Objective
Energy storage systems (ESS) are gaining popularity among low voltage users as well as industrial application basically as a result of the falling price of these technologies. However many issues are still open such as the challenges coming from the integration of multiple distributed resources to the electric grid or the customers attitude regarding these new element in their installation.
Regarding this potential market and user needs, GPBox energy platform is presented as a revolutionary concept in the energy sector which pretend to involve all the actors in the electric market –from electric utilities to small users– through the integration of distributed energy resources based on an on-cloud system known as eBroker. eBroker concept goes beyond current development of buy cheap/sell expensive with a full value chain from customers habit evaluation to electric grid enhancement, providing Behind the Meter services (i.e. Black Start,
Voltage and Frequency support, Resource adequacy, etc.) to electric network operators, while it
saves up to 25% to the user’s electric bill.
Market projection shows that Energy Storage Systems (battery based) market will be worth about $ 34 billion of annual revenue in 2023. While the European market size will be $ 10-12 billion of annual revenue in 2023 (30%-40% of the total market). Renewable integration and grid ancillary services account for the vast majority of this ESS market. GPBox will provide Behind the Meter services based on embedded artificial intelligent tools which will allow cost saving to the electric network operators valued at more than 20% of current OPEX.
With this first phase, GPTech objective is to obtain a feasibility study and a detailed business plan which will consolidate current expectation regarding technological, operational and economic viability of GPBox business line of products; it will include a solid exploitation strategy and a reliable business model focused on 2018.
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 electronic engineering control systems
- engineering and technology environmental engineering energy and fuels renewable energy
- engineering and technology electrical engineering, electronic engineering, information engineering electrical engineering power engineering electric power distribution
- social sciences economics and business business and management business models
- natural sciences physical sciences electromagnetism and electronics semiconductivity
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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.2.1.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies - Information and Communication Technologies (ICT)
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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-2016-2017
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.
41110 Bollullos De La Mitacion Sevilla
Spain
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.