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HYdroxide Salt Energy Storage Innovation

Project description

Hydroxide salts for high-temperature heat storage

Energy-intensive industries (EII) and combined heat and power plants hinder decarbonisation efforts. Innovative large-scale energy storage solutions can help accelerate this process. The EIC-funded HYSE project is developing a thermal energy storage system that uses molten salt to store high-temperature heat. This technology aims to decarbonise EII and cogeneration utility companies by providing an affordable, compact, scalable and sustainable solution. The system is based on proven concentrated solar power industry designs and employs hydroxide salts, which offer superior thermophysical properties and higher chemical stability at elevated temperatures. Additionally, it includes a patented method to prevent corrosion of structural materials in contact with the molten salt.

Objective

Hyme is a Danish SME established in 2021, dedicated to revolutionizing large-scale energy storage by developing a Thermal Energy Storage (TES) system that stores energy in the form of high-temperature heat in molten salt. This solution can contribute to the decarbonization of energy-intensive industries (EII) and cogeneration utility companies Combined Heat and Power plants (CHP), producing heat and electricity from a single energy source with a TES system that is affordable, Compact, Scalable, and Sustainable.
The Hyme TES system is based on a known and +20 year-proven design from the concentrated solar power (CSP) industry, which allows us to work with established suppliers, uses mainly readily available system components, and avoids critical raw materials and harmful substances. While CSP traditionally relies on nitrates as the storage medium, HYME is pioneering the use of hydroxide salts, which have superior thermophysical properties and higher chemical stability at elevated temperatures, creating a novel TES relevant to many EIIs and CHP utility plants, hard-to-abate sectors where the penetration of green power is limited by the lack of solutions to control for the intermittent nature of renewable power. Sodium hydroxides high energy density brings additional advantages in terms of plant footprint (MWh/m2) and low total installed cost (TIC), and its excellent heat transfer properties enable it to be used effectively in high charge and discharge capacity settings. The TES system is built around our core technology a patented method for adjusting oxoacidity and its implementation limiting and controlling the corrosion of hydroxide salts on structural materials in contact with the molten salt. Hyme was created as a spin-off from the Danish 4th generation nuclear startup Seaborg ApS. Our team comprises 35 FTEs (34% of women) representing a dozen nationalities.

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Keywords

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Programme(s)

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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.

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.

HORIZON-EIC-ACC-BF - HORIZON EIC Accelerator Blended Finance

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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) HORIZON-EIC-2023-ACCELERATOR-01

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Coordinator

HYME STORAGE 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.

€ 2 499 999,00
Address
TITANGADE 11
2200 Copenhagen
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 Hovedstaden Byen København
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.

€ 3 798 250,00
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