up to 30% of their utility bill using electric boilers, severely impacting profitability. Eco-V has presented to Mpact for replacing a 600kW boiler with a GreenTower Microgrid that pays back in 5 years compared to 7 years for alternative solutions. Board approval is anticipated by August with implementation end of 2017.