Objective
The integration of Renewable Energy Sources (RES) and Distributed Energy Resources (DERs) plays a fundamental role in the development of Smart Grids. Nowadays, RES (solar, wind, etc.) and DERs (energy storage, EV, etc.) are connected to the grid via DC/AC converters (inverters). Now, these inverters do not provide ancillary services (power-frequency control, voltage control, etc.) like the synchronous generators (generators normally used in conventional power plants) do, which is required to avoid grid voltage and frequency fluctuations and faults. Since the amount of RES and DERs installations are drastically increasing in the world, there is an urgent need to implement smart inverters with these functionalities included. The Synchronverter facilitates the connection of RES and DERs to the grid causing a conventional inverter to mimic a synchronous generator, consequently, these power sources can actively participate in the grid stabilization in harmony with other generators. The Synchronverter has been developed by Synvertec an Israeli company seed-funded by Horizon Green Tech Ventures an investment alliance formed by Alstom S.A Rotem Industries Ltd (Isralei company specialized in the commercialisation of advanced technologies) and Gefen Investmens ( a business incubator company). Synvertec is also participated by Israel Electric Corporation (IEC - Israeli Grid Operator) and the Office of the CHief Scientist (Israeli goverrmental R&D fostering office). Only the inverter’s market for renewable energy accounts for more than $11 billion in 2014. Synvertec aims to make a gradual approach by initially addressing inverters for PV and DES accounting for more than $7 billion in 2014 (out of which $3 billion in Europe). The benefits that this technology will bring to the market will make the proposed project profitable with an IRR of 18.56% over 8 years and a payback period of 5.5 years.
Fields of science (EuroSciVoc)
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: https://op.europa.eu/en/web/eu-vocabularies/euroscivoc.
- engineering and technology environmental engineering energy and fuels renewable energy
- social sciences economics and business business and management business models
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Programme(s)
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
Multi-annual funding programmes that define the EU’s priorities for research and innovation.
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H2020-EU.3.3. - SOCIETAL CHALLENGES - Secure, clean and efficient energy
MAIN PROGRAMME
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H2020-EU.2.3.1. - Mainstreaming SME support, especially through a dedicated instrument
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Topic(s)
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.
Funding Scheme
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.
SME-1 - SME instrument phase 1
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Call for proposal
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-SMEInst-2014-2015
See all projects funded under this callCoordinator
Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.
46722 Herzliya
Israel
The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.
The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.