Project description
Long-duration energy storage for the renewable revolution
The rapid expansion of renewable energy sources has brought us closer to a sustainable future. However, the intermittent nature of renewables demands efficient energy storage solutions. Conventional methods fall short when it comes to storing energy for extended periods, hindering the seamless integration of clean power into the grid. In this context, the EIC-funded CO2 Battery project uses CO2 as a working fluid. With a remarkable 75 % round-trip efficiency and a cost-effective CAPEX of EUR 183 per kilowatt hour, this technology empowers utilities, power producers and renewable energy developers to store massive amounts of energy for over 30 years. Its modular, site-independent design and reliance on common materials like steel, water and CO2 make it a vital solution for the energy transition.
Objective
CO2 Battery is a Long Duration Energy Storage system based on a closed thermodynamic loop that uses CO2 as working fluid. Thanks to the properties of carbon dioxide, the system allows to store energy efficiently and cost effectively. CO2 Battery metrics are:
- Round-trip efficiency (RTE) = 75% without degradation over time
- CAPEX = 183 €/kWh (First-of-its-kind) able to drop to 103 €/kWh with a capacity of 50 plants per year
- Lifetime = 30+ years
- Modular and site independent
- No rare material hard to supply or dismantle: it uses only steel, water and CO2.
CO2 Battery makes the energy transition possible, since the technology can store massive amounts of intermittent renewable energies. Customers are Utilities & Independent Power Producers, Renewable Energy developers, Large C&Is and energy transport and distribution operators. All of them need efficient systems to store energy for periods longer than 4 hours.
Fields of science (EuroSciVoc)
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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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HORIZON.3.1 - The European Innovation Council (EIC)
MAIN PROGRAMME
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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.
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.
Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.
(opens in new window) HORIZON-EIC-2022-ACCELERATOR-01
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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.
20131 Milano
Italy
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.