Project description DEENESFRITPL Nanomaterials for improved battery energy storage systems The EU supports energy storage innovation so that electricity consumption and generation – at any moment in time – are perfectly matched. This balance is key to maintaining a stable supply of electricity. Energy storage can help by saving large quantities of excess electricity. While battery energy storage systems are emerging as potential solutions, mature technologies (lead-acid, sodium-based and lithium-ion) are expensive, have limited lifespans and carry inherent risks. The EU-funded Nano-Edison project applied nanotechnology to develop a new battery energy storage system that replaces the iron and nickel solid plates of the traditional Edison battery with iron and nickel nanomaterials. Compared to other alternatives on the market, it offers increased durability and the lowest production costs. Show the project objective Hide the project objective Objective Energy storage is an increasingly challenge as power distribution evolves to a more decentralized model with progressively higher shares of renewable energies (RE). Battery energy storage systems (BESS) are emerging as potential solutions to increase system reliability, due to their unique capability to absorb, hold and reinject electricity, as well as offer ancillary grid services. However, mature BEES technologies (e.g.; lead-acid, sodium-based and lithium ion) are still expensive, have limited lifespans and carry inherent risks. By applying nanotechnology, Greenvolt has developed Nano-Edison, a disruptive BESS that meets all the performance and criteria to couple with RE mini-grids of commercial, industrial and residential customers. Nano-Edison solution replaces the iron and nickel solid plates of the traditional Edison battery by Fe and Ni nanomaterials, retaining all original advantages (robustness, durability and safety attributes), while solves the associated downsides (manufacturing costs, low efficiency, high size and excessive weight). Compared to other alternatives, Nano-Edison offers an improved durability (+20,000 cycles), environmentally safe performance (no flammable, no acid, non-toxic metals) and the lowest production costs in the market (87 €/kWh vs. 350 €/kWh for Li-ion). Our developed and patented method for producing quality nanomaterials ensure a solid commercial proposition, that Greenvolt will monetise by licensee fees (≈300 k€/year), royalty fees (0.5% on sales) and nanoparticles supplying (89 €/kg) to large battery manufacturer partners. We expect that Nano-Edison unique selling point will enable a profitable business model that will boost the growth of Greenvolt with 5-year accumulated profits surpassing 40 M€, ROI of 8 and the creation of +56 new positions. Likewise, by providing more efficient and cost-competitive BESS, Nano-Edison will help society to make a better use of variable and decentralised renewable energy sources. Fields of science engineering and technologyenvironmental engineeringenergy and fuelsrenewable energynatural scienceschemical sciencesinorganic chemistryalkali metalsnatural scienceschemical sciencesinorganic chemistrytransition metalssocial scienceseconomics and businessbusiness and managementbusiness modelsengineering and technologynanotechnologynano-materials Programme(s) H2020-EU.3. - PRIORITY 'Societal challenges Main Programme H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies Topic(s) H2020-EIC-SMEInst-2020-4 - H2020-EIC Accelerator pilot –SME Instrument - Green Deal Call for proposal H2020-EIC-SMEInst-2018-2020 See other projects for this call Sub call H2020-EIC-SMEInst-2018-2020-4 Funding Scheme SME-2b - SME Instrument (grant only and blended finance) Coordinator NANOM EHF Net EU contribution € 1 328 709,37 Address Bjargargotu 1 101 Reykjavik Iceland See on map Region Ísland Ísland Höfuðborgarsvæði Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 569 446,88 Participants (1) Sort alphabetically Sort by Net EU contribution Expand all Collapse all Third-party Legal entity other than a subcontractor which is affiliated or legally linked to a participant. The entity carries out work under the conditions laid down in the Grant Agreement, supplies goods or provides services for the action, but did not sign the Grant Agreement. A third party abides by the rules applicable to its related participant under the Grant Agreement with regard to eligibility of costs and control of expenditure. OVIA INOVACIJE DOO ZA PROIZVODNJU IUSLUGE Croatia Net EU contribution € 547 509,38 Address Zitnjacka cesta 23a 10000 Zagreb grad zagreb See on map SME The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed. Yes Region Hrvatska Grad Zagreb Grad Zagreb Activity type Private for-profit entities (excluding Higher or Secondary Education Establishments) Links Contact the organisation Opens in new window Participation in EU R&I programmes Opens in new window HORIZON collaboration network Opens in new window Other funding € 234 646,87
