Project description
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.
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 (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.
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Keywords
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
Project’s keywords as indicated by the project coordinator. Not to be confused with the EuroSciVoc taxonomy (Fields of science)
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. - PRIORITY 'Societal challenges
MAIN PROGRAMME
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H2020-EU.2.3. - INDUSTRIAL LEADERSHIP - Innovation In SMEs
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H2020-EU.2.1. - INDUSTRIAL LEADERSHIP - Leadership in enabling and industrial technologies
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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-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.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) H2020-EIC-SMEInst-2018-2020
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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.
101 Reykjavik
Iceland
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.