Periodic Reporting for period 1 - HYSTORE (Hybrid services from advanced thermal energy storage sytems)
Période du rapport: 2023-01-01 au 2024-04-30
The project is structured around five pillars: technical development of storage and control systems, system integration, validation through demonstrators, and exploitation and business model creation. Each pillar addresses specific gaps in current TES technologies, ensuring high energy density, low CAPEX, and ease of integration with existing energy systems. HYSTORE's comprehensive approach aims to achieve significant impacts, such as reducing design and installation efforts by 50%, achieving energy cost savings of at least 15%, and enhancing grid stability through innovative TES applications.
Moreover, advancements in TES configurations have been made, with the focus on achieving higher energy density and reducing CAPEX. The project has also seen the development of innovative TES solutions, such as the ALL-IN-ONE PCM solution for heating, cooling, and DHW. Initial tests have shown promising results in terms of efficiency and performance.
The project's risk management plan has been established, ensuring continuous monitoring and mitigation of potential risks. This plan includes a comprehensive risk register that tracks and addresses risks throughout the project's duration.
To ensure further uptake and success, HYSTORE identifies key needs such as continued research, demonstration projects, market access, and supportive regulatory frameworks. The project's innovative TES configurations and intelligent aggregator systems position it well for commercialization and widespread adoption.