Objective Solar Polar is an established product development company that specialises in innovative solar heating and cooling technology. The company’s main focus to date has been the development of an innovative low cost solar cooling technology.Our innovative technology, for which we have been awarded a US patent, features a novel application of solar absorption to generate cooled air that requires no electrical input and has no moving parts. Following successful laboratory and field trials (TRL6), we are confident that our innovative system offers cooling with no running costs, payback of less than 2 years (in Southern European dwellings), an operational life of 30+ years and zero carbon emissions.Our system’s competitive advantages will have worldwide appeal driving our sales (and EU exports). Presently, large industrial non-EU firms dominate the air conditioning market. Solar Polar’s ambition is to become a world leader in the supply of solar cooling from within the EU. Outputs and outcomes from our overall innovation project will provide a platform for introduction of our cooling technology to European and worldwide markets. Our business case shows a turnover of over €40m per annum by 2022 with a net profit of €10m and the creation of 300+ jobs. The primary markets for our new system are the markets for cooling dwellings, small to medium sized offices and retail premises. The European and global market for cooling is growing strongly due to climate change, rising incomes and increasing urbanisation. Our system has the potential to help over 800 million households located in areas with sufficient levels of direct solar insolation, about 50% of the estimated number of households in the world. The challenge is to introduce to the market a new cooling technology. Our Phase 1 project will enable us to develop our commercialisation and demonstration strategy and our technology and manufacturing route map; it will also enable us to develop our business plan further. Fields of science engineering and technologyenvironmental engineeringenergy and fuelsrenewable energyengineering and technologymechanical engineeringthermodynamic engineeringagricultural sciencesagriculture, forestry, and fisheriesagriculturenatural sciencesearth and related environmental sciencesatmospheric sciencesclimatologyclimatic changes Programme(s) H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy Main Programme H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument Topic(s) SIE-01-2015-1 - Stimulating the innovation potential of SMEs for a low carbon energy system Call for proposal H2020-SMEInst-2014-2015 See other projects for this call Sub call H2020-SMEINST-1-2015 Funding Scheme SME-1 - SME instrument phase 1 Coordinator SOLAR POLAR LIMITED Net EU contribution € 50 000,00 Address 289 DOGSTHORPE ROAD PE1 3PA PETERBOROUGH United Kingdom See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region East of England East Anglia Peterborough Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Total cost € 71 429,00
