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Soly raises €30M for further expansion

"With Soly, our mission is to make solar energy available to everyone. This investment will propel our ability to help more people and businesses, in even more countries, to switch to sustainable and affordable energy," said Patrick van

Working towards a bright future

Soly was founded in 2013 with one goal: to make solar energy available to everyone. We are tackling the challenges of the energy transition to enable all of us to enjoy affordable, climate-neutral and decentralised energy.

Soly Energy — Soly Global

How does Soly Energy work? Unlike a fixed or variable energy contract, with a dynamic energy contract you buy your power by the hour. At times when there is a lot of wind and sunshine, a lot of energy is generated and electricity is cheap.

Soly

Our mission is not only to make solar energy accessible, but also deliver a high quality, world-class experience that brings people peace of mind about their energy consumption. Our values are interdependence, eco-conscious, community-driven and dynamism.

Opportunities and Challenges of Solar and Wind

South Korea is the ninth biggest energy consumer and the seventh biggest carbon dioxide emitter in global energy consumption since 2016. Accordingly, the Korean government currently faces a two-fold significant challenge to improve

Company info

By developing its proprietary software platform, Soly is one of the most capital-efficient energy providers with only 140 employees across six countries. The Soly platform won a spot in the Deloitte Technology Fast50 in 2021. Soly is an impact driven

Soly Brain

The Soly Brain® is the centerpiece of your energy household. An energy management system that supports your home in making smart and sustainable choices. Compact design, high in quality. Made to last and full of sustainable applications that help you save.

Soly raises €30M for further expansion

"With Soly, our mission is to make solar energy available to everyone. This investment will propel our ability to help more people and businesses, in even more countries, to switch to sustainable and affordable

Opportunities and Challenges of Solar and Wind Energy in South Korea

South Korea is the ninth biggest energy consumer and the seventh biggest carbon dioxide emitter in global energy consumption since 2016. Accordingly, the Korean government currently faces a two-fold significant challenge to improve energy security and reduce greenhouse gas emissions.

6 FAQs about [Soly energy South Korea]

Does South Korea need a solar energy industry?

Despite the huge technical potential for large-scale deployment of solar energy technologies with acceptable cost in South Korea, the country needs to increase the independence of manufacturers and reliance on local solar cell manufacturers to greatly reduce costs and enhance the growth of solar energy. B. Energy Source

Is solar and wind energy a sustainable future in South Korea?

Furthermore, the findings revealed that the opportunities and strengths of solar and wind energy are much stronger than their weaknesses and challenges. Hence, the present study strongly recommends the adoption, deployment, growth, and installation of solar and wind energy technology and related projects for a sustainable future in South Korea.

Will solar and wind energy research dominate South Korea in 2035?

The vision of the government is to increase the energy contribution of solar stations and wind farms to 14.1% and 18.2%, respectively, of the total renewable energy production by 2035 (Figure 2) [5, 11]. Accordingly, solar and wind energy research will continue to dominate South Korea in the coming decades . Figure 2.

Does South Korea have a problem with energy security?

Author to whom correspondence should be addressed. South Korea is the ninth biggest energy consumer and the seventh biggest carbon dioxide emitter in global energy consumption since 2016. Accordingly, the Korean government currently faces a two-fold significant challenge to improve energy security and reduce greenhouse gas emissions.

Why is energy security important in South Korea?

Energy security is one of the key issues in industrial countries, such as South Korea, which has been ranked as the ninth biggest energy consumer worldwide since 2016 . In December 2017, the total energy production of the country was 441.2 TWh (Figure 1).

What will Korea's energy future look like in 2035?

Furthermore, the Korean government seeks to develop the solar and wind power sector as major alternative energy resources, which will account for 11.0% of total energy production by 2035 . Wind power will play an important role in the long-term deployment plan, where wind farms will supply 18.2% of total energy by 2035 . 4.4.

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