Exploring the validity of a data-driven business model for Peafowl’s photovoltaic technology

Important results from the project

We successfully validated that our transparent and colourless solar cell can produce sufficient energy to extend the battery life to the lifespan of the sensor, even when measuring the environmental parameters every minute. Moreover, we have shown that high-quality data can predict occupancy levels without the need for additional expensive sensors, highly important for property owners and managers.

Expected long term effects

We have identified that property managers are interested in paid large testing projects, which will immediately generate income for Peafowl and potential contracts with sensors manufacturers to develop our prototype further. Regarding the business model, we established that large glass manufactures are interested in producing our solar cell once we prove the traction in the market for a standard size. We will be able to operate on a license and/or mixed model with reoccurring revenues.

Approach and implementation

The project was executed as defined in the original report, with a slight delay of three months, but finalized on budget. The project included 7 work packages, where Peafowl was the leading participant with some assistance from Green Innovation Park and Akademiska Hus. In a project management capacity, Peafowl ensured that all activities were done promptly, whereas representatives from Akademiska Hus provided input on the prototype requirements and validity of the business model.