Objective
Powervault aims to be the EU’s specialist provider of cost-effective distributed electricity storage for domestic homes, lowering electricity bills and allowing residents to seize the opportunities of the smart power revolution.
The EU's electricity networks face considerable challenges from decarbonisation - with microgeneration, electric vehicle penetration and renewable heat stressing local distribution networks which were not designed to take this load. New technologies offering flexibility,such as energy storage, offer a potential solution. However, despite benefits for consumers, electricity network operators and wider society, small scale electricity storage remains prohibitively expensive with high upfront unit costs inhibiting mass market uptake.
With SLB-DES Powervault has devised a multi-faceted solution that explicitly tackles the high upfront cost of domestic electricity storage. Here Powervault has instigated technical innovation and commercial sophistication, recycling second life electric vehicle batteries on a storage as a service basis. SLB-DES is explicitly designed to be the most affordable and resource efficient electricity storage solution globally.
Powervault believes the cost-effective SLB-DES proposition can radically accelerate domestic electricity storage uptake, allowing more customers to benefit from increased usage of renewables and seize the opportunities of the smart power revolution, thereby supporting EU ambitions of an efficient and clean energy system.
Powervault will use this feasibility study to evaluate the European market opportunity for SLB-DES, identify the steps necessary for mass market commercialisation and prepare for a Phase 2 pilot trial.
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: The European Science Vocabulary.
CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.
- 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 social geography transport electric vehicles
- engineering and technology environmental engineering waste management waste treatment processes remanufacturing
- social sciences economics and business economics sustainable economy
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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.
SE1 2ES LONDON
United Kingdom
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.