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High Power Charger For Electric Vehicles

Objective

Electric vehicles (EVs) hold the key to environmentally friendly transport for the future, but they are on an environmental and technological detour: Owners buy fuel cars because of range anxiety and charging typically takes hours, not minutes.

Nerve Smart Systems has invented and patented the B-HPC (Buffer-High Power Charger). The battery and control system of the B-HPC enables delivery of ultra-fast-charging power (350 kW) by using low-power grid connections.

The B-HPC can charge a vehicle in the same time as it takes to fuel a conventional car, and with benefits such as significantly lower initial grid installation costs, low stress on grid and low total cost of ownership, the B-HPC is the missing link for a large-scale roll-out of EVs.

The B-HPC will be 30% cheaper than current state-of-the-art fast chargers today, increasing to 44% cheaper by 2023, as it scales better with large volume manufacturing. As it also performs better it will be an attractive choice when approx. 25 million chargers will be put out in Europe alone in the coming years (market value approx. €600bn). Through own label and particularly license agreements, Nerve Smart Systems foresees a revenue of €500m globally in six years’ time.

The objectives of the project are to build and test a 350kW High Power Charger, demonstrate fully working systems that can be used as pre-marketing for later sales, and ensure scalability of both technology and business to prepare for roll-out to international markets.

Fields of science (EuroSciVoc)

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Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

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.

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.

SME-2 - SME instrument phase 2

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Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-SMEInst-2016-2017

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Coordinator

NERVE SMART SYSTEMS APS
Net EU contribution

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.

€ 2 471 973,00
Address
LANGEBJERGVÆNGET 19A
4000 ROSKILDE
Denmark

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Danmark Sjælland Østsjælland
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

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.

€ 3 531 390,00
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