Objective
Endeco Technologies Ltd is a pioneering, award winning company recognised as the technology leader in smart grid energy aggregation. Our vision is to become the world’s largest fast acting electricity load aggregator, controlling over 350 MW of load and creating Europe’s largest ‘virtual power plant’. This will allow us to grow our company from our current aggregated load of 50 MW, and our turnover of €4.5 million to €43 million per year by 2022.
Electricity systems in EU countries are facing significant challenges as penetration of renewable energy (in particular wind) continues to increase to meet ambitious carbon reduction targets. Due to the intermittent and inflexible nature of renewable energy sources, efficient real-time frequency balancing of grids will become a major challenge for grid operators. A deviation of only 1 Hz from the standard grid frequency (50 Hz) can cause blackouts and power outages as the grid loses inertia, requiring grid operators to quickly add/remove load from the grid to restore balance.
Following our success with our current smart grid optimisation system we have seen an opportunity to introduce a disruptive new system, OptiGrid, which will use Rate of Change of Frequency (RoCoF) to allow potentially problematic changes in grid frequency to be detected and acted upon within 0.4 seconds, rather than the 10-second state of the art. As well as providing grid security, this will also allow a greater quantity of renewable energy sources to be integrated into the grid as we will be able to effectively and rapidly deliver the required frequency response performance to grid operators.
With the frequency response market expected to see imminent high growth, our technology is well placed to take a significant proportion of this target sector. In the five years following commercialisation, we forecast sales of OptiGrid to total €124.8 million and produce a profit of €28.8 million and an ROI of 1:17.5 over 5 years for Endeco Technologies.
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 electrical engineering, electronic engineering, information engineering electrical engineering power engineering electric power transmission
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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
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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.
24 DUBLIN
Ireland
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.